It’s over fucked faces. Finally, we can begin to make arrangements for the funeral.
The Morgan Stanley Business Conditions Index fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record.
“The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors,” economist Ellen Zentner said in a note to clients on Thursday.
Every subindex of the Business Conditions Composite fell in June, expect for the credit condition category, which “is consistent with the recent easing in broad financial conditions,” Zentner said.
What does it all mean? It means this.
“The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors,? economist Ellen Zentner said in a note to clients. “Fundamental indicators point to a broad softening of activity, but analysts did not widely attribute the weakening to trade policy.”
Chart please? Coming right up. Keep your pants on.
After the bell, chip giant AVGO shit the bed. The stock is being brutalized in an after hours session from hell.
Nasdaq futures are -25.
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