Tape feels bad.
This day is an unwritten day, meaning it is unwritten that we shouldn't have anything happen. With the crowd thinned, we should only see fractional movements.
Instead we are seeing one more collapse in oil and some weakness around healthcare and the semis.
We are taking some stock off for the trust. We are feeling greedy after one of the best runs we have ever had.
I think that memories of last December are haunting me, knowing that we can't be too sure Jay Powell doesn't throw us for a loop -- or the Chinese, so close to a deal, feel that we are meddling in Hong Kong. It is a testament to how on the hook the rest of the world is to Chinese foreign aid/Belt and Road/ that no one else seems to be complaining about their human rights crackdown. I know that the mainstream media despises Trump, but at least he stands for something other than trade when it comes to Hong Kong -- and might blow the whole deal if he isn't careful.
We've had a run led by the financials, which are banking on a deal with China that would be advantageous to the Chinese government to unfetter their markets. That run could be undone because of the flat yield curve if we don't get a deal.
I just want to be a tad more cautious here and play defense with The Clorox Company (CLX) and a Bristol-Myers Squibb (BMY) to be sure that this year's great gains aren't jeopardized by something coming from left field.