S&P 500 $SPX now down 3% on the day
4800 was the bottom before the 90 day pause was announced
If we get back there…it’s almost like the market will have completely discount everything that has happened since then.
But to be fair to Mr. Market, we have done absolutely nothing other than say “deals are coming” since that 90 day pause — I can’t think of any actual progress other than “some good talks with Japan,” no real momentum on deals with the EU or Canada yet
I feel like Trump does something before we get that low again on the S&P but you can’t blame the market for wanting to take us there again.
More deals = all of this changes, but markets are getting impatient
I still believe we will see many deals, just may take more time…China is the big one and that deal, in my opinion, doesn’t seem close.
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