Knight Bridge Investment Consultants Limited – US Markets Reach Record Highs

HONG KONG - Sept. 20, 2018 - PRLog -- The benchmark S&P 500 also hit a record high, closing at 2,930.75, though the S&P had snapped its record-less streak back in August. "S&P 500 HITS ALL-TIME HIGH Congratulations USA!," President Donald Trump said in a tweet on Thursday.

The Nasdaq also closed higher on Thursday, rising just less than 1% to close above 8,000, but short of a record close.

Thursday's record came during a week when the Trump administration has outlined its plans to increase tariffs on Chinese imports with reports suggesting Beijing will look to lower duties on imports.

The potential de-escalation of trade tensions by the Chinese government — coupled with investors' general tendency to fade any increase in trade tensions and the relative outperformance of the U.S. equity market against international peers — all combine to set markets up for the kind of positive action we've seen this week.

"The US equity market has had a solid September so far with the S&P 500 up more than 1%," said KBICL in a note on Thursday.

"And these gains have come amidst what we deem to be healthy rotation… the index ETFs that are up the most in 2018 are actually struggling this month, while we've seen rallies in areas that had been underperforming on the year.

"The ability for the stock market to continue rallying as leadership rotates represents bullish underlying ebb and flow that ultimately puts the major indices on even firmer footing heading into the home stretch of the year."

A relatively narrow leadership group for the market is not a problem and not abnormal. And rotation among sector leadership groups ought to be even more useful in hammering home that while some stocks have accounted for an outsized portion of the market's gains, there is clear bullish trend intact for the U.S. stock market.

On Friday, investors will face a fairly light schedule with only the preliminary readings on manufacturing and services-sector activity from Markit Economics due out on the economic data side while no members of the S&P 500 will be reporting results.

The US markets continue to remain positive despite the issues between the US and China, with volatility leveling out over the past few weeks the remainder of 2018 looks set to be positive for investors.

To find out more information on the opportunities Knight Bridge Investment Consultants see's within the US markets, visit www.knightbridgeinvestment.com or contact us at info@knightbridgeinvestment.com for further information.