Sunday, November 3, 2019

It’s getting to be the best time of year for stocks, and the Dow could soon set a new high

The S&P 500 & Nasdaq both traded at record highs this past week because of better economic news, a better-than-expected earnings season, and hopes that trade talks will soon resolve the trade war with China. Many analysts are saying that stocks could keep setting record highs because of these trade talks with China. November is usually a good month for stocks, but December is the number one month. 76% of companies also beat expected earnings, which was definitely a main catalyst for the performance of the stock market. What is your take on this? Do you think these analysts are correct?https://www.cnbc.com/2019/11/01/the-dow-could-soon-join-other-benchmarks-at-a-record-as-strong-november-seasonality-kicks-in.html

1 comment:

  1. I think the stocks will continue to grow until the new year. The decreasing tensions between the U.S and China will continue to help and if consumer confidence stays high it will help the stock market even more.

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