Blame it on China… Many are pointing to recent escalation in the ongoing US-China saga for the weaker sentiment today (things are indeed heating up), but all things considered the S&P is still up +3.2% for the week, making this more of a pause on light volumes than a sign of serious concern (of course with China beginning their annual National People’s Congress tonight, that’s subject to change). A long weekend ahead sets up tomorrow’s trading as an barometer for how confident investors are feeling in their positioning… or perhaps a less dramatic, drifty day…
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