Hi, today we are going to talk about SPY and its current landscape.
Despite the recent shaken over the "phase one" of the Trade Deal between the U.S and China, last weekend, the Vice Premier Liu He reinforced that the negotiations still going on and already made substantial progress in several aspects. These affirmations should feed the hope of the market in the stability and progress of the deal. Another prominent factor for the markets has been the earning season, and this week, its influence should reach a higher level as heavyweights companies like Amazon and Microsoft are going to report their earnings.
We have another quiet economic data week ahead, so beyond the aspects, we already address above, the other fact that it's worthy of keeping an eye out for its the Boeing crisis. Where the company tangles with the FAA, over the 737 Max model involved in the Indonesia and Ethiopia catastrophes, new facts that have surge shows that Boeing employees already knew about the problems before the accidents. So new developments over this matter may shake the indexes again.
Thank you for reading and leave your comments if you like.
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Trump just re-enforced the deal today also. Does that change anything for you? It seems like China is really wanting to do a deal with the U.S. to show a better view for the Chinese investors while the Hong Kong events are unfolding.
Igor-Silva
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@Understanding789,
Both sides are buying time, while Trump wants to show some victory for its electors (especially the farmers), China wants to see the landscape of another side of the election, and maybe get a softer deal from another president. The "phase one" deal isn't a meaningful one for the key problems that triggered the trade war (IP, trade deficit, etc.). China also gets a chance to stop more bad moves against its major companies, that have been hit with blacklisting and tariffs by Trump administration. The Hong Kong events, shouldn't affect this deal unless the Hong Kong Human Rights and Democracy Act of 2019 get approved, which may break the deal apart. Until any significant change occurs, these statements of how the deal its in progress combined with positive earnings reports may still driving the market to unreasonable levels.
Thank you for your comment!
daweizhang0202
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is there a stop loss?
DaddySawbucks
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I reckon it might just close the AM gap and bounce higher...