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Market Roars Over China Trade Progress And Optimism Trump Will Prevail Over Fake Impeachment, Positive Housing Data

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Marcus Quigmire

Markets roared today as pressure from the trade war with China eased over the announced completion of the ‘phase one’ trade deal, and optimism that U.S. President Donald Trump will overcome Deep State attempts to remove him with a fake impeachment.

Congressman Jeff Van Drew of New Jersey switched to the Republican Party over the weekend due to the impeachment sham. Other vulnerable Democratic congressman said they would vote against removing the president.

Equities were up approximately one percent in the U.S. at the day’s high.

Housing data also came in strong as the NAHB Housing Market Index (Dec) printed at 76 vs 70 consensus estimate.

Market Manufacturing PMI (Dec) printed at estimate 52.5.

Market Services PMI (Dec) printed at 52.2 vs 51.9 consensus estimate.

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