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Stock impact report

Trade truce lands in stock market already rallying on dovish Fed [MSN Money]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: MSN Money
(Bloomberg) -- For investors convinced the stock market’s biggest burdens are a too-fast Federal Reserve and Donald Trump’s trade war, the last five days have brought a distinct lightening in the load. First there were dovish words on interest rates from Fed Chairman Jerome Powell that raised hopes a bottom might form around last month’s low in the S&P 500. Now bulls are getting excited about a promise by the U.S. president and Chinese President Xi Jinping to put a temporary halt on new tariffs. Whether it’s enough to spur lasting gains, time will tell. Investors face a medley of threats in late 2018 that go well beyond Powell and trade. Still, heading into the weekend summit, a rough consensus existed that even after the biggest weekly rally since 2011, stocks had not quite priced in a full-blown thawing in the tariff standoff. “This is certainly quite positive,” said Matt Maley, equity strategist at Miller Tabak. “We now have the two big issues pushed to the back burner, but Show less Read more
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