November 30, 2018

Trade Talk Optimism Gives A Boost To the Markets

The equities markets had a slightly bullish inclination today. The healthcare ETF XLV was up +0.7% a the time this content was created, whereas the biotech ETF IBB was up about +0.96%. The primary reason for the overall rise in the markets is likely the possibility of progress on trade negotiations between the United States and China. Presidents Xi and Trump will meet during the G-20 to discuss trade, and President Trump has signaled some positive thoughts on the likelihood of a deal while simultaneously stating he is perfectly comfortable leaving things as they are if nothing he agrees with is offered. Here’s a recap of what happened.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr give their thoughts on why certain stock market sectors are staying resilient amid the FOMC fallout, and […]

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Every week, the coaches at Prosper Trading Academy offer their insight on some of the most challenging questions covering recent stock market developments, trading tips, and relevant news stories. This week, Scott Bauer, Charlie Moon, and Mike Shorr cover this week’s CPI report and other future events that could impact the market, along with ways […]

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