By Bryan Bottarelli In yesterday’s issue of Trade of the Day, I outlined all of the possible risks that the market is now facing from the so-called “Washington Risk.”
In other words, news out of Washington (specifically the current U.S.-China trade negotiations) now has 100% influence on the minute-by-minute movements of the major market averages.
As we have recently witnessed, any news item – or any tweet – can dramatically change the market’s direction – either up or down – in the blink of an eye.
For instance, Art Cashin – who has seen just about every major market move in the last five decades, warned …read more
