Bellevue Perspectives

Monday Minute

  • Today the S&P 500 broke through resistance dating back to early summer to trade at new all-time highs.  With a combination of a potential trade deal with China, risks of a hard Brexit fading, a potential and expected rate cut by the Federal Reserve this week, and generally positive Q3 earnings, investors are feeling a little more optimistic about the near term prospects for equity prices.  Money is also shifting from bonds into stocks as we can see from a move higher in interest rates.  Longer term, risks still exist around the 2020 election, growing Government debt, and  long term relations with China.  In the interim however, we continue to take what the market gives us until the storyline changes.

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