Tariff man strikes again. This time…Mexico. Futures down. Yields down. Energy prices down. Yippee! Enjoy the day. Will have complete technical report this weekend.
Distribution! Yields still plunging. All one needs to know this second. More to come.
Just reporting the news: All major indices are BELOW the 50 day moving average. The SOX has pulled an Eiffel Tower move. Fewer and fewer areas and fewer and fewer stocks are working. Leading groups are utilities, reits, consumer staples…and a bunch of software names still working. But…mostly defensive areas leading any charge. OILS yikes…and…
Futures up a wee bit after a nauseating Thursday. We shall see how the day goes but yesterday, a bunch of stuff moved into or below shorter-term support. Not sure this is good news. We would like to put a good spin on things but: Oil prices melted down yesterday. This will be good news…