Loading ...I guess if there’s a time to take a shot it would be now. I agree with you that the China trade news – especially good – appears to be losing its rally impact on the SM, although the SM just seems to grind higher no matter what.
It feels like it’s been an awful long time since we’ve had a meaningful selloff – 10% or more. Almost as if an algo save comes in every 2-3% down to save everything. If the SM goes then it appears everything goes with it, economy, housing, etc. so the PPT just can’t let it go no matter what.
You and I are old enough to remember nasty corrections, I just haven’t seen any since 08-09′.
Nonetheless, I wouldn’t bet against you. I don’t think the Fed will cut .50 on Wednesday, but any cut might just be a selling opportunity in the SM and if they only cut .25, the SM could really punish them. Who knows?