Before the bell, analysts are looking at stock markets in Europe and Asia for clues on whether U.S. index indicators will rise again today.
What they’re seeing is a slight downtick in the UK, and relatively flat activity on French exchanges. The DAX in Germany gained .8%.
Now, traders are waiting with bated breath as they get ready to ring the bell for today’s trading session with U.S. stocks near all-time highs.
Historical chart data shows us that the high water marks of years past are only a tiny bit above where the S&P 500 and DJIA stand this very morning. It would only take a small rally, an additional little push, to hit those all-time highs and keep on going.
This has led a lot of experts to weigh in on how good the economy really is.
In some ways, everything seems to hinge on US/China trade talks which are set for the end of this month.
“White House Press Secretary Sarah Sanders said U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead the U.S. side in the talks beginning April 30,” reports AP writer Elaine Kurtenbach in U.S. News and World Report before the bell. “They are aimed at resolving a dispute over Beijing’s technology policies and other issues that has clouded the economic outlook and shaken financial markets.”
“High level trade talks between the United States and China will resume next week as the world’s top two economies move closer to a deal,” adds Daniel Shane at CNN.
Take a look as investors keep their fingers on the buttons this morning.
UPDATE: 10:10: As markets move into the morning, both the SP500 and DJIA are dipping. Keep an eye on values during the day and candlesticks during the week.