iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,520 Blog Posts

Morgan Stanley’s Proprietary Economic Indicator Just Registered a RECORD COLLAPSE

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.


RECORD COLLAPSE

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.

Sleep tight.

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13 comments

  1. heckler

    Fuck off Fly.

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  2. jacked rabbit

    In a span of three days, we went from never short this market again to record collapse.

    What would Carolina Fly think? He’d probably put a dip in and take his wolf out hunting for snipe.

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  3. moosh

    Oh my. What is a MS intern left to do now? GO BALLS WALL DOGGY

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  4. shamalamadingdong
    shamalamadingdong

    So now we’re out of the fagbox? Sometimes I think you just go hyperbolic to sell Exodus subscriptions….

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  5. i Bergamot

    Based on 2008-2009 level, and comparing to now, this thingamabob is about to bottom

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  6. it is showtime

    I still say the globalist-faction has the grips of the indexes. Election night held hefty evidence that decisions were made by elite members, and were reflected in market behavior. In the context of a progressively more-and-more manipulated market prior to 2016, and at least certainly suspicious machinations since. If a D takes back power next year, any nwo/davos/bilderberg/globalist member, of which currently a D is their alignment, obviously-has-to-know the indexes would have to retreat 30%+ based on narrative. Which of course means the gameboard would be “much more likely” to contain a “retreat” or collapse 07-08 style into election. Among other reasons that contingencies may be used

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  7. spaceman

    Gold hitting $1350 let’s keep it going!

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  8. juice

    It means easy money forever, record highs coming all the way around

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