Here are charts capturing the weakness in asset portfolios, business surveys and consumer sentiment alike. The simultaneous decline in various Fed and non-Fed business surveys (top panel), falling stocks and bond prices sustaining a loss of over $23 trillion (middle panel) and flattening yield curve (bottom panel). The latter illustrates that even bond vigilantes are growing skeptical of Fed's latest policy shift.  Don't be taken by the fancy charts and ask instead, “how do I trade these ideas?” and “what is the realistic timeframe?” Let's see.