New Alliances Evolving, US and Russia vs China and EU

Subtle indicators are flashing signals that something much bigger than tariffs are evolving out of all the macho Trump talk.

Also a side story is fermenting, the unravelling of Brexit, as more conformation of Russian influences in the vote.

In the meantime:

Our Fracture indicator backed off as expected to 0.071 today.

A key question for the Fracture is the coming earnings reports which could well have some disappointing data as things start to stagnate.