This weekend, the country learned that the infamous Mueller report exonerated President Trump of any collusion with Russia to influence the 2016 elections.1On Monday, the markets seem to be quiet while it digests the report and tries to figure out what, if any, market impact there is. At this point, the indicators are saying that we are back into (barely) a bullish trend in the market sentiment.
This week began with very little in the way of economic data and was pretty quiet. The FED speaks Wednesday and will give us more insight into their approach with regard to raising or maintaining the interest rate levels.1
We are again not that far out of the range of volatility and turmoil as the markets last week declined nearly 2.5%. 1 We are seeing that the earnings season is now behind us, and at this point, we are still engaged in the Trade War Discussion with China and also the FED's approach to either increasing or maintaining the interest rate levels as they are. 2,3
The markets have responded fairly well, resulting in the FED walking back their aggressive "hawkish" tone to a much more "dovish" wait and see attitude. 1Added to this has been the news that there is progress on the Trade War talks with China. 2
As of Feb 12th it appears that good news in coming into the markets by way of a US Lawmakers averting another Government Shutdown by striking a boarder security deal. IF President Trump signs the deal, this could give the markets a little tailwind. 1