Posted on 01/06/2020 10:56:16 AM PST by John W
Stocks rose slightly on Monday, recovering losses from earlier in the session as oil dipped despite rising geopolitical worries following last week’s U.S. killing of Iran’s top general.
Monday’s marginal gains were in contrast to Friday’s sharp decline. The Dow and S&P 500 had their worst trading day in a month on Friday, the morning after President Donald Trump approved a U.S. airstrike in Baghdad that killed top Iranian Gen. Qasem Soleimani.
“If you were looking for a reason to sell, you got one,” said Art Hogan, chief market strategist at National Securities. “But the fundamental backdrop hasn’t changed in front of our eyes.”
“The market has done exactly what it should do,” he added.
(Excerpt) Read more at cnbc.com ...
It would seem for the market, the key phrase is “In Trump we trust”...
The media made sure we knew that it went down. They will ignore this.
Turned nicely positive by the end of the day.
There was a little pucker Friday, my tiny portfolio went up about a percent today, is up about ten percent since the second week of December. Be sure to vote for a return to higher taxes and more nanny-statism in November! /s
I was surprised it dropped as little as it did - it’s getting close to where it had been and oil is beginning to dip...hardly even a blip....President Trump is a steadying hand on the tiller...makes people feel safe....the Dems hate that.
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