The Trump administration is doing anything it possibly can to feed the goose, and it looks like it keeps on eating the positive progress news regarding the Phase 1 deal with China.
On Friday, halfway through the trading session, Trump and the Australian Prime Minister, who has been visiting the White House, were answering reporters’ questions, when Donald was asked a couple of things regarding the trade deal: (1) Is he open for an incremental deal? And (2) does it have to be before the elections?
On Sunday, I recommended watching THIS documentary as one of the best ways to understand the dynamics of the 2008 emergency measures taken in order to stop the credit system from going under.
We’re at the mercy of central banks. That’s the bottom line message, stemming from the October – February trading period.
The stock market does not represent the real economy in a perfect fashion. Rather, it is sentiment, momentum or the lack of alternative opportunities that can cause rising or falling prices.