Our dividend growth and conservative growth stocks initially resurged this week on the G20 news that President Trump and China President Xi agreed to a 90-day trade truce, which effectively postponed the new 25% tariffs (up from 10% currently) on $200 billion worth of Chinese imports.
Our dividend growth and conservative growth stocks continued to oscillate with the overall stock market this week. The good news is that the Dow Industrials, the S&P 500 and the NASDAQ Composite all successfully “retested” their lows on light trading volume on Tuesday.
A mini “retest” of the late October lows is still very possible, but I expect trading volume to dry up on any retest. I also expect that my fundamentally superior A-rated dividend growth and conservative growth stocks (https://www.navelliergrader.com) will not retest their recent lows, but the broader market averages may pullback one more time.
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