Switzer on Saturday

The stock market was looking great and then along came Honkers

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
28,051.41
-112.59
-0.40%
0.63%
S&P 500
3,140.98
-12.65
-0.40%
0.99%
NASDAQ
8,665.47
-39.70
-0.46%
1.71%
ASX 200
6,846.00
-18.00
-0.26%
2.03%
Data for week commencing 25 November 2019

It’s not like me to avoid being optimistic but I can’t be relaxed about stocks going forward until I see how China responds to the US President’s decision to sign into law two Hong Kong related pieces of legislation that has undoubtedly ruffled the feathers of the leadership in Beijing.

One day on and we still don’t know what the response will be. And it seems logical that what China has promised i.e. “strong counter measures” will have an impact on the phase one of the trade deal.