Political Tensions Rise Between US and Spain

Data: FactSet; Chart: Matt Phillips President Trump's threat to "cut off all trade" with Spain was immediately a market event — at least in Europe.Why it matte

Data: FactSet; Chart: Matt Phillips/AxiosThe momentum trade is having a terrible start to the second half. Why it matters: Momentum shares drove the market gains early in the year, and it will be harder for the rally to continue without their participation.<