Trade War Food Fight Aftermath

Oh so predictable…

As per this excerpt from yesterday’s NFTRH update…

[The Trade War] needs to be tuned out, because it is already factored in and is at this point a macro food fight with the combatants slinging hash (and eggs, bacon and bananas) at each other. The market does not move (beyond knee jerks) in real time on inflammatory events.

So now that the children are behaving in the cafeteria for now, the market can get on to more important things, like earnings. This morning’s update talked about the implications there and more importantly, the analog to 2015-2016, which we have had ongoing for months now, with some important distinctions between the two cases.

Here’s the analog, per All due consideration for how often analogs fail to play out.

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