Trade Headlines: China d.c and Auto Tariffs

trade headlines: SPX SPY Callum Thomas Callum Thomas February 16, 2019 Can the bulls keep it up Sour news on retail sales, which some brushed aside as an aberration, was a blip in a strong week, according to Market Watch. All the more reason to pay attention to Walmart's strong earnings this morning, which may reassure those worried about a consumer-led recession. After a brief national emergency where the S&P500 failed to break the 200dma, it managed to close above; now 2800 is in focus. And trade headlines may have something to say about further gains for stocks as Europe threatens to mix it up over potential U.S. auto tariffs see buzz below and China and D.C. negotiators sit down in Washington to pick up where Beijing left off last week. Beginning with the December 24th bottom in the S&P 500 at 2,346, the narrative has been that the global economy is slowing, the Fed is becoming more dovish, and a trade deal between the United States and China is imminent, which all contributed to the index rallying 430 points from the Dec. 24 low at 2,346, said Kobeissi. Our call of the day from Adam Kobeissi, founder and editor in chief of The Kobeissi Letter, sees some near-term dark clouds gathering around the S&P 500, and judging by soggy action in premarket, he may be onto something. (news.financializer.com). As reported in the news.