The first chart below jibes perfectly with our reporting herein on general conditions for stocks:
click to enlarge...
Bottom line: Earnings have been better than good!
This one (stock price reactions to better-than-good earnings) speaks to our cautious view of near-term prospects.
Bottom line: While lots of factors (an uncountable number of factors in fact) potentially influence the price of a share of stock, there's no question that the latest on global trade has created a wall of uncertainty.
As we suggested yesterday, remove that wall and we become more constructive on near-term prospects.
Charts courtesy of Bespoke Investment Group