FYI: The stock market received some boosts last week from two events in the news another. First, on Tuesday it was reported that President Trump and China's President Xi will have a meeting at the G-20, which begins on June 28. Buying continued on Wednesday, with investors satisfied by the FOMC's announcement signaling their willingness to lower rates.
The stock market decline in May had accelerated over Tweet-induced fears that the trade fight with China was getting worse, not better. Since Fed Chair Powell expressed his concerns in early June, there have been signs of bullish enthusiasm due to investor’s belief that stocks can’t go lower as long as rates are declining.
Regards,
Ted
https://www.forbes.com/sites/tomaspray/2019/06/23/lower-rates-arent-always-the-answer/#3c8252866767
