The phase one trade agreement was mostly in line with expectations
Commenting on today’s trading in which the trade agreement with China was the most notable item, Gorilla Trades strategist Ken Berman said:
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The Nasdaq struggled to stay in the green for the second day in a row, despite leading the way higher in recent months, but the tech benchmark’s slight dip still doesn’t qualify even as a pullback. Traders had plenty of catalysts to digest today, from the trade deal to the promised tax cuts, and while stocks ended with only minuscule gains, the tech sector’s relative weakness might be the first sign of a looming correction.
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