Stock Market: Two Events Today Prelude To A Bull Run
The two events in such close proximity could mean both the US and China are quickly negotiating behind the scenes to strike a trade deal. That has implications for next week.
June 12th US North Korea Summit
A meeting between the US and North Korean leaders is scheduled for Tuesday. China and the US both have security and economic interests in the meeting. Showing solidarity ahead of this meeting could pressure North Korea to drop nuclear plans and open up its markets.
That would benefit China and the Asian economy as a whole.
So taking these two seemingly separate events together (ZTE and Qualcomm) could hint to a building US-China trade truce.
The Berlin Wall fell in 1989 which was one step ahead of a big bull run in the 1990s.
The same can happen if a North Korean truce deal is struck.
Tech Already Leading
The NASDAQ recently broke out to new highs. Tech would be the biggest beneficiary but most sectors would benefit. An opening up of Asian trade channels along with a potential US-China trade deal would be bullish all-around.
Bullish news today hints to more bullish events next week.
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