Markets Swoon, Fed Zeroes Out, Fiscal Tsunami Looms, & Fourth Turning Grinds On

In this latest issue of my weekly podcast, I discuss the epic market swings. As of Monday close, the SP500 is down -29.5% from its recent high 18 days ago. Over the last week, hundreds of stocks we're hitting circuit breaker limits every day. On two mornings, Monday and last Thursday, the entire NYSE hit it's negative 7% circuit just after opening. The VIX hit 83, an all-time record. It surpasses the 2 readings of 80 during the worst of the '08 crisis.The yield curve is in turmoil due to Fed ...