This video from CNBC’s “Fast Money” is a good discussion of the current environment.  Clearly, there is a lot of fear in the air with the disappointing ISM Manufacturing readings yesterday, which drove stocks.  That angst looks like it may continue as we head into the trading day, S&P 500 Futures are pointing to a weak opening on the same familiar issues – potential impeachment news, Brexit problems, China Trade War and fear of weaker economic data.

 

The main point we want to convey is the weak data should not be a reason to sell because we already know the economy is slow – it is why we keep talking about the market and sector playbook AFTER you emerge from a “mini-recession” slowdown.  The poor data simply confirms what we already know and reflected in the 10-year U.S. Treasury yield drop from 3.25% to 1.62% this morning.  We expect volatility to be with us until some of the previously mentioned issues are resolved, but believe any weakness should prove temporar

Link to last night’s CNBC Fast Money Segment

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