U.S. stocks rose again this week, with the S&P 500 Index gaining for the 10th week out of 11 and setting more record highs. Trade talks with China continued to move forward, buoying sentiment; the “phase one” trade pact between the United States and China is expected to be signed in January. Stocks were unaffected by impeachment proceedings in the U.S. House in what was a fairly slow week for macro-market-moving news. Stocks also may have benefited from seasonal tailwinds.
Economic data mostly exceeded expectations and continued to reflect steady economic growth. Homebuilder sentiment from the National Association... Read more