News of the pending approval of the USMCA trade deal has been somewhat eclipsed by news of the signing of the Phase 1 China trade deal. However, the reality is that the USMCA deal has larger implications than the China deal, since we do a lot more trade with Canda and Mexico than with China. One sector affected by the deal is the U.S. steel industry, because the...
The bullish signals in my mind include: 1) Today's surge through resistance 2) The Fed keeping the rates the same from yesterdays meeting 3) Strong recent jobs report 4) USMCA trade agreement announced. Even though our politicians are mud slinging and financially irresponsible children, they managed to help the American worker and economy for once this year. I...