Weakness in Corporate Earnings Starts to Show

Moreover, a slew of companies have announced job cuts in recent days

Highlights

• A slew of job cuts, weak earnings and a global rise in yields are dragging risk assets lower this morning

• The greenback continues to strengthen amid unrest in the Middle East

• American consumers’ “resilience” has been financed by an unparalleled savings drawdown

• A deeper read of the subcomponents shows the September inflation report had significant pockets of deflation