Tuesday saw markets moving back up cautiously until the final hour when sellers took over. That is a fairly negative event coming a day after hard selling. However, it was encouraging that the sellers couldn't take out support at key levels.
This morning the futures looked very poor early on until some talk from the White House seemed to take a more conciliatory tone re China trade. Immediately futures improved and, in fact, the markets have opened up as we type.
What we have is a market that is focused on trade / tariff talk and tweets. Lost from view is a wildly successful economy. We have gone to 25% cash but, with a softening stance on tariffs etc. the market will see a risk coming off leading to higher stocks.
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