The Resilience of the Market

With all of the headlines that have been out there between trade and recession fears, inverted yield curves, all of these things, I'm actually pretty impressed with how resilient the market has been. The bad part is that 50 day moving average line is acting like a very stingy defensive line that is not allowing any yards past the line of scrimmage. And so we've seen what like one, two, three, four, almost four times here. Each time it gets there, it gets knocked right back.