Judging by the stock market this week, you’d think the economy’s in the dumps, unemployment is up, and corporate profits are down.
But you’d be wrong. Just the opposite, actually.
No, the proximate cause for the hand-wringing on Wall Street is the realization that the good times of almost-free money and steadily rising stock prices really can't go on forever. And that President Donald Trump’s trade battling with China really isn’t helpful.
The response: sell, sell, sell for some, anyway.