The only positive note is big bear Peter Schiff said recently( can't remember where he said it), that with the recent interest rate rises, the Fed has room to lower rates and could even do a QE4. To that I say, inflation could force even higher rates.

Food commodity prices are up 5% so far this year. Oil is up 10 %. Hey inflation is returning, unless those prices reverse.

https://www.finviz.com/futures_charts.ashx?p=d1&t=CL

http://stockcharts.com/h-sc/ui?s=WFC&p=D&...4973289669