UCO - Here Comes The Chinese Trade Deal
As the positive headlines on the Chinese trade front multiply, we have seen stock market action in January that is exactly the opposite of what we saw in December: We’re now seeing relentless buying with every dip. I think it would be hilarious if the S&P 500 ends January near 2,800, which is where it started in December. (For those keeping track, the intra-day Christmas low was 2,346.56.)
The dark comedy here stems from the realization that there were a number of factors that were reinforcing each other in the fourth-quarter market decline, but none