Enter Sandman

The Fed has trapped gamblers in what will be known as the biggest "policy error" in human history. The long dollar trade is unwinding en masse, as the lie of the fabricated "recovery" is exposed...

Oil is starting the next leg down while Dollar / Yen is tanking, all while the Fed is now clusterfucked on what to do next. Stocks are in denial mode as usual...

"Fears that the Fed won’t raise interest rates this year just keep ramping up."

The last time stocks were this weak, the Fed had been easing for 10 months prior:

Average S&P stock with short-term interest rates (black)

ZH: April 14, 2015

Crude Oil Plunges Back to $45 Handle After API Reports Biggest Inventory Build In 6 Months

"API reported a stunning 9.3 milion barrel build (against expectations of a 1.8 mm build) with Cushing rising 1.4mm barrels! The result of the biggest inventory build since April, WTI is getting hammered..."

Oil:

Denial visualized
Dollar /Yen (black) with S&P