New Zealand PM Ardern announces UK trade deal
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
news.yahoo.comThe stock market election indicator should be good for Trump, but this year could be an exception
But strategists say the so-called stock market indicator may not be working for President Donald Trump, and it looks like the market is betting on a win by Joe Biden. "You could say the market is discounting that Trump is going to lose," said Daniel Clifton, Strategas Research head of policy research. "Normally, the S&P predicts the presidential election, but that's usually confirmed by the election portfolio." Clifton said a portfolio of stocks that should do well during a Biden presidency have been outperforming Trump stocks. Stovall said those two election periods were affected by geopolitical disruptors, and this year the market is already pricing in some of Biden's policies.
cnbc.comHistory says the surprising S&P 500 stocks that led market to record, and the Dow, have room to run
The market is hyper-focused on the group of big tech stocks that now dominate the S&P 500, especially as Apple recently eclipsed the $2 trillion valuation mark and these technology companies come to represent as much as 20% of the index. But it was not the tech sector which posted the biggest returns as the market was running towards its new all-time record level notched last week. The S&P 500 Industrials led all sectors higher in the month of trading ended August 14, gaining well over 10%, and doubling the gain in the broad S&P 500 Index. According to recent market history, the rally could continue, benefitting not just the old-school, blue-chip stocks in the industrials sector, but the broader market and Dow Jones Industrial Average. Zoom In Icon Arrows pointing outwards Over the past decade, after a big run in the S&P 500 industrials sector, the gains tend to continue for a month.
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