Switzer on Saturday

Boris and Donald stand and deliver!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
28,135.38
3.33
0.01%
0.43%
S&P 500
3,168.80
0.23
0.01%
0.73%
NASDAQ
8,734.88
17.56
0.20%
0.91%
ASX 200
6,739.70
30.90
0.46%
0.49%
Data for week commencing 09 December 2019

What was hoped for happened - a 60% trade deal is said to have been reached but signing won’t happen until January, the December 15 tariffs won’t go ahead on Sunday and BoJo joins ScoMo in the Prime Minister’s club! These are all pluses for stocks and President Donald Trump has told the press that negotiations on the other 40% of the trade deal would start immediately, which is another plus. He said it could’ve waited until after the election but I’m not sure how genuine he is on that.

Putting the important night for geopolitics in timely order, Boris Johnson has recorded the biggest Conservative Party election win since 1987. And when you look at our poll and the last US one, it becomes clear that people largely vote for personalities. (John Howard was an exception when he beat Paul Keating but Labor had been in office a long time.)