Don’t let today’s headline scare you. I’m still bullish overall.
But with the S&P500 still bumping its head against overhead resistance, it wouldn’t hurt to provide a little ballast for a mostly long portfolio here.
So with this in mind, I’m putting on a bearish trade in a stock that has not been participating in this bull market, and will likely continue to push lower as long as the broader indexes keep struggling here.
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