FYI: What’s our damage so far?
The bullish dynamic for risk assets on Wall Street is beginning to unravel, clearly. Blame it on trade-war fears, at least partly sparked by a May 5 tweet from President Donald Trump, or peg it to worries that the global economy is facing a pronounced slowdown. In any case, major assets are reflecting deepening concerns about the durability of bull run for stocks, which will mark its 10th year in about a month.
Here is how the market is setting up:
Regards,
Ted
https://www.marketwatch.com/story/heres-the-damage-done-to-the-stock-market-since-trumps-may-5-trade-tweet-2019-05-29/print
