Monday Millionaire Briefing: Good News from the G20 Summit
Editor’s Note: I’m now reserving the full notes from my weekly planning call for 10-Minute Millionaire Insiders. To learn how to get “on the Inside,” and get additional trade recommendations, go here.
- The One Big Question: Can the market sustain the tariff truce rally? Presidents Trump and Xi announced a trade truce at the G20 summit in Buenos Aires. It doesn’t solve all (or even many) of the problems posed by the tariffs that have been proposed, but it does show a willingness to negotiate. President Trump agreed to postpone new tariffs (set to go into effect in January) by 90 days and President Xi committed to buy a “not yet agreed upon” amount of U.S. goods – other issues including making Fentanyl a controlled substance in China were included in the discussion. Markets soared higher at the open but are drifting down as I write this. How well the markets sustain and build upon these gains over the next two days will be key in understanding trader sentiment. Wednesday will not give us new U.S. stock market data because…
- U.S. Stock markets will be closed Wednesday 12/5: The New York Stock Exchange issued this statement from NYSE president Stacey Cunningham: “We remember President Bush admiringly as a veteran who fought totalitarianism, a statesman who advocated for freedom, a leader who served his country, and an unabashedly dedicated family man.” Cunningham continued, “He will be remembered for his decades of service to the nation and the world, and it is appropriate that the New York Stock Exchange closes on Wednesday, the National Day of Mourning, to honor President Bush’s enduring legacy.” I don’t think I’ll endeavor to add to that.
In addition, I’ve also got my eye on a crucial earnings report coming out this week. The results of the report could foretell the performance of several big-name retailers. To learn more, Insiders can click here.
To see the rest of the Monday Millionaire Briefing, 10-Minute Millionaire Insider subscribers can read on here.
One more thing…
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Great Trading and God bless you,
D.R. Barton, Jr.