The U.S. stock market opened Monday morning to some early gains that were quickly erased after information leaked that details on a trade agreement between the U.S. and China were close. That being said, the S&P 500 did come close to a 5-month high early in the day before the regression. Much of what happens in the future of the stock market is dependent on the outcome of the pending trade deal with China. The self-imposed deadline of March 1st has come and gone but there is still optimism a deal may get done. In the midst of uncertainty in the stock market, we saw the dollar strengthen even further, thus continuing its incredible run. In addition to trade negotiations, look for the job report on Friday to move the market one way or another.
E-Mini S&P 500 Mar ’19 Daily Chart