The mainstream media is downplaying the roll stocks are on. But they are getting close to record territory.
It's possible for both the S&P 500 and Dow Jones to get to record territory, and private wealth advisory Derrick Kinney says a deal with China would get the job done.
"If there's positive news, we could see the market jump up even higher," Kinney told KTRH. "It's a very headline driven market right now based on China tariffs."
It wasn't so long ago we saw stocks going down, and nerves getting frayed. Kinney said the one thing that moved it in the right direction was rising consumer confidence.
"Consumers that feel confidence about their jobs and that have extra money to spend feel very optimistic about the future, at least right now," Kinney explained.
In other words, as long as the economy is good, the markets will be good.