Looks like this chart speaks for itself. Clearly the global economy is not getting better yet. This chart looks like the slowdown may be accelerating. How about a monthly chart of the infamous BRIC countries.
May was pretty brutal to those stock markets as well. Last but not least is the poster child of cyclical stocks the last few years, good old CAT.
That was a pretty serious decline from the highs. These charts are suggesting things around the world are still slowing down. The recent U.S. economic data is also softening. If the ECRI economist is correct it will only get worse. We are still in risk off mode.
Bob
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