Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

Market Wrap For November 30th: Welcome To The Powell Put

News

Market Wrap For November 30: Welcome to the Powell Put

Aaron Levitt Nov 30, 2018


After a dour holiday and shortened trading week, investors were ready to buy stocks during this week’s trading sessions. Stocks spent much of the week riding high as several key issues seemed to have been resolved.

For starters, trade has continued to dominate the headlines. But with a breakthrough on the Chinese-U.S. front, one of the market’s major risks could be finally ending. The same could be said for rising interest rates. Comments by Fed Chair Jerome Powell indicated that the Fed may be be turning dovish with its pace of rate hikes. These events alone made investors incredibly bullish this week.

Adding fuel to the equity fire was generally bullish data showing that the economy was still cooking.

Topping it off was light yet positive earnings reported by a series of stocks. Guidance remains a key sticking point, and this week, investors were pleased with the outlooks. All in all, better earnings, a Powell put and the trade discussion breakthrough managed to keep stocks rising.

Be sure to check out our previous week’s Wrap here, when the holidays brought more pain to portfolios.

To read the Full Story, Go Premium or Log in

Popular Articles