Stocks Surge Higher, Turkey Fades, Trade Deals Eyed

Great day for the markets yesterday with all of the major indexes in the green. The Dow and the S&P are now higher for the week while the Nasdaq and small-cap Russell are just a couple of points away.

The so-called emerging market crisis (which is really just a crisis for Turkey), seems to have already played itself out. And as it should, given that its economy is only 5% the size of the US economy.

Instead, the market has turned its attention back to the ongoing trade talks. With progress being made with the EU, Japan, Mexico (an agreement on a new NAFTA deal could be just a few days away and then presented to Canada), and now resumed talks with China -- this is what the market has been hoping for.

The market has been held back due to uncertainty over the ongoing tariff tensions, even as the economy continues to pick up steam. This has created a lot of pent-up demand and bullishness.

If these trade tensions had never popped up, I have no doubt the market would be sharply higher. But as soon as it looks like a true resolve is coming, I think the market will play a mean game of catch-up and make up for lost time.

Stay bullish. This is history in the making. And this record economy is likely to lead to a record bull market. Only 3 more years to go for this bull market to become the longest bull market ever. So be sure you are taking full advantage of it. Don't look back on this time and think about what you wished you would've done. Instead, do it now.

Best,

Kevin Matras

Executive Vice President, Zacks Investment Research

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