The DOW is down 1.36% this week…but the NASDAQ is up 8 points with the Russell up .4%. I know it does not sound like a lot but the divergences we outlined for you coming into the week have only been accentuated. The DOW remains very weak relative to all. FINANCIALS remain in some trouble but leading growth names have either sat or gone up this week in the face of some weakness.

We are being asked about all these back and forth tariffs. Again, we completely disagree with how the president is going about things. We hope we are wrong because nothing good will come from this if it continues.