Seems like each day it is something new that riles the markets–tariffs on steel and aluminum today.
There was a time I would watch a 500 point DJIA closely–no more. There is no real reason to watch indexes that track common stocks–I own virtually none so what is the point.
I do check the knock off affects such as interest rates and I see that the 10 year is trading at 2.83-2.84% and that is what I care about now.
Of course I do have a number of worries, but they relate to the balance sheet runoff coupled with the need for new money to cover the budget deficit—almost $100 billion/month.
In spite of falling rates today this will end badly–I don’t know when, but I would assume in the next 12 months as the treasury starts to tap the debt market really hard–that is where the rubber will meet the road. BUT as always one can’t bury their money in the backyard–the rates of return are worse than CD’s.