Daily Wrap – Measured Moves, Tariffs and Narratives

The decline continued today. The indices gave up yesterday’s gains and then some. The S&P is officially down over 10% from the Feb. 19th record high (ABI signal day). I have to say, “Damn, those ABI signals NAILED it” “The financial media” terms a -10% decline, as “a correction”. They consider a 20% decline a…