Category: Tariffs
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Extreme Markets
Extreme markets produce extreme data points. As the total spread between highest and lowest forecast for the S&P, shown in the chart below shows. Since Bloomberg started collecting the data in 2000, the gap has never been so extreme this late in the year.
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But Wait, There’s More!
There’s more, S&P 500 earnings estimates are picking up and exceed 10%. Despite continued recession stories from the MSM who continue to push the inflation narrative. Neither is supported by the incoming data. MSM true to form, never let the facts get in the way of a good narrative.
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Tariff Terrorists Strike
In my nearly 3 decades in this business this has to rate as one of the worst weeks that I can remember. The S&P 500 lost 9.08%, The NASDAQ plunged 10.02%, while the DOW slipped 7.86%. As the Tariff Terrorists put an exclamation point on a bruising week.