As the rhetoric heats up over trade, please remember, a “trade deficit”, actually a “current account deficit” is only meaningful in accounting and politics.
In his weekend presentation Chris Ciovacco uses weekly moving averages to compare the present market setup to past turning points. This nicely complements the presentation
Schwab’s Jeff Kleintop points out the extremely positive breadth (my highlight below) in global corporate earnings, which speaks to the general health of the