Stock Market News: Stock Market Review, May 6th, 2019
Trump did it again…
Last week market were up, and everything is pointing to a smooth rally ahead.
The job report was good, and the unemployment rate is at low.
However, Trump surprised everyone again on Sunday.
Last week pick updates
Our Pick for 29 April 2019
- V, long
- SBUX, long
V, it went up on Monday & Tuesday, but retraced on wed. It is a breakeven case.
SBUX, it is a minor green, we shall record as breakeven as well.
Trump tweeted on Sunday that US will impose tariff as soon as this coming Friday, as he is disappointed with the trade deal discussion.
China immediately responded with preparation to walk away from the talk.
This week are likely going to be turbulent, and it is probably good to wait for the storm to settle.
Our pick for 6th May 2019
- No pick
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Till next week,