Is HPQ In A Pickle?

Rex Tillerson is out as secretary of state after a series of disagreements with President Donald Trump, ending a rocky tenure as the chief U.S. diplomat.

Trump said he’s nominating CIA director Mike Pompeo to run the State Department, hailing his experience in the military and Congress. “I urge his swift confirmation,” Trump said in a statement.

Reuters take on today’s CPI report: “U.S. consumer price growth slowed in February amid a decline in gasoline prices and a moderation in the cost of rental accommodation, the latest indication that an anticipated pickup in inflation probably will be only gradual.”

The market is really looking for a reason to move on way or the other. I want to have balance in my portfolio, so I am willing to entertain a potential short in HP, Inc. (HPQ):