We are watching headline commodities like copper and oil tank and the precious metals remain under extreme pressure as the effects of a deflationary phase take hold. Jobs (or lack thereof) are theme 1 in this election year here in the US. In Europe, they are squabbling and hand wringing.
We are either going to get a cessation of policy as usual (a predictable policy point is fast approaching with the yield this low and the broad market finally having cracked) or more of what has come before; outwardly promoted inflation.
The next very few weeks are really going to be interesting.