Joel Elconin joins me today to comment on the optimistic comments out of the US and China regarding the Phase 1 trade deal and it’s progress. Although China is seriously lagging on it’s commitments in the deal both parties said it is still in tact. While these are just comments the markets don;t seem to care. This is part of a bigger narrative for the markets.
We also discuss the Dow vs S&P in terms of how they are composed and why one is better to follow than the other. As well as the continued lack of breadth for the markets.