This morning, the US Markets will open at all-time highs.
Interest rates are low and going lower (rate cut at S&P 3,000 dead ahead), nobody in Washington has the will or power to break up Facebook or Google and while the tariffs are a tax on everyone, the wealthy and the corporations got a tax cut that will offset stress on most S&P 500 companies at least for now.
As always, Ivanhoff and I went through the markets to look for momentum. You can watch or listen here.
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.
Have a great week.