Take A Breather.
You could easily attribute it to generalized growth concerns and/or to Donald Trump's ill-advised decision to pick another fight with Brussels, but it might be better to simply say that after eight days of gains, US equities finally decided to take a breather.
Whatever you want to blame, the streak is no more - the S&P fell the most in two weeks on Tuesday, snapping an eight-session string of gains amid a somewhat dour prognosis on the global economy from the IMF and worries that the Trump
I’m not sure “inspired” action, or lack thereof, does today’s trading enough justice. NDX volume was nearly 80% off its average.
My sense is that the bulk of market participants don’ t want to see an end to this free lunch any more than they ever do..But end it will in a time of no ones choosing. One can find an infinite (literally) amount of explanations for each and every 1/2% move and reality is that talk is a lot of wishful thinking. Even Charlie can be off now and again(amazingly so it seems). Boat is stacked heavy to one side (look out) Actually I think that is what H….is saying as well
Today’s commodities gains are tomorrow’s inflation. 5-8% up from here even with minimal inflows before
meaningful pullback. Watching transports the next few weeks for indications of momentum going into historically weak late April/Early May time frame aka the time of year for short term peaks.