SPDR S&P 500 (SPY)

[risk on]

Looks like would be bulls are falling for three card monte again, ignoring everything in play , but most importantly ignoring Feburary. That wasn’t just a lil dip, that was the market showing what it looks like when true values are questioned. One other thing no one is talking about is earnings . Theoretically, earnings should of been 20% higher across the board , due to Corp tax rate cut, yet we saw nothing near that and no foraward guidance suggesting the obvious math , something is not adding up there..perhaps won’t be an issue for a bit, but the cuts were given at the expense of federal govt income , used for entitlements we need, and the news just out that Medicare and SS will be out of $ much sooner than previously thought. How’s that gonna work ? Hope it was all worth it, cause national debt is a real thing .