The markets are holding up amazingly well for the cliff diving the indicators are now showing.
I really don't understand everything I read, but often my number sense goes "EEK!!!" even though I have gaps in my understandings. Right now I'm reading Mish and Krugman. They are both reporting ISM numbers.
Mish has a piece about the service sector of this number going from 54.4 to 44.6 in a month and it is described as "an absolute collapse of this index." It being 22% higher last month is a staggering difference. This isn't a single business... It is a measure of the whole economy in that sector.
Krugman is reporting on non-manufacturing and gives a number of 43.9 and gives a "portend" loss of 137,000 jobs next month.
On a separate point, the Clintons say they got out of the stock market to avoid potential conflicts, and that is a very politically correct thing to say, but as I was planning my exit from the market about then because of the concerns I had, I figured they were using this as an opportunity to get out without spooking the market. I tend to think headline news saying a former president was completely selling of the US stock market would have a considerable negative effect...