Stocks Soar, Dow Up 9 Weeks In A Row, Longest Winning Streak In 24 Years

Profit from the Pros Stocks Soar, Dow Up 9 Weeks In A Row, Longest Winning Streak In 24 Years Stocks soared on Friday, extending their winning streak on positive trade talk news. The Dow has now closed up 9 weeks in a row. That's the longest weekly winning streak in 24 years! President Trump, along with his key negotiators, met with China's Vice Premier Liu He in the Oval Office on Friday. Everyone cited progress from the latest round of talks, with the President saying there was a "very good chance a deal could be made", while the Vice Premier echoed those sentiments saying a trade deal was "very likely" from China's perspective. The meetings have been so productive that the talks have been extended for another two days. It also appears that a "final agreement" on currency manipulation was reached with China during these talks. That's a big deal. But it's only a piece of the puzzle. U.S. Trade Representative Robert Lighthizer, sounding upbeat, noted that there were still "a few very big hurdles" that needed to be worked out. It also appears that President Trump will meet President Xi at Mar-a-Lago in late March. And that's, presumably, when a final trade deal will be officially agreed upon. Given the meeting plans in late March, in does appear as if the March 1st deadline will be extended. But President Trump has already said he'd be willing to extend the deadline for raising tariffs "if we're close to a deal." So given all of the above, next Friday's deadline should not be feared as it will likely just be pushed back a little bit to accommodate Trump's and Xi's meeting. This is exciting stuff for the market. And for the economy. In fact, it's exciting for the entire world's economy. A long-term trade agreement between the two largest economies is great for everyone. And once these trade war fears, which were largely responsible for last year's correction, are officially behind us, the markets should soar to new all-time highs and continue this record setting bull market for quite some time. 2019 is shaping up to be a banner year. So make sure you're taking full advantage of it. Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor After 1943? You’ll Want to See This]( I recently stumbled across a shocking mandate by the Social Security Administration...One that lets ANY U.S. senior who was born after 1943 to legally boost their Social Security payouts by as much as $890.07 per month. That works out to an extra $10,680.84 per year! So how do you get started? Well, you could spend countless hours digging through the complicated Social Security Administration website to find this... 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