The Gilmo Report

May 8, 2019

May 8, 2019

After taking the market down in volatile fashion over the past two days, investors mostly sat on their hands as volume declined and the indexes held steady. By now, members are well aware of the news that sent the market into a tail-spin Monday morning, so I needn’t go into great detail about this. The bottom line is that we have seen some heavy-volume selling off the peak as the U.S.-China trade dispute moves back into the forefront.

At this point, I see nothing to do until the situation is resolved and we know for certain whether a U.S.-China trade deal is on or off, and whether the situation escalates. That can easily be the case if increased tariffs on Chinese goods go through Friday at midnight, even if the talks are called off entirely.

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