When exactly will this market comeback show itself? Stoltzfus is forecasting that the first quarter should show some signs of the markets resuscitating itself from the pangs of 2018.
“That said, we do not expect a rally of great significance to emerge until sometime into the first quarter of 2019. We look for market risk to weigh on investor sentiment into the new year until catalysts for a rally of some material significance appear on the scene,” he added.
On Monday, the markets got a slight prop up with news that trade negotiations between the United States and China are progressing. A permanent trade deal between the two economic superpowers could certainly help set Stoltzfus’ forecast in motion.
Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!
— Donald J. Trump (@realDonaldTrump) December 29, 2018
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