It was a rough week for stocks, highlighted by the announcement of steel and aluminum tariffs.
News of the tariffs came as stocks were attempting to consolidate recovery gains. Concerns over trade wars bubbled up quickly and rattled the markets.
So does this announcement highlight and underscore the beginning of a new bear market?
The chatter is loud and the news headlines are quite negative. But the market has a way of pricing these things in. This is why we focus on price.
In this week’s video, we review the hard evidence to weigh the probabilities of another bear market.
This Week’s Stock Market Video
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Thanks for watching and have a great week fellow investors.
Twitter: @CiovaccoCapital
The author or his clients may hold positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
