The major indexes are up 20% for the year with no material profit taking. All the talking heads on stock TV are trying to figure out which headline is weighting on stocks. I believe it is all of them since a 20% gain never goes unpunished. The storm cloud of the China trade agreement is holding over the market and cautious investors are taking some profits. That fact seems to have escaped those on TV.
The China meeting date now has slipped to "late March" or the "end of the month." The longer the delay the less likely a meaningful deal will be completed. The market is sensing this, and cautious investors are starting to take profits.
New positions are only added on Wednesday and Saturday except in special circumstances.
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