THE Problem for the Market

As we've been harping herein continually, the current environment around trade is, in our view, the problem for the market so far this year.

Bespoke's analysis overwhelmingly agrees:

"Of the seven largest gaps at the open so far in 2018, all but one (2/6/18) was due to headlines related to threats of a trade war, including two in the last week.

Threats of a trade war and stock market gains mix like oil and water."