Author: Lenover, Jared

eMarketing Officer

Test

Posted January 9, 2020

Written by Samuel Buddy-Wiseman Barker & Steven Klos  Summary   Major North American Indices closed the week off with record highs after President Donald Trump officially signed “phase one” of the trade deal. Terms of the deal included a commitment from China to increase spending on manufactured goods, energy, agricultural products, and services totalling $200 billion over the next two years. The signing of the deal removes some uncertainty in the market however future trade issues will likely drive market volatility. The DJIA, S&P500, Nasdaq, and TSX are up 20.26%, 26.46%, 33.74%, and 14.6%, respectively, over the past twelve months. US housing starts accompanied by solid retail numbers sparked confidence in the economy, with housing starts up 17% in December to hit a thirteen-year high. Record-low unemployment and strong job growth are equipping consumers to drive the economy and ease worries of a possible recession. Technology, Telecom, and healthcare sectors led the gains, strongly supported by Alphabet Inc. who joined the trillion-dollar club on Friday. Energy, … Continue reading Test

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