Poor economic news is not having any impact on this market right now due to confidence that a rate cut will be forthcoming from the Fed.
Defensive names with inelastic demand are in a good place right now.
Key to a China trade deal will be that both sides come away from the G-20 meeting with the feeling that progress has been made, and that the schedule of tariffs has not been expanded.
The only effective way to deal with a bear market is to prepare for it ahead of time.
There are challenges the world and the markets face; be mindful of them, but do not fear… ever.
Mortgage rates have been declining of late, which should help produce a better story for the housing market in the second part of 2019.
My thesis all along has been that an attempt to normalize the yield curve must be made, therefore I would choose to be proactive.
The Fed needs the justification from the data to be able to cut -- it does not have that green light yet.
Right now, the Fed has to be worried about how much inflation the next round of tariffs is going to cause versus how much the tariffs will hurt our growth.
Jamie Dimon also expresses concern about the impact of China tariffs and a fresh GDP estimate is at hand.