Bellevue Perspectives


Monday Minute

Pipe
  • Equity markets are once again trading at their all-time highs despite waffling trade negotiations, impeachment proceedings, and a global slow-down.  This weekend comments were made by a top U.S. official and Chinese state-backed tabloid that the two countries were close to an initial pact prior to year-end.  China continues to press for tariff rollbacks, which still may push a deal into 2020.  A Santa Claus rally may also be in play as the calendar turns to December next week.   A rally may bring in the $3.4T of cash that investors have socked away for a rainy day.  FOMO (fear of missing out) is real.  https://www.reuters.com/article/us-usa-stocks/sp-500-nasdaq-hit-new-highs-as-chips-rally-on-trade-optimism-idUSKBN1XZ1GR

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