Very bearish imo. The syncing up of market indexes like this is a bad omen and is synonymous with market manipulation. Be very weary of this market in the next 1 or 2 years.
labor shortage and wrecked materials market (lumber/metals/oil) is a few of many other indicators that ive mentioned previously. Recession is very near
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Lumber futures
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copper futures
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Google search "doctor copper" for personal education
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Materials are very important for construction/manufacturing. especially copper because of its widespread applications.
big weakness in copper prices show low demand, therefore low economic growth. and the very high chance for recession