Traders may want to an eye on the 10 Year Treasury futures. They...

Traders may want to an eye on the 10 Year Treasury futures. They tend to get sold when equities are on the rise and the balance has been shifting between safety plays and something that resembles vigilante work old- it is like clockwork recently. Also bear in mind that defensive sectors continued to get attention after the new pawn decided to interject on trade issues. Short covering was as much a part of the rally as anything else. And lastly, keep in mind that while the new National Economic Council advisor feels he will be the stock market's savior, there are other things going on in DC that matter more than this trade stuff.

We are dealing with some highly unusual personalities here. I'd like to word that differently but you get the point. The new NEC advisor is as facile as his boss and imo these people are in way over their heads.