Market Headwinds Won't End If The Tariff Issue Subsides

As earnings estimates decline (due to issues outside the tariff issue), the stock market will continue to face meaningful headwinds.

In this weekend’s piece, we discuss why the outsized focus on the tariff issue…while understandable…will create problems for investors if/when this issue subsides…..We also discuss why the decision by United Airlines to provide “dueling guidance” has some major faults….Then there are the charts of many different assets which all stand at key technical junctures. (Charts on XLK & SMH tech ETFs, TLSA, GOOGL, AMZN, META, ITB homebuilders ETF, HD, gold, high yield spreads…as well as the major stock indices.)