James "Rev Shark" DePorre
Recent Articles By The Author
Market players feel a trade deal with China is increasingly unlikely, and they appeared largely unmoved by Fed comments on Tuesday about buying Treasury bonds.
Bears are loaded with ammunition to take this market down but the hope for some progress on China has held them off.
At the end of the day, market players came to realize that maybe they won't see any real progress in talks, and the indexes closed near the lows of the day.
Apple is a great example of how near-zero interest rates help to keep equities near their highs.
The market had its worst two days of action since last December on Tuesday and Wednesday.