Dow & Nio-4-6 weeks potential
We dont believe a significant deal is already baked into stock prices, one senior White House economic adviser, speaking on the condition of anonymity, told FOX Business. Thats why we believe that a real trade deal with China will take the Dow (Jones Industrial Average) up around 2,000 points. At current levels that would bring the Dow to the 27,700 level, exceeding the record high of 26,828 reached in October 2018. A White House spokesman had no comment. Of course, given Trumps frequent use of overblown rhetoric, his 2,000 point boast could be an exaggeration. However, some Wall Street strategists believe 2,000 points, or close to a 10 percent increase in the Dow isnt unreasonable in the months following a significant trade deal. In fact, some political insiders believe U.S. officials are purposely prolonging talks with Chinawaiting as long as possible before finalizing an agreement to get the most positive spin from a likely market rally just as the 2020 presidential election heats up. https://aicody.com/articles/stocks/nio-inc-automative-electric-vehicles-stock-analysis-rating-2018-forecast-ag8e19ow01ozu5lw