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Can't fight that feeling. Stocks traded to new highs yesterday as traders gave the Phase One deal an encore. The Eurozone applauded along with their American cousins finding new highs as well.

At long last! Stocks posted modest gains on Friday after both the US and China announced that they have agreed on a Phase One trade deal… kind of. The session was fraught with conflicting and ambiguous news reports, mixed signals, press conferences, and Tweets causing stocks to fluctuate.

Santa Claus is coming to town! Stocks surged to new highs yesterday as the Administration announced that it had reached a tentative agreement with China on the Phase One deal. No details on the yet to be signed deal wasn’t enough to slow down the advance in equities.

Merrily floating along. Stocks closed moderately higher yesterday as the Fed did nothing… as expected. Inflation ticked up slightly, but the central bank says: “meh”.

Sweet n’ sour. Equities slipped slightly yesterday as investors assessed Congressional approval of the USMCA trade agreement within minutes of announcing articles of impeachment. Conflicting information on the Phase One trade deal put stocks on a bumpy road in the session.

Wait, what? Stocks slumped yesterday as investors remembered that new tariffs could be just a week away. In the wake of last Friday’s blowout numbers, reality began to set in.