I agree. I think it will surely help for the upside to eliminate trade tensions but with the market being on edge for sometime and all the good news even failing to push the market higher recently. I think the market are just generally dubious with the long bull market and the likely earnings stabilization for 2019 and forward pricing in a potential recession. Further news like the trade dispute resolution may just cushion over reverse the current downtrend and with Trumps stubborness. Take a bit longer to achieve.
Dow plopped its second leg in the mud with a 650 drop hitting the bear zone on Monday. Worst week since the GFC. Now I think people may just get caught in sentiment.
However I dont see it going too far and when the earning season comes through next year the lowered market evaluation should hopefully bring the fundemental buyers back in and start another rally. But that could well fall away again and my crystal ball is bust. Interesting times watching these shares getting juicer by the day though.
GGG Price at posting:
6.0¢ Sentiment: Hold Disclosure: Not Held