Switzer on Saturday

If Santa can’t rally on this, he’s too hard to please

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
28,455.09
78.13
0.28%
1.14%
S&P 500
3,221.22
15.85
0.49%
1.65%
NASDAQ
8,924.95
37.74
0.42%
2.18%
ASX 200
6,816.30
-16.80
-0.25%
1.14%
Data for week commencing 16 December 2019

A Trump tweet kept Wall Street heading higher into record territory, with the US President telling us about his “very good talk” with the Chinese President, Xi Jinping. Mr Trump also made the deal look more believable with his: “Formal signing being arranged.”

And Xi kept the positive vibes going with the following: “The first-phase economic and trade agreement reached between the U.S. and China is a good thing for the U.S., China, and the entire world… Both the U.S. and Chinese markets and the world have responded very positively to this. The U.S. is willing to maintain close communication with China and strive to sign and implement it as soon as possible.”