The continuous barrage of headlines coming out of Washington is doing its damnedest to ruin the plans of bulls and bears alike keeping both sides on their toes and stopping out the majority of participants including yours truly.
Don’t be fooled by today’s price action – today is a consolidation day after yesterday’s wide range day,
At the time of this writing, all the indices and the majority of sectors (excluding XLU) are trading inside of yesterday’s range.
Anyways as the saying goes, when the going gets tough the smart get lazy. Time to let off steam and catch a matinee of the Avengers.