Momentum Indicators Help Preserve Stock-Market Rally

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Recent actions by central banks around the world to stabilize growth and an initial U.S.-China trade accord are driving a steady markets advance that has been hard to bet against

Indicators of market momentum are coalescing with improving economic data to support the recent stock-market rally, creating a promising backdrop that some investors expect to help major indexes rebound from last week’s declines.

Concerns about an outbreak of the new coronavirus in China sent the S&P 500 down nearly 1% Friday. But recent actions by central banks around the world to stabilize growth with lower borrowing costs and an initial U.S.-China trade accord are driving a steady advance that has been hard to bet against....

 

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Good article. Thank you so much. I agree with you. Also, I think the US/UK trade deal will be a big one. Both leaders are aligned politically, highly motivated to make a deal soon. A good deal will turn down the any Brexit heat, and help Trump with EU and the election. KAG

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