FYI: Despite a bout of selling Tuesday, this was a good week for stock market bulls. Indexes entered the week extremely overbought and one day of selling followed by two modest gains Wednesday & Thursday helped work off some of that situation. Then another solid rally happened Friday. With the central bank back back onside and in rah rah mode, all issues that concern people seem to have disappeared…
Meanwhile, Commerce Secretary Wilbur Ross told CNBC that the U.S. is “miles and miles” away from a trade deal with China. The comments added to rising concerns on Wall Street that the trade standoff won’t be resolved before March, when the president has promised to raise the current 10% tariff on more than $200 billion in Chinese imports to 25%, if a deal cannot be reached.
Regards,
Ted
https://www.stocktrader.com/2019/01/28/weekly-market-recap-jan-27-2019/
