In today's update:
1) U.S. Equities took another step toward all-time highs on Tuesday on renewed hopes of a trade deal with China and a rate cut by the Federal Reserve tomorrow. The Dow Jones Industrial Average gained 353.01 or 1.35%, the S&P 500 added 28.08 or 0.97% while the Nasdaq 100 closed higher by 108.8 6 or 1.39% and the Russell 2000 finished higher by 17.48 or 1.14%.
2) Crude Oil Futures bounced to close higher by $2.15 or 4.14% while Gold Futures finished the day higher by $7.20 or 0.54% despite more strength in the U.S. dollar. The Bond market moved higher for the fifth straight session and the yield on the 10-year Treasury Note dropped to 2.057%.
3) The Equity markets could get another boost tomorrow if the Fed announces a rate cut at 2 p.m. Eastern. With all the drama between Trump and Fed chairman Jerome Powell, I personally think it's highly likely the Federal Reserve announces a rate cut which should cause stocks to move even higher.