It's Called "Globalization" For A Reason

The Fed apparently just figured out that the U.S. is not "decoupled" from the rest of the world. It only took seven years. S&P gamblers just covered all shorts in anticipation of new all time highs...

June 7th, 2016:

Global stocks (ex-U.S.) with world GDP:

U.S. Deflation with global stocks

U.S. Deflation with oil

Oil with U.S. stocks since June 8th peak:

Mind the gaps
World stocks with S&P opening gaps:

USDJPY aka. "China"

Rest of the world, oil, deflation, global growth, carry trades, commodities, Treasuries
Or
S&P 500:

Choose carefully, because the decision will be made overnight. Literally.