AUTHOR: TOWNE SCHERER.COM/BLOG12/11/2019: TowneScherer Private Wealth Management BLOG:
Where Markets are Trending
According to Dorsey Wright’s Dali System, this is where markets are currently trending with their scores as reported by Dorsey Wright 12/4/2019.
1-Technology 230
2-Large-Cap Growth 177
3-Industrial 167
4-Mid-Cap Growth 151
5-Small-Cap Growth 150
Further, International Equities, Fixed Income, Commodities, cash and currencies continue to trail Domestic Equities in trend.
The Impending Tariff 12/15 Deadline…Well Maybe???
If a trade deal is not completed by 12/15/2019 with China, 156 billion in tariffs are scheduled to hit Chinese products, reports CNBC, 12/6/2019. A Labor Department Report on 12/6/2019, showing an unemployment report at its lowest since 1969 suggests that a current trade deal may push into 2020. So far the markets are holding up on such speculation. But, as they say, the proof is in the Christmas pudding.
News Flash: Tariffs to be imposed on December 15, 2019….may be postponed, according to a report by Reuters, 12/10/2012. So….there is a Santa Clause!!!