The bears were left grumbling this week as stocks rose with good economic news from China and a solid U.S. jobs report.
Brexit is not the only big issue getting kicked down the road lately.
The price action is quite good.
With any China deal, there must be a clear and verifiable method of enforcing compliance.
The economy has slowed from its mid-2018 pace, but it is now stable at this slower pace.
Both U.S. and Chinese economic data is coming in stronger than expected, which will help support this rally.
Portfolio managers care more about Chinese expansion than they do Chinese trade talks.
It seems the bond market has taken a very pessimistic stance on any recovery happening.
With both the Fed and PBC providing cheap capital, the market has a wind at its back.
I am taking profits on energy names on WTI's 32% quarterly gain.