And yet even in the Corporate Media financial publications, which tend to emphasize the positive for investors, the news about what the immediate future holds is very gloomy today.

Here is one example from MarketWatch today which I saw on their homepage at the same time that the DOW was up almost +800 points, which featured an interview with Keith McCullough, founder and CEO of Hedgeye Risk Management.

"An entire generation of Americans hasn't gone through a recession. A lot of companies in Silicon Valley have never been through a recession, for example. My definition of a U.S. corporate profits recession is when the rate of change of revenue growth has gone negative and the rate of change of year-over-year profit growth has gone negative. The Federal Reserve, even if it were to turn dovish on interest rates tomorrow, will have a hard time stopping the profits recession.

When the rate of economic change is accelerating and the Fed is printing money, you buy anything that's got a good chart and a good story. You're going to make a lot of money until the music stops.

And it did. Now we're seeing the opposite. The rate of change of real GDP growth and inflation are slowing at the same time. You can't own inflation, commodities or growth now. If you're still long pretend growth or profitless growth or crypto, I recommend prayer." (Source.)