The decline in the stock market yesterday…due to a pullback in the overbought chip group…turned out to be barely a hiccup in the recent (very strong) rally for equities. The market bounced well off its morning lows…and the futures are pointing higher this morning. So, the set up going into the summit between President Trump and President Xi is still a very good one.
We continue to see signs that the recent decline in the defense/aerospace stocks has come to an end. One stock in particular looks poised for a strong breakout move.
