Global Economic Trends - The former first world is largely becoming the descending world [2] - Much of the former third world is now the ascending world [2] - Edelman's numbers correlate with GDP figures and visible improvements in countries like Saudi Arabia, Malaysia, India, and China [1] Data Reliability - There are potential concerns regarding the accuracy of Edelman's numbers for specific regions, such as Nigeria and Kenya [1]

and others. Let's bring in Wells Fargo Investment Institute senior global markets strategist Scott Ren. Scott, good to have you.So, the major averages closed down nearly a percent today. The NASDAQ fairing worst. It's not a reaction to the 10-year, which was lower today. It's a reaction to oil.Well, John, I think that's part of it. And, you know, certainly the market, especially if we have a big jump, uh, you know, $90, $100 a barrel or something like that, that's going to be a negative. But I think a lot o ...