Trump won’t get in the way of S&P 500 hitting 5,000
The North Korea summit, a Federal Reserve rate call and possible QE unwinding news from the ECB are all jammed into the next five days. That’s after a whirlwind weekend of President Trump pretty much annoying every other G-7 leader, with no signs of a slowdown in the barbs as he readies for his meeting with Kim Jong Un.
While the market seems ready to shake off geopolitical spats for now, the Fed is looming large. A rate hike is roundly expected, so it’s signs of more aggressive moves that could derail stocks bigly.