The Fed and Trump are stepping on the economic brakes with one foot with the other foot on the gas of supply side economic policy. We’re seeing smoke from this friction in the stock market. Something is going to give way. Soon the trend will falter under the combined weight of a trade war and rising rates or we’ll turn away from policies that are dragging down the economy.
In this week’s video with Facebook’s crash, we’ll look at whether the tech sector is about to correct or crash the market. We’ll also look across sectors at sector rotation, selection and strength. We’ll close with a look at the broader market, the evidence on the charts and some words of wisdom on long term investing.