FYI: .The S&P 500 and Nasdaq both trade in record territory in the past week, and the Dow could be just days away from its own new high.
.The Dow’s record high is 27,398, and it was trading within a half percent of its high.
.Earnings results have been adequate enough to stoke a rally, and the market could move higher at what is normally a good time of year for stocks as long as trade talks move toward a deal.
.Industrials and other cyclicals are the best performers in November.
As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it’s very likely the Dow will soon join other indexes in setting new highs.
The S&P 500 and Nasdaq both traded in record territory in the past trading week, boosted by some better economic news, a better-than-expected earnings season, and hopes that trade talks will soon lead to a first-phase deal between the U.S. and China. On Friday, China said it reached a consensus with the U.S. in principle after a phone call among high-level negotiators
Regards,
Ted
https://www.cnbc.com/2019/11/01/the-dow-could-soon-join-other-benchmarks-at-a-record-as-strong-november-seasonality-kicks-in.htmlM* Earnings Calendar:
http://news.morningstar.com/BriefNet/MarketCalendar.aspx?page=EconomicCalendarM*: Economic Reports:
http://news.morningstar.com/BriefNet/MarketCalendar.aspx?page=EconomicCalendarBespoke: Economic Indicators:
https://www.bespokepremium.com/interactive/posts/think-big-blog/next-weeks-economic-indicators-11-1-19
