US equities are down 10 of the last 11 weeks - the first time since 1970. But, The Dow has now had 11 down weeks out of the last 12. This has never happened before... (in Nov 1929, The Dow fell for 10 of 11 weeks)... {chart} Which perhaps fits as US macro data is collapsing at an unprecedented pace (with UMich sentiment at record lows)... {chart} Remember, there are 12 more rate-hikes priced in from here... good luck America. {tweet} The US equity markets suffered their worst week since the government locked down the US economy due to COVID in March 2020. In fact, since the hotter-than-expected CPI print (and UMich) ... (full story)