CNBC's daily morning post of stocks: Companies are being downgraded for multiple reasons. The slow down is showing. While the Fed remains dovish & will use empirical data to drive decisions....

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I think companies are preparing for a slow down. They are restructuring, putting projects on hold, etc. I sincerely believe a China Deal has NOT been priced in. Additionally, I believe the Fed will cut interest rates if need be, vs. letting a recession happen. A correction I think they are good with as it's part of the cycle.

I’d be happy with sideways market for awhile or only slightly up. And we can just play where the money goes.

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