Two News Flashes Sum Up Today’s Action, As Well As THE Issue Presently Plaguing the Market

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

The Dow went from the red to up nearly 300 points this morning on this:

“Trump Soothes Market’s Trade War Concerns

President Trump’s latest comments certainly seem to signal he’s in a less combative mood than some of his recent remarks and tweets suggested, and risk assets have responded cheerfully with the S&P 500 shooting to a session high and yields perking up some.”

The Dow then tanked 220 points from today’s high on this:

“After Trump’s comments on China & trade, White House officials told CNBC that people should not read too much into those claims, because there is no sign of a deal coming soon.”

I’ll leave it there for today.


Have a nice weekend!
Marty

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