Just twenty-four hours ago, I wrote in The Arena: “Just absolute chaos, with no one the clear winner. The bulls have the ball but then BOOM! the news hits about tariffs on $100 billion in goods. The bears snatch it away but then BOOM! Mnuchin assures them it’s just a negotiation, and everything is going to be fine. Uh-oh BOOM! the offices of Michael Cohen get raided, so the bears get the ball back. And, instantly, BOOM! the head of China issues a soothing speech, allowing the bulls to take control again”
And so – – we have Zuckerberg (AKA Commander Data) testimony on the left and Syria attack on the right. Welcome to the new normal.