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Profit from the Pros By Kevin Matras Executive Vice President
Stocks Soar As USMCA Passes The Senate
Stocks soared yesterday with the Senate passing the USMCA trade deal.
This comes on the heels of the signing of Phase 1 of the U.S.-China trade deal just the day before.
The markets cheered the news after these two historic trade deals with our three largest trading partners were finally made 'official'. (Although, it should be noted that Canada still has to vote on it, and their parliament doesn't convene until Jan. 27th. But it's expected to easily pass the Canadian legislature, just as it did in the U.S.)
In other news, earnings season is off to a strong start. And that should only add to the market's bullishness given that stocks typically go up during earnings season.
Things are looking great for 2020.
And I'm expecting another 25-30% gain again this year.
So make sure you're taking full advantage of it.
Executive Vice President, Zacks Investment Research
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