Submitted by Jeffrey Snider via Alhambra Investment Partners,
Stocks aren’t quite as immune to financial disruption in the middle of 2015 as they had been previously. The last major, comprehensive selloff was also in tandem with ‘dollar’ disorder back last October 15. This time, the motion was more erosion than ‘event’; at least until the past week. Just like crude oil, stocks lost their momentum back in early May (and broader index price indications dating back to last July and the first ‘dollar’ rumble) and had more or less been stuck like the yuan doing nothing until the open break recently.
This post was published at Zero Hedge on 08/23/2015.
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