03.11.19 • +1.47%
Near term factors:
Retail sales rebound
China exports surge
Long term factors:
Federal Reserve economic outlook
After a bit of time since our last 1% move we seem to have some action again. The market popped on the reassurance from Fed Chairman Powell featured on CBS 60 Minutes last night. This rare interview went very well as investors saw no surprises. The Dow was lagging slightly in the morning due to Boeing opening down near 10%. Their new 737 max had another fatal crash yesterday following the LionAir crash just a few short months ago. This tragedy has added to worries on future orders of the plane and hinders investors outlook as they still have over 4000 backordered from airlines around the world.
As the S&P held key technical levels we look to head higher. With more than half of March left we could still see new highs.
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