Growth is slowing in almost all major economies, the expectations for global growth have continued to deteriorate in the face of record-high policy uncertainty and the never ending trade war between the world’s two largest economies. China reported the slowest quarterly GDP growth in some three decades last week. The bellwether South Korea delivered another horrendous export data on Monday as the shipments in the first three weeks of October plunged 20% from the previous year, putting the country on track for an eleventh straight month of contracting exports. In Germany, the world’s fourth-largest economy almost surely entered a technical recession and it seems that monetary policy has become ineffective with the fiscal policy not coming to the rescue where very few major economies could afford it. The political uncertainty in the US is likely to increase ahead of the elections next year as the Democrats are fixated on getting Trump impeached. The markets have stalled here for many days now with the rigged earnings season in full gear, at this point, we are still looking for markets to ignore the fundamentals and melt up.