Back to the impeachment process. Another driver of weakening confidence has very likely been the political process, tariffs, and the trade war, but now we have to add the impeachment inquiry to that list. Political factors are likely to get worse rather than better over the next several months, which will put more pressure on confidence and, again, raise the risks. Between the pending downward jobs revision and the weakness in confidence, two of our major economic indicators may be closer to the trouble zone than we thought.
For me, that means it's time to start paying closer attention to the things of this world, rather than of outer space.
It was still really cool to see JPL though.
Brad McMillan is the chief investment officer for Commonwealth Financial Network.