October 11, 2019

"Stocks climbed Friday after the first day of high-level U.S.-China trade negotiations reportedly went better than expected..."

"The Dow Jones Industrial Average surged 321 points, or 1.21%, to 26,817. The S&P 500 advanced 1.17% and the Nasdaq climbed 1.29%. Donald Trump said he would meet Friday with China's Vice Premier Liu He. Their sit-down would mark a substantial improvement in U.S.-China relations since an ad-hoc agreement on trade and tariffs was reached and then abandoned during the June G-20 Summit in Japan."

The Street reports.

22 comments:

rehajm said...

‘Surprisingly’ markets react strongly to Trump policies.

Even the minor trade deal that’s being signaled is bad news for anyone wishing for recession.

Nonapod said...

As always, "The Market" seems to have the moment-to-moment attention span of a 4 year old hoped up on pop rocks and fun dip. As for a favorable deal, I'm more optimistic than some but I'll believe it when I see it.

traditionalguy said...

FED hardest hit. The Great Depression of 2019 has flopped no matter how hard that foreign owned Bank tried to crash the stock market pre-election.

Michael K said...

Maybe somebody knows something.

wendybar said...

WINNING!!

Birkel said...

The walls are closing in??

rehajm said...

Europe is waking up from its deep slumber too. US media is going to have to work on that, too

Skylark said...

Romney may be a member of the Kleptocratic Koalition but when he’s right, he’s right.

Skylark said...

Trump is just boosting the economy out of selfish motives in a pathetic attempt to get re-elected. It’s abuse of power.

Jerry said...

Looks at 401k.

Smiles.

William said...

The market will fluctuate. Somewhere a black swan is moulting and when the chickens come home to roost, they will cook Trump's goose.

Drago said...

ARM will be comatose by the end of the day.

Limited blogger said...

Suddenly the 'Trade War' is over?

Bloomberg, CNBC and FOX business hammered us for a year that we were in some chaotic war.

All along Trump was working for America, and the fruits of his labors may be near.

You'd think the business channels would at least try to present some facts and data, not just hyperbole.

mockturtle said...

China has been in an economic recession for at least a decade. They will play ball.

narciso said...

and they've lost half their pork output, on top of that, devaluation has been brutal

Yancey Ward said...

Trump is doing what he thinks is necessary to help the Mainstreet economy, not the Wall Street one. I think his approach might be the right one, but time will tell.

traditionalguy said...

The Free Hong Kong grassroots demonstrations are probably why the ChiComs are dialing down their our way or the highway approach. They count on the West Coast Chinese owned political powers to take down Trump using a Fifth Column action. The speech last night just reduced Pelosi's Impeachment Charade effectiveness. The Maoists are regrouping for a better time...maybe after a nutcase loner gets a clear shot.

rehajm said...

Trump was noting the level of agricultural products the agreement China has committed to purchase. Any if those swing states grow soybeans?

RobinGoodfellow said...

“Unexpectedly!”

Paul said...

What this does is make China dependent on our FOOD. With over a billion people that makes them very vulnerable to us if something like a war breaks out.

I only wish China would stop poisoning our medications they produce over there!!!

Anyway, maybe now we will have a handle on China's aggressiveness in the Pacific (and make a buck in the bargain.)

But what does this really mean? AOC says the world will end in 12 years and Al Gore replied to her that he had been saying that for 30 years but no one would listen! Looks like we are gonna die anyway.. but at least my IRA is doing very well.

bagoh20 said...

Nobody, and I mean absolutley nobody would have predicted such a strong economy at this point, and especially in the middle of a trade war. Unemployment in the 3 percent range, and lots of blue collar jobs paying as much a college without the debt. Great opportunities for Americans of all races and classes. It's morning again in America, and the dragon is being put on a diet. Imagine the economy without a trade war. That might even make me tired of winning as promised. Promises made - promises kept.

Michael K said...

The Free Hong Kong grassroots demonstrations are probably why the ChiComs are dialing down their our way or the highway approach.

No, they've been watching Democrat debates. Better get a deal before he is re-elected.