This Week's Message: Expect more of the same for now (video)

This week's message is a quick and easy (but worth watching) video.

Quote of the Day: This Is What We're Talking About!

We recently (multiple times) cited the risk to forward earnings outlooks due to U.S./China trade relations as being a huge near-term headwind.

The following is what we're talking about:   emphasis mine...

Headline of the Day

This is the kind of headline that'll likely lead to some upside volatility:

Chart of the Day: Expect a Test

Yeah, a test of the recent low (normal btw) -- at a minimum -- is highly likely. At least that's what the graph I marked up last evening points to.

Note On the Financial Sector

My reply to an inquiry last evening regarding the somewhat surprising lackluster of financials this year, and on the impact of rising interest rates:

Bonus Quote of the Day: Irrefutable Wisdom

Here's the irrefutable wisdom of a well-economically-tutored acquaintance of mine:

Quote of the Day: THE Headwind

Per last night's video commentary, there's reason to doubt the "good news" of yesterday's bounce. This morning was already looking a bit ugly, but on the Commerce Secretary Wilbur Ross headline regarding trade negotiations with China below, things got notably uglier.