President Donald Trump made a major announcement about the US-China trade deal. He revealed the “Phase One” agreement would be signed on January 15. The news gave the Dow Jones an end-of-year bounce. Donald Trump announced he’ll be signing an official “Phase One China Trade Deal” on January 15. That put something in Wall Street’s…
The Dow Jones closed at a record high on Friday above 28,000 on hopes of imminent progress in the U.S.-China trade war. Leaked Chinese documents showing China’s crackdown on its Muslim minority population threaten to freeze Trump-Xi relations. Given that the Dow’s rally has been fueled by hopes of a trade deal, this setback now…
Any significant trade resolution between China and the U.S. appears unlikely. The impeachment proceedings will give Trump powerful leverage that can get him re-elected in 2020. The stock market is very likely to go through a massive selloff but Trump may come out victorious. There are two catastrophes coming for the stock market and the…
The Dow failed to secure a strong recovery on Wednesday after a new batch of quarterly earnings reports confirmed that the trade war has begun to eat into profit margins. Dow Wavers as Core Stocks Report Earnings Wall Street’s major indices remained little changed during the morning hours. The Dow Jones Industrial Average rose 7.64…
Almost the entire news cycle for stock markets is devoted to how the trade war has been extremely detrimental for the US economy and that a trade deal could lead to a big rally. To the contrary, one high profile equity strategist is not convinced that the Dow is a buy, or even that Trump’s…
NIKE Inc. stock (NKE) skyrocketed to all-time highs in after-hours trade on Tuesday on the back of an impressive earnings result. Against the backdrop of a stock market ravaged by impeachment concerns, investors were amazed how a company with massive China exposure looks to have wholly evaded any ill-effects from President Trump’s trade war. Nike…
The Dow Jones was up a measly 50 points on Friday as positive data and trade war developments failed to meaningfully lift the stock market. | Source: Brendan Smialowski / AFP The Dow Jones eked out a weak gain on Friday, failing to capitalize fully on positive trade war news as China steps up its…
