Demand is the issue right now, but the outcome of trade talks and Fed easing will have a big impact going forward.
Only because of the incessant brainwashing of individuals by an industry with a bias toward indexing do we have this attitude that stocks are one and the same. They are anything but.
Commissions do cut into the customer's profits, so now with that removed we may see trading come alive even more with options.
The focus now should be on the $65 level.
Apple is a great example of how near-zero interest rates help to keep equities near their highs.
It is not going to run the company to please Wall Street. It is going to run the company to please consumers and if the consumer is happy, Costco is happy.
Markets are at risk of ongoing balance sheet and risk reduction, where both stocks and bonds do poorly.
Don't get too excited about recent bounces.
Finding the right stocks is like finding the right dance partner.
Perhaps the greatest risk of all is that of systemic complexity, and this is as close to an unknowable risk as there is.