Switzer on Saturday

Market good vibes continue, pity we go to the polls!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,848.87
138.93
0.54%
1.57%
S&P 500
2,822.48
14.00
0.50%
2.89%
NASDAQ
7,688.53
57.62
0.76%
3.78%
ASX 200
6,175.20
-4.40
-0.07%
-0.46%
Data for week commencing 11 March 2019

US stocks were again in the green as the S&P500 was on track for the best weekly gain for three months. It would have been better if Boeing’s problems hadn’t surfaced. Share markets in the States have added around 11% this year alone. Helping stocks overnight were more positive reports about the US-China trade deal, expected to be signed later this month.

As I’ve pointed out previously, just about all the negatives that drove stocks down in the December quarter, such as the trade war, Fed rate rises and recession fears have been reversed or downgraded as a huge concern. Even the likes of China, the EU and here in Australia, there’s a belief that stimulation is in train to avoid a bigger-than-possible economic slowdown.