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[Chart courtesy of MarketWatch.com] Moving the markets It’s amazing what little it takes to send the computer algos on a bullish run and in the process pushing the major indexes into record territory. Trump’s announcement that “a big deal” with China is “getting very close” and “they want it, and so do we” were the magic words that ramped equities …

[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed left interest rates on hold but indicated that they have no plans for any changes through the end of 2020. In fact, the assessment of the economy was more upbeat, which caused market sentiment to remain cautious. Powell reiterated that the “current stance of monetary policy is appropriate” to …

[Chart courtesy of MarketWatch.com] Moving the markets Bobbing and weaving best describes today’s session with the major indexes being stuck in a sideways pattern after rebounding from an early dip. The latest news from the US-China trade debacle points to some progress in that trade negotiators are “laying the groundwork for a delay” of the new 15% import tariffs scheduled …

[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts, the bulls were not able to sustain Friday’s upward momentum, and the major indexes pulled back to close moderately in the red, but the dive into the close could be cause for concern.   Trade negotiations were in focus again ahead of the looming deadline on US-China tariffs, along with …