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Investors all over the world have been laser-focused on the trade tensions between the United States and China for the simple reason that more than 80% of the companies on the S&P 500 have already reported earnings. There's just not much else to distract people.
Over the last week, the market has seen some of its worst days since December 2018, precipitated by China walking back previously made agreements on trade and intellectual property. Subsequently, both countries have initiated new tariffs on the other, sending the market lower.
But here's the good news: Despite all the hostile posturing from the world's two largest economies, the market remains doggedly determined to continue the upward movement we've seen since the start of 2019.
The combination has resulted in some roller-coaster days for the S&P 500 this week, and that kind of volatility is always profitable.
Keep plenty of dry powder handy; there will be another dip to buy…
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.