This isn't good

A member told me about this a while back, I did some research and back testing and it turns out to be a pretty decent leading indicator.

I haven't had time to look at the rest of the risk assets which I will, but it seems the minutes opened up a whole new dynamic in the market, much of it was explained in last night's post, "Minutes"

Take a look...

FCT-Senior Floating Return Income Fund has a strong correlation with the market, often leading, today's price action vs the SPY isn't a good sign for the market; this is since the June 4 lows.