Last Week Recap

Last week the global stock market staged a remarkable rebound as news of the US and China coming to a trade agreement helped to lift sentiments. US President Donald Trump has asked his key officials to start drafting potential terms to reach a trade agreement with China. President Trump tweeted that he and China President Xi Jinping had a “long and very good conversation”, they discussed on “many subjects, with a heavy emphasis on trade”.

The S&P 500, Dow Jones and the Nasdaq composite all posted solid gains of more than 2% for the week. As mentioned in our post last week, volatility is now a norm in the markets. The S&P 500 fell on Monday and then rallied more than 1% for the next 3 days consecutively. With the US economy posting healthy figures last week, we still believe this bull has legs to run and we …