|Day's Range||11.24 - 11.94|
The United States and China have reached an initial but “substantial” trade agreement dealing with intellectual property, major agricultural purchases and financial services, President Donald Trump said Friday afternoon. The partial agreement could signal a major easing, or even an imminent end, to a trade war between the two countries that has been widely blamed for hurting the global economy. Trump said the two countries are “very close to ending” the trade war, which has been one of the dominant economic events in his presidency.
U.S. markets and stock ETFs rallied Friday on growing optimism of progress between the U.S. and China trade delegation, with President Donald Trump providing an upbeat evaluation of trade talks. On Friday, the Invesco QQQ Trust (QQQ) was up 1.8%, SPDR Dow Jones Industrial Average ETF (DIA) rose 1.5%, and SPDR S&P 500 ETF (SPY) gained 1.5%. The stock markets strengthened on hopes that the two largest economies in the world can reach an accord and that Beijing is willing to compromise with Washington before the White House hikes tariffs to new levels next week, along with imposing additional levies in December, the Wall Street Journal reports.
What matters, according to the market, are the trade talks between the U.S. and China, and that any possible agreement (on pulling back higher tariffs, etc.) would be a revitalizing tonic.
Large numbers of consumers are struggling to pay their bills, meaning that growth in consumer spending, 70% of U.S. GDP, may stall.
On Friday, investors will receive a snapshot on consumer sentiment in October and hear from several Federal Open Market Committee members ahead of the central bank’s next rate-setting meeting.
U.S. markets and stock ETFs maintained their momentum Thursday after President Donald Trump said he would meet with the Chinese trade delegation, adding to hopes of a trade deal. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.5%, and SPDR S&P 500 ETF (SPY) gained 0.6%. Trump on Twitter said he would meet Chinese Vice Premier Liu He, the head of the Chinese negotiating team, at the White House Friday, dispelling fears earlier that Chinese leaders would be leaving a day earlier than expected, the Wall Street Journal reports.
Regular trading hours are 9:30 a.m. to 4 p.m. ET, but the major U.S. stock exchanges close early on certain days ahead of or just after market holidays.
As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. (GPN), 56.2%, Danaher Corp. (DHR), 33.1%, Adobe Inc. (ADBE), 21.2%, Nvidia Corp. (NVDA), 35.4%, Mastercard Inc. (MA), 44.3%, and Microsoft Corp. (MSFT), 36.1%.
We are living in a time of profound generational change and it has never been more vital for business to bridge and bring together different generations perspectives, skill sets, and passions in order to be successful.
U.S. markets and stock ETFs strengthened Wednesday as investors tried to maintain optimism ahead of high-level trade talks between the United States and China on Thursday.
A key gauge of market risk is soaring as both stock and bond investors seek safety, chase yield and search for profit in the $3.8 trillion municipal bond market, according to a Bloomberg report. To date in 2019,108 borrowers who raised cash in the market for the riskiest state and local government bonds have faced enough headwinds that they have had to miss their debt payments or violate other financial terms of their contracts, such as drawing down cash reserves. The junk bond market, seen by many investors as an indicator for stocks' outlook, is also running into trouble.
This is the second of two stories that Investopedia is devoting to a report from Goldman Sachs recommending stocks with longterm stable profit growth.
High-level trade talks between U.S. and Chinese negotiators are slated to resume in Washington, D.C., on Thursday, providing an opportunity for both sides to make progress on a deal before the next tranche of tariffs on Chinese imports take effect.
Biden is at the center of the allegations that led the House of Representatives to launch an impeachment inquiry against the president. Trump asked Ukrainian President Volodymyr Zelensky to investigate Biden and his son Hunter, who was on the board of a Ukrainian energy company.
U.S. markets and stock ETFs strengthened Wednesday as investors tried to maintain optimism ahead of high-level trade talks between the United States and China on Thursday. On Wednesday, the Invesco QQQ Trust (QQQ) was up 1.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.8%, and SPDR S&P 500 ETF (SPY) gained 1.0%. Market participants looked optimistically to trade developments on news that China was open to reaching a partial deal, the Wall Street Journal reports.
The U.S.-China trade war, slowing global growth and inverted yield curves are just a few reasons that are getting investors down, but Capital Wealth’s market strategist Jeffrey Saut said the bull market is still alive and well. Saut’s comments come as Duke University professor Campbell Harvey, who pioneered the inverted yield curve, is advising investors to take preventative action now rather than wait for a recession to be in full swing. It’s much more difficult to manage into a turning point,” said Harvey.