Trump escalates trade war just as investors were starting to believe in stocks and economy again

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Professional investor positioning and sentiment now reflects a broad acceptance of a resilient U.S. economy and the chance for further upside in the indexes through the year

approaching 3000 with unemployment at a 50-year low might speak to some as "mission accomplished" moments of culmination for the rally, at least for a short time. Just in time for Uber's hefty and controversial IPO, with WeWork and perhaps even SoftBank's aggressive Vision Fund to follow.

But with the market as a whole no longer demonstrably cheap and 2019 profit forecasts stubbornly flat despite most companies beating first-quarter earnings estimates, bullish positioning and psychology can leave the market less able to absorb an unforeseen challenge to the upbeat case - such as a new round tariffs on China imposed by the White House, say.The most constructive factor in handicapping the market this year has been the behavior of the market itself.

Still, it's become easier to quibble in recent weeks with the character of the market's advance. The break to a fresh high last week was tentative and marginal, by a mere few points, with Friday stopping a whisper shy of early-week record levels in the S&P.

 

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Another unbelievably bad idea by Trump.

Cuz he’s smarter than you dumdass

Stop spreading fear. The fundamentals of the economy are better than any time in history and realDonaldTrump is just preventing the Chinese government from cheating the free market system.

donald trash does this on purpose. his cronies & family are tipped off when they'll be able to take gains & then buy on the dip. Market manipulation by donald trash. GOPCorruption GOPComplicit TrumpCrimeSyndicate

Come on man! Just starting to believe! If that is true then those folks already missed the MAGA train.

Msncnbc

Maybe Trump could 'invest ' in a Secretary of Defence?

Absolutely planned by realDonaldTrump No other explanation. This has nothing to do with the trade deal and everything about market manipulation.

Poor babies cant sell to 401k customers at the top....Stop crying and help MAGA.

michaelsantoli FreeTibet FreeTaiwan Kundun

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