Trump’s Debt Stand-off
At the time of the previous article we said that we thought that the S&P500 index had found some support at its “triple bottom” at 2632 – we were wrong. Consider the chart:
S&P500 Index August to December 2018 - Chart by ShareFriend Pro
The triple bottom
S&P500 Support
Investors have been nervously watching the progress of Wall Street against the background of mounting allegations against Donald Trump and senior members of his staff, and the “trade war” which he has instigated against China. At the same time, investors are also concerned that the continuing strength of the US economy will result in a more rapid increase in interest rates going forward. The effect of this nervousness