It's trade that could be the big factor for the market. In the past week, stocks barely budged when trade news pointed to a possible lack of progress and the focus was on demands by the Chinese to roll back tariffs. But stocks turned around and rallied Friday on comments from White House top economist"Honestly, next week it's going to be everyday: 'Give me the details on the trade deal,'" said Peter Boockvar, chief investment officer at Bleakley Advisory Group.
As stocks rallied to new highs in the past week, Treasury yields backed off recent highs. The 10-year Treasury, after hitting a high yield of 1.97% the week earlier, was at 1.83% Friday. Yields move opposite price, Emanuel said the impeachment hearing is not impacting the market and investors are ignoring it for now. "If headlines from Washington between Republicans and Democrats become more contentious that could become a focus as well," he said. But for now, investors do not expect the Senate to find that President Donald Trump did anything wrong though he will probably be impeached by the House.
This is all because of trump “fixing” the problem he created in the first place. The underlying fundamentals still point to a significant correction. Don’t believe the spin.
You don’t say 😂
Cause Trump is so terrible! No one gives AF about the fake impeachment
The last 2000 already made by daily WH trade pump
Just like the last 4000 🙄
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