Among the full range of US and global asset market analyses, we open up a potential near-term (beginning in the next 1-2 weeks) bullish relief scenario that could calm market participants’ frayed nerves before the hammer really drops later on. It’s just a scenario, but it’s got valid elements to support it.
Meanwhile, on with the short-term watch for index lower lows or the abortion of same. The Trade War stuff is at this point a sentiment event more than a macro fundamental event. It could become that one day, but right now that’s a cart before the horse.
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