Trump's unprovoked sanctions on Iran based on long-disproved Israeli intelligence reports is causing oil prices to rise.
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Trump is taxing the poor in order to give tax cuts to rich people like Dimon.
I guess it's because I'm one of the last macro fundamentalists left in the markets that I am surprised
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The remaining positions are indeed our "dogs" of the year (so far) as we've cashed out our winners.
Nasdaq, is down from 7,700 to 7,500 (2.5%) while the S&P has bounced back.
FedEx (FDX) becomes the first major victim of rising wages as they missed estimates and guided lower for the year.
People think things are great and aren't trying to sell but God help us all when they do…