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Home / Business / The S & P 500 could be a "decent day of profits" away from an "outbreak".

The S & P 500 could be a "decent day of profits" away from an "outbreak".



Dow's 237-point lead on Tuesday could be called a triple Johnson rally – as a result (by Johnson & Johnson)

JNJ, + 1.62%

and report on Brexit Progress (Boris) cheered the dealers.

Peter Schultz, author of the Winning Secret newsletter, looked at the market's movements and said that this was the case to be bullish.




He says when the 3020's stand on the S & P 500

SPX, + 1.00%

has broken up – "a decent day of gains" – the index would confirm the breakout (if prices go through a resistance zone). The S & P 500 closed on Tuesday at 2,995.68.

Due to the progress in China (USA) he is optimistic. Trade talks and the expectation of a third interest rate cut by the Fed at the end of the month. Given the low earnings expectations, the market could experience some positive surprises, he adds.

The Enthusiasm

Beijing threatened to retaliate against Hong Kong protesters while Hong Kong's democracy-minded legislators cursed Carrie Lam.

The Brexit Barometer looked less good Bloomberg News was optimistic and cited the sources of the European Union as saying that a deal was "impossible" without movement from Britain. Bank of America

BAC, + 2.02%

reported earnings for the third quarter that exceeded forecasts. After trading Netflix

NFLX, -0.45%

and IBM

IBM, + 0.68%

will report results.

Technical data

TECD, + 1.69%

rose as the Financial Post reported that Apollo Global Management turned to the IT equipment vendor for an offer for nearly $ 5 billion. Book collection of economic anecdotes released on the Afternoon appear.

Sen. Elizabeth Warren was the pinata during the Democratic presidential debate on Tuesday night. Warren's rise in polls has hurt some sectors, notably health insurers.

The markets

USA. Stock Futures

ES00, -0.19%

YM00, -0.16%

NQ00, -0.26%

were weaker Wednesday morning and bond yields

TMUBMUSD10Y, -1.87%

.

Asian Stocks

ADOW, + 0.72%

closed higher, while European stocks

SXXP, -0.03%

sagged.

The Chart




If one of the twelve Democrats who were in the debate phase on Tuesday evening enters the Oval Office next year, the issue of carbon taxes is likely to be back on the agenda. According to this fascinating diagram of BNP Paribas, this would be necessary to make the US more environmentally productive. Not only do the US have low carbon taxes (think the super cheap gas compared to the rest of the world), but they are among the least productive in terms of carbon productivity, defined as emissions per unit of GDP produced.

Occasional Readings

A family waiting nine years for the end of time was discovered by the police.

Identical twin sisters have provided identical twin girls to Trump since 1988.

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