Stocks hit record highs on trade optimism—here's where 3 experts stand on what's ahead

Experts said the move would undoubtedly boost the U.S. stock market in the near term but weren't exactly sounding the "all-clear" signal on next year.Kathryn Rooney Vera, head of global macroeconomic research and investment strategy at Bulltick Capital Markets, called this the market's ideal "melt-up scenario":

"This is the melt-up scenario. So, no more U.S. recession; that's certainly now consensus. It wasn't only six to 12 months ago. Consensus was for a U.S. recession. Now, there is no U.S. recession — that's been my view for the past year — you have the Fed cutting and you have a trade deal. So, those three things are what took down the markets December of last year. Now, we have the melt-up scenario.

Scott Wren, Wells Fargo Investment Institute senior global equity strategist, said investors should be cognizant of one under-the-radar trend with their peers as trade tensions subside:of our target range, so we're just above the top end of that. I think stocks are pretty close to fair value and, … clearly, the market has anticipated some trade positives coming in. I'm not sure the market has anticipated, let's say, a rollback of the September tariffs.

Andrew Slimmon, head of the applied equity advisors team at Morgan Stanley Investment Management, flagged a few groups he figured would do especially well into year-end: "The reality of the election is if the economy's doing well, we re-elect the sitting president regardless of what party he's from. I think [with] the Fed cutting rates [and] the China trade deal, we will have a strong economy next year and the market will reward that for a while. However, my job is to get ahead of it. I was on in September; I said I think the market's going to break out in the fourth quarter.

TradingNation There is no trade deal. China is releasing fake news reports about tariffs being phased out. Fake News! Sell this marked NOW!

TradingNation Don’t forget, this is the Barack Obama economy 😉. That guy couldn’t find his a$$ with a flashlight and knew even less about the economy. And Biden is just a drooling old man who spends his day dreaming of young hair to sniff.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S.-China trade deal hopes restart stocks rallyEurope's share markets hit a more than 4-year peak and bond yields shuffled... artofthedeal USA
Source: Reuters - 🏆 2. / 97 Read more »

A global index provider is putting more weight on China stocks, raising concerns from lawmakersMSCI later today will announce an increase in the weighting of mainland China in its MSCI Emerging Markets Index, a benchmark used by many global funds and ETFs. Sen. Marco Rubio has raised red flags about the move, saying the pension assets of federal workers should not be invested in companies that work against U.S. interests. We have a free market solution for this. It’s not just MSCI_Inc that has added substantial China A Shares exposure this year. FTSERussell & SPDJIndices have also included substantially more AShares in 2019 Seems smart actually. More fraud = bigger market cap.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks close little changed as rally loses steam on trade-deal uncertaintyStocks were little changed on Wednesday, struggling to sustain the recent rally that drove the market to record highs. The Dow was flat, while the S&P 500 also barely changed. The Nasdaq declined 0.3%. cnn will broadcast that the Stocks almost CRASHED Today, watch & see.....
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks stymied by trade talk frustrationAsian shares managed to cling near multi-month peaks on Thursday while bonds eke...
Source: Reuters - 🏆 2. / 97 Read more »