Market Commentary

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Markets are rising above old highs; so, are we in the clear for another leg up in the stock market?

The Fed said they were going to pause, the partial trade deal with China looks on track and valuations of stocks are high. The prudent investor would suggest that all that good news is built into today’s stock prices so what is the next thing that will drive the market?

A final solution to the China trade conflict would do it. President Trump made market participants happy with the partial deal and especially his base in the Midwest where the farmers are the primary beneficiaries. He is focused on his re-election and will do a complete deal with China to try and insure his re-election so yes, we may have the horses to keep the market running. That does not mean it won’t have a correction but basically things are looking up.

Then again we will need the central banks to keep pushing money into the system.

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