Stock Market News: Stock Market Review, Dec 16th, 2019
We have a Deal!!
Last week, market was again flip-flopping on a trade deal.
Market cheers when Trump says a deal is closed, and with some details leaked out market cheers.
But, when Trump says the details were wrong, market tanked….creating turmoil.
On Friday, the deal is finally confirmed by both sides, but details were not that cheering.
Last week pick updates
Our Pick for 9th Dec 2019
- INTU, long
- INTU, the position hit our StopLoss on Wed, with the market volatility.
For now, market remains uncertain but bias up.
The Phase One deal in principle fulfilled both US & China requirements. That is the purchase of agriculture products and roll back in the tariff.
But, the details of Agri’s purchase are not clear, and the rollback is lower than expected.
We do not know if market would cheer, but this is a good development with the gesture of at least cease-fire for now.
We are biased up still, but cautious.
Our pick for 16th Dec 2019
- MSFT, long
For those who are interested to join our daily comment and pick recommendation, pls like our facebook page to get more info.
Till next week,