Headline of the Day

In case you’re wondering what’s ailing the market this morning (Dow down 130), here you go:

(Bloomberg) — U.S. wants to leave some punitive tariffs in place as a means to enforce the trade deal, the Wall Street Journal reports, citing unidentified officials and people briefed.

Make no mistake, as I’ve been preaching here ad nauseam, a deal that leaves tariffs on the books is a sell-the-news event! 

Frankly, we need much bigger selloffs on this kind of news — in hopes of cluing-in the Administration — before they try to ink a deal!


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