The Fed now appears to me, to be if not in the 'policy error' zone than very close to it. Perhaps the Treasury Secretary sees this as well.
If this train wreck happens, it could combine the worst elements of the last four stock market crashes.
Smaller stocks had outperformed large-caps for much of 2018, but now find themselves down for the year to date after a tough couple months.
It is the sort of negativity that produces capitulation.
One way to generate stable income and protect against rising interest rates is through a bond ladder.
There have been some solid earnings reports, but they haven't provided a boost to the broader market.
The biggest risk right now is the yuan level versus the dollar.
The Federal Reserve should, but likely won't, stop hiking rates before it inflicts more economic damage.
The other involves taking advantage of late-day rebalancing by ETFs.
Big-picture concerns are intensifying selling pressure, which favors bargain hunters in search of individual stocks.