Market Weakness Today Has Nothing to Do With Tillerson

The likely narrative in the business press today is that the firing of Secretary of State Rex Tillerson caused the market to selloff because it is evidence of chaos in the Trump Administration. It is a convenient cause-and-effect headline and also is appealing to the many Trump critics in the press.

The truth is that the market weakness today has nothing to do with Tillerson or the Trump Administration. The market was overbought and badly in need of some profit taking. Headline news is simply a convenient trigger for the market to do what it is already inclined to do. The market doesn't care about Tillerson but it's a helpful prod for the selling that that was developing....152 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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