Did you know that 7 banks failed just yesterday? On top of the five that failed a week earlier?
Source: FDIC
On top of yesterday's unexpectedly disappointing jobs report (450K+ new unemployment claims in June) it appears talk of recovery is being moved to the back burner, being replaced by more caution and concern for the rest of summer and the second half of the year. Someone has sprayed Roundup on the Green Shoots.
Also, yesterday, we had this disconcerting video from Nassim Taleb, author of the financial bestseller, "Black Swan", on CNBC Squawk Box. Yes, by the nature of the title of his book, he's in the pessimist camp, but he's saying we're in the MIDDLE of a Crash:
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