Economy Trump has just made two big gains in trading...

Trump has just made two big gains in trading – but here’s why stocks may still be fueling

-

A top of the market may come here in the short term.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With President Trump you will achieve two big deals this week (USMCA and the first trade agreement with China), investors will be excited to find another catalyst send stocks even higher, However, those looking for positive catalysts could go away empty-handed as Corporate America takes a cautious stance given the persistent geopolitical uncertainties surrounding the 2020 earnings forecast (USMCA and the first phase trade agreement with China) Investors are eagerly looking for another catalyst to push stocks higher still amid persistent geopolitical uncertainty.

In the meantime, the first Federal Reserve meeting later this month could turn into a slumber festival if you read the tea leaves of Fed member comments in January. As announced in 2019, the Fed is likely to remain data-dependent – and this suggests that there will be no rate hikes or rate cuts for the time being.

That said, let the screams on Wall Street begin after a retreat in the glowing stock markets when investors return disappointed with their search.

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" We have been gone for over a year now without this a normal development for the markets, ”said Scott Clemons, Brown Brothers Harriman's chief investment strategist at Yahoo Finance The first trade, “We informed our customers that there will inevitably be a 5 percent or 10 percent payback loss later this year because things are overbought here in the United States, at least.” “Data-reactid =” 19 “>” We have now gone This is a normal development for the markets, “said Scott Clemons, chief investment strategist at Brown Brothers Harriman, in The First Trade of Yahoo Finance will inevitably be the 5% or 10% repayment later this year because things are overbought here in the US, at least. “

Calling overbought stocks can be an understatement.

According to Sundial Capital Research, more than 85% of S&P 500 stocks are now above their 200-day moving average, the highest in five years. Within the Nasdaq 100, an average of 22% of stocks hit the news and are overbought with a relative strength index above 70. When this momentum started in 2001, Sundial noticed that the Nasdaq 100 would tend to underperform in the coming weeks.

And one last sweetener for the Permabulls from the Sundial people. There is a 15-year high for stocks with negative earnings, both for established companies and for new issues. This suggests that investors are just chasing momentum and may be negatively surprised if new data represent a different story.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Brian Sozzi is an editor and co-moderator of The first trade at Yahoo Finance. Watch the first trade every day Here at 9:00 p.m. ET. Follow Sozzi on Twitter @BrianSozzi and further LinkedIn,“data-reactid =” 23 “>Brian Sozzi is an editor and co-moderator of The first trade at Yahoo Finance. Watch the first trade every day Here at 9:00 p.m. ET. Follow Sozzi on Twitter @BrianSozzi and further LinkedIn,

Most Recommended Web hosting

World News : archywordys.com

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Read the latest financial and business news from Yahoo Finance“data-reactid =” 24 “>Read the latest financial and business news from Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Microsoft CEO Satya Nadella on the future of retail“data-reactid =” 25 “>Microsoft CEO Satya Nadella on the future of retail

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "4 main concerns of investors regarding the stock market in 2020“data-reactid =” 26 “>4 main concerns of investors regarding the stock market in 2020

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Trump’s tax plan will hurt restaurants again in 2020: Dunkin ‘Chair“data-reactid =” 27 “>Trump’s tax plan will hurt restaurants again in 2020: Dunkin ‘Chair

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Watch: The goal is Yahoo Finance’s “Company of the Year”“data-reactid =” 28 “>Watch: The goal is Yahoo Finance’s “Company of the Year”

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Beyond Meat founder: McDonald’s is doing very well“data-reactid =” 29 “>Beyond Meat founder: McDonald’s is doing very well

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Starbucks CEO about what China has in store for the coffee giant“data-reactid =” 30 “>Starbucks CEO about what China has in store for the coffee giant

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter. Facebook. Instagram. Flipboard. Smart News. LinkedIn. Youtube, and reddit,“data-reactid =” 31 “>Follow Yahoo Finance on Twitter. Facebook. Instagram. Flipboard. Smart News. LinkedIn. Youtube, and reddit,

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Federer storms into the quarter-finals of the 15th Australian Open

Melbourne (AFP) - Roger Federer switched after losing the first set to defeat Marton Fucsovics and hit a record...

The Barclays War

When Barclays was twenty years old, he earned so much money on television, where he displayed himself as a...

Border Patrol intercepts illegal Salvadorans in Texas, traveling hidden in trailer | El Salvador News

The nationals traveled with other people of seven different nationalities A total of 63 immigrants (including Salvadorans) were intercepted when...

Ismael “El Mayo” Zambada is the top leader in drug trafficking in Mexico: DEA

For the United States Drug Administration (DEA, for its acronym in English) No doubt what is...

Aerospace seals market 2020 – Eaton, Esterline Technologies, Saint-Gobain, SKF Group, Freudenberg Group – TheCoinGossip

The global Aerospace Seals Market Report 2019-2025 provides a comprehensive analysis of the current aerospace seals market. It determines...

Eight twos and one for furious lions

EFKAN BEKIROGLU - NOTE 2: From the beginning to the end of the Cheffe-Effe. Already in game one after...

Must read

Federer storms into the quarter-finals of the 15th Australian Open

Melbourne (AFP) - Roger Federer switched after losing the...

The Barclays War

When Barclays was twenty years old, he earned so...

You might also likeRELATED
Recommended to you