Message from Jon
We are now beginning the Impeachment Trial of President Trump, and while I think this may all end up being a non-issue with regard to Wall Street, it is certain to captivate the hearts and minds and social media accounts of the public. We are anticipating an increase in the volatility for a time, but we are nevertheless leading to a positive year end.
On a more meaningful note, earnings are doing what we pictured they would do, showing strength or at least not weakness and indicating that we should stay our present course.
Till we speak again-stay warm!
Fresh Record Highs
WEEKLY UPDATE - JANUARY 21, 2020
The Week on Wall StreetTraders were in an upbeat mood last week, reacting to news out of Washington: the signing of the phase-one trade deal between the U.S. and China as well as the Senate passage of the U.S.-Mexico-Canada Agreement (USMCA). In addition, a new earnings season started. Risk appetite grew and spurred all three of the major Wall Street averages to record settlements on Friday.
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