Weekend Stock Market Outlook - May 17 2020

The stock market outlook flipped to a downtrend last week with a change in the ADX signal.  Elliott Wave was already in a downtrend, but price/volume is still showing an uptrend in place.
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Weak April retail sales and production data was not surprising, nor was some deflation. Blocking semi-conductor shipments to Huawei was, but only a little.
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Great stuff from the Strategic Investment Conference last week, hosted by Mauldin Economics, means lots of reading and reflecting this week and next.

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More commentary after the jump...<a href="https://www.invest-safely.com/stock-market-outlook-2020-05-17.html" rel="noopener" target="_blank">Stock Market Outlook - Week of May 17 2020</a>