1. Came across this report from the McKinsey Global Institute that since 2008, has been talking about debt and deleveraging in various global economies. They give the US and Australia fairly good grades, not so for Spain and some others in Europe.
More as I find them. In all likelihood, by the time I do (find them that is), this leading indicator of a stock market would have finished its rally and moved on to obsess about something else!
2. Futures ticking down as I write. Still too early to tell if that means anything.