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Prediction: Trump's China and U.K. Trade Deals Won't Set the Stage for a Lasting Stock Market Rally
Last week, the White House announced what it called a "historic trade deal" with the United Kingdom. The S&P 500 (SNPINDEX: ^GSPC) closed higher on the news, but by only 0.6%. However, the Trump administration announced another trade deal on Monday with China. This time, the S&P 500 jumped nearly 3% -- a much more encouraging gain. Investors shouldn't pop the corks on the champagne and begin singing "Happy Days Are Here Again" just yet, though. I predict that Trump's China and U.K. trade deals won't set the stage for a lasting stock market rally.Image source: White House Official Photo by Shealah Craighead.Continue reading
Last week, the White House announced what it called a "historic trade deal" with the United Kingdom. The S&P 500 (SNPINDEX: ^GSPC) closed higher on the news, but by only 0.6%. However, the Trump administration announced another trade deal on Monday with China. This time, the S&P 500 jumped nearly 3% -- a much more encouraging gain.
Investors shouldn't pop the corks on the champagne and begin singing "Happy Days Are Here Again" just yet, though. I predict that Trump's China and U.K. trade deals won't set the stage for a lasting stock market rally.
Image source: White House Official Photo by Shealah Craighead.
