FYI: The upward move continues. In last week’s recap we mentioned a lot of things turned positive on the technicals and that was born out in the action of the week, starting with a “gap up” in Monday’s session!
The U.S. and Mexico reached an agreement to enter into a new trade deal as President Donald Trump announced that he wants to drop the name “North American Free Trade Agreement” from an existing deal that includes Canada.
“It looks like a revised Nafta agreement between the U.S., Mexico and Canada may be reached shortly. That is giving investors optimism that a U.S.-China trade deal can be worked out in the fall which would remove an obstacle for markets to move higher,” said Jeff Kravetz, a regional investment strategist at U.S. Bank Private Wealth Management.
Regards,
Ted
https://www.stocktrader.com/2018/09/03/weekly-market-recap-sep-02-2018/
