Switzer on Saturday

Donald, China and the US economy have killed them overnight!

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
27,347.36
301.13
1.11%
1.44%
S&P 500
3,066.91
29.35
0.97%
1.47%
NASDAQ
8,386.40
94.04
1.13%
1.74%
ASX 200
6,669.10
5.70
0.09%
-1.04%
Data for week commencing 28 October 2019

Wall Street surged to record highs on the back of a better-than-expected jobs number for October (Go, Donald!) and a headline revelation from the Chinese trade negotiators that they’ve reached a “consensus in principle” with the White House negotiating team. Go Donald, again!

To me, this adds muscle to the bones of a better story, which kind of surprised me yesterday when the market seemingly ignored one of the President’s best tweets ever. This is what it said: “China and the USA are working on selecting a new site for signing of Phase One of Trade Agreement, about 60% of total deal, after APEC in Chile was cancelled due to unrelated circumstances. The new location will be announced soon. President Xi and President Trump will do signing!”