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President Trump’s G20 bromance with China’s Xi means one thing: An epic Santa Claus rally for stocks
Monday December 3, 2018. 10:28 PM , from Mac Daily News
“It’s time to charge that extra $5,000 holiday gift because the year-end for stocks could be pretty sweet,” Brian Sozzi writes for Yahoo Finance.
“And you can thank President Trump and Chinese President Xi Jinping for the inevitable rip-roaring rally into 2019,” Sozzi writes. “Well, that and investor foe turned short-termed bestie, Fed Chair Jerome Powell.” “Trump and his Chinese counterpart agreed at this weekend’s G20 to delay higher tariffs on $200 billion worth of goods from China; the increase, from 10% to 25% was set to hit Jan. 1. The decision will be a 90-day ceasefire. China will purchase a ‘very substantial’ amount of agricultural, industrial and electronics products, according to the U.S. side,” Sozzi writes. “With the perception of the Fed being a touch more accommodative, investors are apt to wade back into beaten-up, above-normal risk assets. See battered tech stocks such as Apple, Netflix and Amazon.” Read more in the full article here. MacDailyNews Take: Okay, so who here got in at under $171?
macdailynews.com/2018/12/03/president-trumps-g20-bromance-with-chinas-xi-means-one-thing-an-epic-san...
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