right to fire Comey. Reasons were unimportant because he is appointed at the will of the president. It was all the other headlines that made it important. Investors were laser focused on tax reform and healthcare. Now that they have been pushed onto the back burner, the potential dates have slid significantly. One prominent senator said we will be lucky to get healthcare in 2017, if at all, and tax reform may have to wait until after the midterm elections.

This is eventual death for the stock market. All the optimism built into the post election rally was fueled by tax reform, deregulation and infrastructure spending. Healthcare was of lesser importance to the market. Once investors understand that everything has been pushed back by months instead of days, itfrom equities. The yield on the ten-year treasury closed at the low for the week on Friday as investors began to realize the market could be in jeopardy.

Adding fuel to the event risk fire, North Korea tested a new ballistic missile on Saturday. The missile flew 435 miles and was considered successful. This will put pressure on President Trump to do something. This could give also him an opportunity to move the focus off the Comey problem and back on to the geopolitical scene. However, any action against North Korea has significant risk because of Seoul being only 37 miles from the border with 20,000 pieces of artillery aimed in its direction.

With the MACD sell signal only a day or two away on the best six months of