Monday 1 October 2018

Q4 starts positive

US equity indexes closed rather mixed, sp +10pts (0.3%) at 2924. Dow +0.7% at 26652. The two leaders - Trans/R2K, settled +0.3% and -1.4% respectively. Near term outlook offers cooling to 2911/05, and then new historic highs ahead of earnings season.




October and Q4 began on a positive note, helped by news of US/Canada trade agreement, and a secondary announcement of NAFTA being terminated and replaced with USMCA.

Trump with provisional trade agreements
Of course, the bigger issue is whether the Trump administration can come to an agreement with China. I believe it can.. and I'd look for something to be announced next month, after the midterms (Nov'6th) are out of the way.


Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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