News follows the market.
@Saltynuts , the market is facing higher interest rates, keep increasing them and the market has to fall. Combine that fact with the weekly trends on the main indices are looking negative..well, what do you think? 30%+ decline from the top is not unheard of ...individual stocks can lose 50% in a week. Hell, the UK's largest tech company lost 50% today!
You are ignoring that earnings are expanding and interest rates even +1% are still quite low. My best guess is US indexes go up 15-20% in 2018. Trump corporate tax cuts don't hurt either and if he backs off in the cancel NAFTA nonsense that drag on markets will disappear. If NAFTA falls apart or the US ruins it's trade relationships with numerous countries, then I think markets could drop. I'm thinking even with a nutter in charge cooler heads will understand the right path on trade. We'll see.
