The stock market is in the red for the year ... for a number of reasons ... whose priorities seem to change from day to day. Today, it seems that the following are the reasons, in order of descending importance, for what are depressing the stock market ... or keeping it from going up as fast:
- Fed's stance on raising interest rates and outlook for same
- Status of tariff war with China
- Fed's monthly $50 billion reduction of its balance sheet and economic liquidity
- Slowing worldwide economic growth/US corporate profits and outlook for same
- Strength of the dollar and outlook for same
- Growth of US budget deficit
- Status of trade negotiations with the EU, Britain and Japan
- Brexit morass
- Potential US government shutdown over immigration
- Mueller's investigation and possible political repercussions
- Trump's tweets
Tomorrow all these things could be shuffled ...
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