The Battle Lines Are Now Well Drawn For The Stock Market.

In today’s piece, we describe why we continue to believe that the tariff issue is not the most important one facing the markets….So far, the recent bounce is nothing more than one that has worked off the oversold condition that had developed in mid-March…...Now comes the important part. We highlight the all-important support/resistance levels today. Whichever one is broken will tell us A LOT about where the market is headed in Q2.