In the stock market, we are condemned to repeatedly watch stocks rally on trade news, only to have them pull back when the deal is not reached.
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
I wouldn't be a put seller in KHC although bullish put spreads merit some minor consideration.
With a mini-recession in the sector, all eyes are on Friday's jobs numbers, and the big question now is whether this will play out like 2015 to 2016, or worse.
Nothing from Alphabet's CEO changes has me thinking short. In fact, I'd use any weakness to consider a long side trade.
What is particularly interesting about the market action today is that it playing out in a very logical fashion.
We are not yet at a point, given the weight of the evidence, to alter our near term 'negative' outlook for the major equity indexes.
As leadership changes at the tech giant, the real driver for the firm remains the search engine, and the advertising revenue that it and YouTube can produce.
We'll track a dozen beaten-up stocks that could be subject to tax-loss selling at the end of 2019 and see whether they can stage comebacks in 2020.
Traders must guard against a squeeze in case the latest utterance on a potential trade agreement happens to be true.