Disaster, not unexpected but worse than expected.
Wow! Look at the collapse in Italy’s Services PMI.
Services PMIs including final readings in Germany and France. Forget about regressions and everything you've learned at school. pic.twitter.com/srrYFd4JfB
— Frederik Ducrozet (@fwred) April 3, 2020
European
#Euro Markit Composite PMI Final at 29.7 https://t.co/zlwVd8AAmO pic.twitter.com/DgqeRZVuZR
— TRADING ECONOMICS (@tEconomics) April 3, 2020
#Euro Markit Services PMI Final at 26.4 https://t.co/rWQ8dLOuOB pic.twitter.com/5UwUl0OK89
— TRADING ECONOMICS (@tEconomics) April 3, 2020
Germany
#Germany Markit Composite PMI Final at 35.0 https://t.co/pLUA65WmuN pic.twitter.com/kCHyAsrKn6
— TRADING ECONOMICS (@tEconomics) April 3, 2020
#Germany Markit Services PMI Final at 31.7 https://t.co/67ci1U6XhK pic.twitter.com/ngfp1Dxn9e
— TRADING ECONOMICS (@tEconomics) April 3, 2020
France
#France Markit Composite PMI Final at 28.9 https://t.co/sMUoVyMkA0 pic.twitter.com/wEarutYS38
— TRADING ECONOMICS (@tEconomics) April 3, 2020
#France Markit Services PMI Final at 27.4 https://t.co/7vBIs85sQM pic.twitter.com/Wz8W8dBa4M
— TRADING ECONOMICS (@tEconomics) April 3, 2020
Spain
#Spain Markit Services PMI at 23.0 https://t.co/tj3abN6Nkz pic.twitter.com/Ir93RzWe6u
— TRADING ECONOMICS (@tEconomics) April 3, 2020
Italy
Just wow! #Italy's Services #PMI falls to 17.4 in March. pic.twitter.com/KwoG9P0tFS
— jeroen blokland (@jsblokland) April 3, 2020
Global Macro Monitor 
And unemployment number in the US is shitty yet the Dow is still rallying. Amazing.
Thanks for commenting, Andrew. Bear markets don’t go down in a straight line. Look at the start of Nikkei’s bear market. The Dow already down big in six weeks and could bang around here with an upward drift for a few weeks but doubt it.
Europe coup for political power, and the same with the radical left, “the Squad” take over of the Demorat party by avowed Marxist socialists.
https://www.armstrongeconomics.com/international-news/politics/the-lefts-coup-in-your-face/