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Stocks were lower on Tuesday on news that a traveler from China to the U.S. was diagnosed with coronavirus. Perhaps overstated, but the market has been looking for a reason to pause, but even this little setback was minor. The Dow (-152-points) took a slightly bigger hit percentage-wise, and Boeing was the culprit again. Small caps and particularly the Transports lagged, while bonds rallied strongly - as far as bond market moves go.

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Stocks were mixed on Friday but another late surge took 2 of the 3 major indices to their highs of the day at the close. The Dow was up 50 points, or 0.17% and that lagged the S&P500 and Nasdaq who saw percentage gains of about twice that. Small caps and the Transports were down on Friday, as were bonds, while the I-fund was given a handsome gain of 0.44% despite the dollar rallying sharply, so I'm a little concerned about Monday's price being adjusted down.

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The bears remain in hibernation for the winter allowing stocks to continue this relentless climb. Investors' fears of the Iran situation went quiet real quick when all was said and done. With that aside the signing of the phase one trade deal was in sight coming into this last week. Many anticipated a "sell the news" reaction but conversely it turned out the deal was not already priced in. A few changes kept investors on their toes but for the most part it was a relief for the market to get something ...

Stocks seem to be in melt-up mode - something folks were talking about as a possibility in 2020, but I was skeptical because it's rare that something talked about widely actually happens. It's usually more of a surprise, but apparently the only one who was surprised was me. The Dow tacked another 267-points as we head into earnings season, and a long holiday weekend.

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Stocks were up again on Wednesday, but they had to battle back from another midday sell-off triggered by more Trade headlines to do so. Most of the indices were seeing red with about 30 minutes left in the day after a strong positive open, so the bulls were prepared to buy a dip yet again. The Dow closed up 91-points and the small caps of the Russell 2000 led on the upside again, while the Nasdaq struggled to close positive.

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