Thank you, Powell, for avoiding the opioid market fix of constant monetary accommodation and quantitative easing.
If this train wreck happens, it could combine the worst elements of the last four stock market crashes.
But don't bet the bank, this is a risky one.
We are at the late end of the economic cycle, so trade disputes and fiscal easing now could easily cause the next recession.
But here are the signs to watch, and how to protect yourself.
The stocks that performed well were the stocks that you would reach for in a recession.
I am unimpressed by the latest earnings report. Despite good subscriber growth, fundamentals look weak.
These options strategies let a trader gain exposure to auto parts stocks, but at greatly reduced risk.
Wabash National is a key example -- dealing with the triple whammy of higher labor costs, higher steel costs from tariffs and higher interest rates.
Markets will be watching subscriber growth and pricing power when NFLX reports on Tuesday.