Stocks Up To Start The WeekPosted 08/19/2019 10:25AM CT |
Traders woke up to a pleasant sight Monday morning as stocks were up across the boards. The S&P 500 saw a 1.2% jump, while the Dow Jones and Nasdaq rose 1.2% and 1.5% respectively. Monday’s spike adds to the rally we saw at the end of last week where all 3 exchanged rose over 1.2% after some abysmal losses earlier in the week.
The fuel to this recent rally can most likely be attributed to President Trumps positive comments on trade talks, coupled with China lowering its borrowing cost for companies. Furthermore, after the yield curve inversion last week that scared everybody and their mother, President Trump and several White House advisors predicted the inversion was nothing more than a little hiccup and to expect a strong performance out of the U.S. economy the rest of the back half of 2019 and well into 2020. While President Trump’s current comments certainly sound confident, he does occasionally have a tendency of speaking hyperbolically, so the future of the economy and what happens with the yield curve will remain to be seen.