Surprise! US stocks rallying to records again last week, (like the previous week’s cautious mood didn’t even happen!) So much excitement (drama?) in store for investors with the Trump admin. So we can say the tide of sentiment has changed, a bit, not fully optimistic since Trump is churning out policy after policy (via Twitter!). Like what I said the other post, the upside moves possible could be from their campaign promise of tax reform and Trump must have taken my cue, coming up with the statement of “phenomenal” tax reform to come out in a “few weeks”, so some positive sentiment is here. I just noted that the two days that the “phenomenal tax reform” was still in the air, the Indices rallied but the component stocks are not the same as the rallies of old. Banks didn’t move as much, the same with tech (AAPL, MSFT, FB titans not moving much), so just to qualify the rally last week, the indices were pushed by select industries, so I’d stay away from those that have high valuations already and stick to the ones with growth, low-valuation and preferably in favorable position in Trump’s agenda.
By the way, our girl at the Fed is testifying this week, I’ve been skimming news articles saying that like what they said (or didn’t say!) in their last meeting — there is no commitment when or any timeframe for that rate rise people are told to expect, it might still be in the cards in March. Inflation and Retail Sales readings are also out this week, so if they are both up, those are good news right? It is certainly the kind of news I’d like to hear — people are spending and buying goods that companies make that can continue employing people, and that’s a good thing. Last week, UK parliament pushed that Brexit is happening (so much so that a potential France Exit or “Frexit” is not so scary anymore), Japan data came out with “moderate growth” (that is so big for deflation-plagued Japan). So by all indications, we are positive for some more rallies / record highs this year.
Monday is quiet on the economic news. Maybe there will be profit-taking ,,,with that North Korea missile event over the weekend,,,, and maybe thereafter positioning for the next few days … so keep watching. Below is a good video talking about gold, the global optimism.
So for those of you on the lookout for another income stream, consider trading on the US market using stocks and options. I spent roughly 2 hours (spread in 3) days to study the trade, monitor it lightly (with my system that I teach) and exit with profits. Of course, one has to learn to invest and so I am happy to offer my back-to-back workshops with specific and actionable ideas “Invest Right Foundation Workshop” and “US Investing Workshop”,,,, some of the topics include:
— Systems that generates profits (which you can adopt or customize)
— Avoiding the “Loss Trap”
— Investment Mindsets and Discipline
— Market Movers
— Developing your Edge (US Investing)
— Income Investing using Options (US Investing)
These will be in Manila on March 4. Email charmel@highheeledtraders.com to reserve your slot and avail of the Early Bird Rates!
Check out the details in this link!
Economic Calendar here :
https://www.bloomberg.com/markets/economic-calendar
Bloomberg video here :
https://www.bloomberg.com/news/articles/2017-02-12/asia-set-to-extend-global-equity-rally-yen-slides-markets-wrap
