Yesterday proved why it is going to be an impossible week to figure out the direction of the market. As Fed Chair Powell spoke and kept door open for easier monetary policy the market moved to the high of the day, and then got crushed by the close as both China and the U.S. worsened the perception of the trade war. As I have mentioned each day this week, I continue to believe we are better served to stand ready to take advantage of outsized volatility rather than trying to get ahead of any potential news on Trade, Brexit, or political drama in Washington.
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