It Could Have Been Worse – A Lot Worse.

Well I'll say this for Wednesday's U.S. session: it could have been worse. The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment. On top of that, Trump is back in the U.S. So you know, we had lots of things conspiring against us on Wednesday. First 0.5% drop for the S&P in 51 sessions: Triple-digit decline on the Dow. Mercifully, HYG and JNK managed to rebound off their intraday lows to close flat. For his part, Bill Gross "isn't