Finance

Stocks are expected to break out to new highs, barring any errant presidential trade tweets

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The stock market is itching to make new highs, and it may soon, as long as progress continues to appear to be made on the trade war front.

Technical market analysts, who watch stock charts, see an opportunity for stocks to break above previous highs, after the S&P 500 rose above its 50-day moving average last week and crossed above August highs, two signals of positive momentum.

For fundamental analysts, there are other positives in place for stocks, including a possible bottom in interest rates, central bank easing and a pick up in some economic data.

But the one wild card is the trade war, which appears to be making progress with talks planned for October between U.S. and Chinese…



Source cnbc.com

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