Message from Jon
I will be out of the office from Next Thursday the 21st-27th. Returning on the 28th. I will then be out on March 4th -6th and returning on the 7th.
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
After the Fed decision to maintain rates for the time being, the markets have begun to entertain the questions and concerns for the Trade Talks that have resumed with China and the deadlines of the truce that were put into place last time.2,6 The next gov't shutdown question is also looming in the background but fast approaching to the forefront of conversation.3 President Trump last time agreed to a 3-week opening of the gov't while an agreement on the construction of the Wall and State of the Union address resumed.4
Well, that time is behind us, and now we are having to re-open old wounds and see if a trade deal with both China and Washington as it were can be reached.
The VIX is below 17 but well above the "no-brainer" risk on level of 10, so even though we will likely see stocks rise and fall, you still need to remain selective and cautious where you step.5
The VIX: 16.25
Till we speak again, enjoy your week of cold again!
Stocks Post Small Weekly Gains
WEEKLY UPDATE - FEBRUARY 11, 2019