Stock Market Update: Moving Up


As you know we were bullish for the Fed meeting yesterday. We also tweeted intraday yesterday that the market was trading nice and slow which is generally bullish.

One bullish takeway from the Fed statement was their removal of the word "uncertainty." We tweeted real-time that we thought that was a hint Fed Chair Powell got a whisper from President Trump that a deal was imminent.

We said yesterday, "I think we're revving up. The Fed getting rid of "uncertainties" could be a hint they know a trade deal is around the corner." That news of a phase one trade deal agreement came today. 

The market's looking very near term bullish based on the Fed's juicing the market with liquidity and the end of a trade war (for now).

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