Remember Buy On The Rumor, Sell On The News
National Economic Council Director Larry Kudlow put gas on the equity fire today with comments on the possible conclusion of phase one of the trade deal with China.
Kudlow declared that a deal between the two nations was approaching, highlighting constructive discussions with Beijing, reported CNBC.
Retail sales increased 0.3% in October vs consensus estimate of 0.2%.
We are watching a relentless rise for the equity markets in the face of a possible end to a portion of the tariffs mutually imposed by Washington and Beijing.
Traders should remember the old saying, “Buy on the rumor, sell on the news.”