Once again, the arsonist sprinkled a little water on the fire and is looking for a reward. After sending markets into another freefall last week with the imposition of 50% tariffs on the EU, Trump “rescued” them by delaying the start date.

As expected, SPX backtested its SMA200. ES is back above its. All is good, until the next calamity strikes.

continued for members…

The USD is still plenty weak relative to the euro…

…but, gained on the yen – perhaps attributable to the Nippon Steel deal to purchase US Steel.

continuing…