These Headwinds Will Keep A Lid On the Market - Stay Sidelined

One Option Trading Blog https://ift.tt/2OED4F9 Posted 9:30 AM ET - Yesterday the market staged an impressive reversal and it felt like the market was back on track. Unfortunately, the window for a breakout has passed and the price action the rest of the month will be "noisy". The tug-of-war between strong earnings and tariffs will keep the market in a range. Economic growth is strong, but rising interest rates will provide a stiff headwind. Q2 earnings season has been excellent and the guidance has been good. At a forward P/E of 16 valuations are reasonable. If the threat of a trade war with China becomes a …