FYI: Looks like the Thanksgiving week rally missed it’s usual target by a week! Optimism of a trade war halt with China carried markets up through the week and as of Sunday evening futures were surging once more as a 90 day stay of execution on the next round of tariffs was agreed to. Giant rallies Monday and Wednesday – with a huge surge mid day intraday Wednesday – helped rocket the indexes to spectacular gains.
Federal Reserve Chairman Jerome Powell spoke Wednesday and his comments on interest rates were considered quite dovish. This led to the largest gain in the S&P 500 since March 26th! While it has not been so pronounced the last year or two – over the past decade whenever the market dare sell off – the Federal Reserve always has come to the rescue with words or actions!
Regards,
Ted
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