The white line represents a trend dating back to the great recession from 2008. As you can see we broke down below it during the losses that occurred late last year, but since then the market has rebounded due to the narrow avoidance of another government shutdown, and on hopes of a trade agreement between the two world superpowers.
Now that the government will remain funded until September(don't quote me on that), whatever happens as a result of the emergency declarations should have little effect on the markets.
The biggest concern is the negotiations between the US and China. Hopefully a trade truce can be met and we can get over this silly trade war that has plagued us for these last few years.
Now that the government will remain funded until September(don't quote me on that), whatever happens as a result of the emergency declarations should have little effect on the markets.
The biggest concern is the negotiations between the US and China. Hopefully a trade truce can be met and we can get over this silly trade war that has plagued us for these last few years.