More trade issues are hurting. Stocks sold off early but then recovered decently. In the past half hour we were told the President will make a trade announcement after the close. Everyone speculating but the consensus is it won't be good. The indices are now at session lows.
SP500 -16.84, -0.58%
NASDAQ -108.43, -1.35%
DJ30 -98.14, -0.38%
SP400 -0.92%
RUTX -0.93%
SOX -1.08%
NASDAQ 100 -1.36%
The knee jerk was lower, we will see if there is a rebound in the last half hour and if some of these stocks can recover.
AAPL is subject to a double dose as there are always worries about sales in China and now Rosenblatt is saying the new iPhone is not selling as well at first as the original X.
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Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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