Market Review & Update
Over the last several weeks, we have been discussing the potential for a market correction simply due to divergences in the technical indicators which suggested near-term market risk outweighed the reward. Then, the White House reignited the "trade war" with China. To wit:
"The "Trade War" is not a good thing for markets or the economy as recently suggested by the President. David Rosenberg had an interesting point on this as well on Friday:
'Tracing through the GDP hit from a tariff war on EPS growth and P/E multiple compressions from