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For the past several months, US stocks whipsawed with each presidential tweet about whether Trump is adding tariffs or suspending tariffs, talking to the Chinese or ordering US companies out of China. We’ve seen some days where the Dow fell over 800 points, which once upon a time was a big deal, but amounts to a decline of only 3% in a year when the S&P 500 is up 20.6%. When the Dow fell 508 points in October 1987, that was a decline of 22.6% in a day!
Read MoreWe often talk about stock market indicators in terms of green light, yellow light and red light. Are earnings forecasts green, yellow or red? Are bond yield trends green, yellow or red? Are government policies green, yellow or red?
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