Switzer on Saturday

It was Scomo versus Trump for stocks. Scomo won!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,585.69
95.22
0.37%
-0.69%
S&P 500
2,826.06
3.82
0.14%
-1.17%
NASDAQ
7,637.01
8.73
0.11%
-2.29%
ASX 200
6,456.00
-35.80
-0.55%
1.42%
Data for week commencing 20 May 2019

The local euphoria from a Scomo win on Saturday night, which fired up the stock market, was slightly hosed down by Wall Street’s troubled relationship with one Donald Trump. His on again off again ‘love affair’ with China’s leadership as he negotiates a trade deal has brought the US stock market’s Dow Jones Index down for the fifth week in a row!

CNBC says this hasn’t happened since 2011 and it seemed to get serious yesterday, when the lead stories in every US media outlet were that a trade deal mightn’t show up for a long time, if ever! That wasn’t easy to digest for a market that has cut Donald a lot of slack as he tries to get even with a China that has been taking the US for a trade ride for a long time.