in record territory last week, rising more than 1%. The 30-stock average also posted its third straight weekly gain. The S&P 500 and Nasdaq, meanwhile, made fresh record highs on Friday. The S&P 500 also posted its fifth-straight weekly gain while the Nasdaq notched a six-week winning streak.
Both sides agreed last month to finalize a so-called "phase one" trade deal, which expected to be signed later in November. Optimism around trade was further lifted last week after multiple reports said China and the U.S. agreed to roll back tariffs as part of that deal. However, the risks to the market remain out there. President Donald Trump said Friday he had not agreed to remove tariffs on China, contradicting previous reports. Also, China and the U.S. have not agreed on a venue for the phase-one deal signing. Both countries have also come close to signing some sort of deal in the past before talks fell apart or suffered a setback.
"Sentiment has reached excessive bullish levels and volatility is the biggest metaphorical drum being beat from the risk-off drummers," Thrasher said.
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Pleas,,pleas,,
If you’re not worried about investors being overly optimistic, you’re not a good investor MondayMood
realDonaldTrump deregulated Wall Street. It was deregulated when Wall Street brought the world down in early 2000’s. The Global Meltdown was caused by fake securities and enticing fake bond ratings. Wall Street did NOT endorse protections for investors. It’s now a Full Circle.