Bits & Bytes: mostly centered around trade and auto concerns, which is a reason to note that only General Motors (GM) for-instance only Corvette and the electric Volt are produced primarily with U.S. components, writes Gene Inger.

Other American cars like the Jeep Cherokee are primarily domestic-sourced but most others are a mix. It makes this whole trade debate hard to dissect as well as a component-based Rubik’s Cube if they really start tearing into it.  

Monday daily action superficially recovered, but boy is it tenuous. The dynamics of this market have been deteriorating for weeks and actually months.

Reuters: Wall Street gains Tuesday with energy stocks, Facebook weighs down.

The idea of seasonal strength is nonsense, but is variable depending on news, especially as regards trade and tariffs.  In fact, it would not take much for S&P to slip below supports and trigger a slew of algo-sells, which is why I think they brought it back Monday lest they have to deal with a trap door downside vacuum potential on a holiday.

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Business-wise not a lot new. AT&T (T) increased some prices a bit.

Tesla (TSLA) was all over the map in price behavior, debates about the financial status being more important than how many Model 3s rolled-out and then their chief engineer quit, taking the shares lower (we have no interest in that stock currently).

Oils were strong but not much else.  

Coverage: Facebook discloses it has shared data with other companies.

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