Stock Market Update, May 31, 2019

|
Includes: BBSA, BIBL, BIL, CHGX, CLTL, CRF, DDM, DFVL, DFVS, DIA, DLBL-OLD, DLBS, DMRL, DOG, DTUL, DTUS, DTYL, DTYS, DUSA, DXD, EDOW, EDV, EEH, EGF, EPS, EQL, ESGL, FEX, FIBR, FWDD, GBIL, GOVT, GSEW, GSY, HUSV, HYDD, IEF, IEI, ITE, IVV, IWL, IWM, JHML, JKD, OMFS, OPER, OTPIX, PLW, PMOM, PPLC, PSQ, PST, QID, QLD, QQEW, QQQ, QQQE, QQXT, RISE, RSP, RVRS, RWM, RYARX, RYRSX, SCAP, SCHO, SCHR, SCHX, SDOW, SDS, SFLA, SFY, SH, SHV, SHY, SMLL, SPDN, SPLX, SPSM, SPTL, SPTS, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TAPR, TBF, TBT, TBX, TLH, TLT, TMF, TMV, TNA, TQQQ, TTT, TUZ, TWM, TYBS, TYD, TYNS, TYO, TZA, UBT, UDOW, UDPIX, UPRO, URTY, USA, USMC, UST, USTB, UWM, VFINX, VGIT, VGLT, VGSH, VOO, VTWO, VUSTX, VV, ZF, ZROZ
by: Robert W. Baird & Co.
Summary

The first four months of the year stocks enjoyed a strong tailwind as the overwhelming consensus had the U.S. and China trade agreement settled before summer.

The breakdown in the trade discussions has significantly altered the economic prospects for the U.S. and the rest of the world.

As a result, the stock market has moved from a consolidation phase to a correction that could have more room on the downside.

Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.