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Stocks Up On US/China Agreement And Growing Economy
The markets were up again on Monday with all of the major indexes up solidly. What a great way to start the week.
After news broke on Sunday night that an agreement was made to "substantially" reduce the US trade deficit with China, futures markets spiked and the stage was set for a rally on Monday.
China agreed to "significantly" increase purchases of US goods and services with farm and agriculture products expected to be one of the big winners in the deal.
Trade war averted. (But c'mon, we knew there was never going to be a trade war in the first place. And neither did the market.)
The Russell 2000 Small-Cap Index made another new all-time high yesterday. (I think small-caps will continue to lead in this next leg up.) But we saw great strength in the other indexes as well with big gains in large-caps and mid-caps too.
Everything is coming together.
Exciting times.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
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The markets were up again on Monday with all of the major indexes up solidly. What a great way to start the week.
