Tuesday, April 30, 2019

Headline of the Day

In case you're wondering what's ailing the market this morning (Dow down 130), here you go:
(Bloomberg) -- U.S. wants to leave some punitive tariffs in place as a means to enforce the trade deal, the Wall Street Journal reports, citing unidentified officials and people briefed.
Make no mistake, as I've been preaching here ad nauseam, a deal that leaves tariffs on the books is a sell-the-news event! 

Frankly, we need much bigger selloffs on this kind of news -- in hopes of cluing-in the Administration -- before they try to ink a deal!

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