The Gilmo Report

December 15, 2019

December 14, 2019

Once the Fed meeting was over and done with on Wednesday, the news flow became all China all the time. On Thursday, an alleged trade deal was announced by the Trump Administration, but the terms were vague, and the Chinese did not rush to confirm anything until they held a press conference Friday morning.

Nevertheless, that sent the major market indexes to new highs on heavy volume. The NASDAQ Composite Index was the laggard among the Big-Three market indexes, throwing up a 0.73% gain against the S&P’s 0.86% and the Dow’s 0.79%. When all the news was out on Friday, however, the market hesitated on slightly lighter, but still above-average volume.

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