Crappy day yesterday though nice little rally at the close to make things less worse.
Futures down this morning. China trade front and center. WE DO NOT BELIEVE THE PRESIDENT ENACTS NEW TARIFFS THIS WEEK. If he does, major disruptions as no business has prepared for it. In fact, they have been told for weeks and months how well negotiations were going. If tariffs are enacted…well, let’s just hope we are correct in our assessment.
Corrections do happen. After all, major indices were up 2-3 years of average yearly gains in 4 months. We just got a catalyst for one. We have no clue how long it lasts or how far it goes. But remember, it is easiest to isolate strength during a period of weakness.
More to come.