A Rest Day

Dow: -14.17…
Nasdaq: -0.60… S&P: -1.01…

U.S. equity markets ticked slightly lower today as investors wavered between fears of rising trade tensions and hopes that policymakers will bolster markets with fresh stimulus measures.

The market is really banking on a Fed rate cut, and right now we are kind of in no man’s land.

The market is looking to tomorrow’s report on consumer prices for a signal on the Fed’s next move.  Weak inflation could prompt central bankers to lower interest rates to support economic growth. (bad/weak is good, remember that).

I added QD as a new long today. 8.50 & 10 are first targets.  Check out that base that goes back to last July.


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