As we’ve been harping herein continually, the current environment around trade is, in our view, the problem for the market so far this year.
Bespoke’s analysis overwhelmingly agrees:
“Of the seven largest gaps at the open so far in 2018, all but one (2/6/18) was due to headlines related to threats of a trade war, including two in the last week.
Threats of a trade war and stock market gains mix like oil and water.”
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