By: Steve Smith
The stock market declined 3.5% this week; by far the worst 5-day performance of the year. Investors are now wondering if this a buying opportunity, or the start of a larger decline?
The proximate cause for the selling is the unraveling of the trade deal with China, which is now resulting in higher tariffs. But after a nearly straight line rally of 25% from the December low, the market was due for a rest and some sort of pullback.
To figure out if this is a buying opportunity…
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