Trump and the Stock Markets

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Lone Star
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Re: Trump and the Stock Markets

Post by Lone Star » April 5, 2019, 5:33 am

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Dow climbs more than 150 points, S&P 500 posts first 6-day winning streak in over a year

Source: CNBC
The Dow Jones Industrial Average and S&P 500 rose on Thursday as investors awaited for more news on a potential trade deal between China and the U.S.

The 30-stock Dow closed 166.50 points higher at 26,384.63, led by a 2.9% gain in Boeing. The S&P 500 climbed 0.2% to 2,879.39, notching its first six-day winning streak since February 2018, as the materials and energy sectors outperformed. The Nasdaq Composite, however, posted a 0.1 loss and closed at 7,891.78 as Tesla shares were under pressure.
STEADY CLIMB BACK.
The Wall Street Journal reported that Donald Trump expects to announce the date of a trade summit with Chinese leader Xi Jinping later in the day, lifting market sentiment. CNBC later reported, however, that sticking points like enforcement mechanisms on any agreed upon deal remain an issue.
"Lifting market sentiment."

OPTIMISM over pessimism, and Main Street is still winning.

STEADY WINNING.
US private charity and the US government do more good for people everywhere in the world -- every year -- than any other country. God Bless America.

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Lone Star
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Re: Trump and the Stock Markets

Post by Lone Star » April 8, 2019, 5:44 am

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Stocks post 2nd straight weekly gain as strong jobs data, trade deal hopes boost sentiment

Source: CNBC
Stocks posted their second consecutive weekly rise on Friday as investor sentiment was boosted by better-than-expected jobs data and progress on the U.S.-China trade front.
Steady growth continues to occur on Main Street. That optimism is a critical driver for Wall Street.
Stocks also got a boost this week as China and the U.S. appeared to make progress in trade negotiations. President Donald Trump said Thursday that swift progress had been made, adding "we'll know over the next four weeks" whether a deal can be reached. Chinese Vice Premier Liu He, meanwhile, said new consensus had been reached by both countries on the text of a trade agreement, according to official state news agency Xinhua.
The trade issue has and will continue to impact world markets -- not just China and the US.
"Earnings drive markets. That's going to make the biggest difference going forward. I think not just the earnings themselves; everybody wants to hear about what CEO expectations are about trade. That's going to continue to be a big thing," said JJ Kinahan, chief market strategist at TD Ameritrade.
STEADY WINNING.
US private charity and the US government do more good for people everywhere in the world -- every year -- than any other country. God Bless America.

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Lone Star
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Joined: June 26, 2014, 11:52 pm

Re: Trump and the Stock Markets

Post by Lone Star » April 12, 2019, 6:14 am

.

Fed’s Clarida: US slowing, but expansion will ‘almost certainly’ break record

Source: CNBC
The U.S. is economy likely slowing from its strong rate of growth in 2018, with “important international risks” clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday.
Yes, the rest of world's downturn could affect US growth. After all, we live in international times where international markets are affected by events happening everywhere in the world.

Richard Clarida, vice chairman of the US Federal Reserve, echoed what Larry Kudlow and Trump's other economic advisors have been saying: "The current economic expansion almost certainly will become the longest on record." Clarida says that there is clear evidence that the US economy will continue to grow despite problems in other parts of the world. It will just be at a slower-than-anticipated pace.

Brexit is an issue. China-US Trade is an issue. The EU's flat economy is an issue.

Clarida said that the Fed is exercising a "patient" approach to any further Fed moves on interest rates.

Optimism over Pessimism.
US private charity and the US government do more good for people everywhere in the world -- every year -- than any other country. God Bless America.

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