As of now, the schedule of tariffs on Mexico that would begin at 5% this Monday has not changed.
Either something on trade or interest rates is going to be the next catalyst to drive this market.
As Jim Cramer noted,'Nothing is worse than fluid.' That's just how Five Below sees the trade situation.
FIVE could provide a modicum of comfort to retail investors run ragged in recent weeks.
Everything in Trump's presidency is fluid, which creates not just uncertainty, but ugliness.
No one wants to be fighting the market when that headline appears.
Luckily for the market today there is hope that there may be some positive developments on Mexico trade later in the day.
Can markets go higher? Certainly, but we still need to see higher prices form here on higher volumes in order to confirm that those big kids are playing ball.
Nothing changed Tuesday as far as trade with China and Mexico and there was no major improvement in economic news.
Comments from China, Mexico and the Fed led the way.