The reasons to be bearish on the stock market now are swamping the bull case

Market bulls continue to see strong U.S. GDP growth, a tight labor market and surging corporate profits. A once-pristine fundamental backdrop suddenly looks tarnished, as worries accelerate that economic growth may have peaked, political headwinds are forming, and rising interest rates will stand in the way of future fiscal stimulus from the Trump administration. All it took was a negative headline for Apple about iPhone demand and news about a lingering regulatory issue for Goldman Sachs to send Wall Street into another tailspin.