Macro reality

By | 05/25/2019

Bottomline: The macro data is stating clearly the slowdown did not end in Q1. It has extended into Q2. GDP looks to have a 1% handle. Without a China deal uncertainty will remain, given the negativity surrounding such a deal a positive resolution would trigger a massive rally, without such a deal equity prices may have to contend with further downside if certain levels break to the downside. But China deal or not and with apologies to Tina Turner: The larger macro wheels are turning, markets keep on burning, and before you know it they’re rolling, rolling toward the next round of intervention. (MAY 25, 2019) -NorthmanTrader-