Is a Severe Recession Imminent?

-CPI and the 2 minute week
-Oil
-Bonds
-WMT, CSCO PANW, BABA, BIDU
-VIX is a broken metric
-SKEW high flyin’

SPX Expected Move -
-last week - 63.82 (5-day expected move)
-next week - 48.54 (3 1/2-day expected move)