Has the Trump Administration Become a Prisoner of the Markets?

Also...The Major Averages Stand at KEY Technical Levels as We Move Into May

In this weekend’s piece, we ask what it might mean if (repeat, IF) the recent “blink” from the Trump Administration means they’ve become a prisoner of the markets. This is important given that the major averages are bumping up against extremely important resistance levels….We also discuss whether any realistic economic outlook can support today’s expensive stock market for very long….Also, with wildly successful investors like Warren Buffett and Mark Mobius sitting on such large piles of cash in their portfolios, why wouldn’t EVERYBODY have at least some cash on the sidelines???