|Data for week commencing 25 February 2019|
After the huge bounce back in shares since December 24 in the US, Wall Street has reached that level where profit-takers just couldn’t resist taking some gains off the table. But they’re not doing it with any enthusiasm because of two big market pluses out there.
The first is what the market could do when the US President inks a deal with Xi Jinping on trade. And secondly, even with weaker-than-expected economic data, market influencers will interpret any such development as a reason for the Fed not to raise interest rates.