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Market View

 

  • Trade war fear set aside by comment from U.S. Treasury Secretary

  • More new rally highs in several market indices

  • 2018 S&P 500 earnings estimate rises again

May 21, 2018

Stepping Back from the Brink

After the S&P 500 reached 2742.10 last Monday, the stock market wrestled with higher interest rates, geopolitical issues and trade news. As this week began, however, trade worries were set aside quickly.

Over the weekend, U.S. Treasury Secretary Steve Mnuchin said that China and the United States dropped their threat of tariffs and agreed to “substantially reduce” trade imbalances while the two countries will work on a broad trade agreement.

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