Requiem For A Crisis.
We drifted through a lazy summer Tuesday session blissfully (and willfully) ignorant of the political time bomb ticking beneath markets - but that's to be expected.
And besides, the dip wasn't sufficiently bought yet.
Stocks were mostly flat, with retail weighing (more below on that). Here's a five-day look (S&P, Nasdaq, Dow):
Trump's infrastructure comments came too late to help.
The VIX has nearly retraced "fire and fury" but not quite (ticked up a 12-handle late in the session):
The household debt report also shows that serious credit card delinquencies rose for the third consecutive quarter, a trend not seen since 2009.
http://wallstreetonparade.com/2017/08/corporate-media-continues-to-pump-out-fake-news-on-wall-street-crash-of-2008/
A return to 2008 is called for.
Been short on XRT for months, short individual brick and mortar (missed JCP but cashed on M). Long select retailers with large online presence and WMT. Writings been on the wall for awhile.