Eh, What's Up, Doc? Wall Street Smashes Records Faster Than I Can Say 'Rabbit Season'!

Of Course There's a Trade Truce Doc!

So I hear there's this whole kerfuffle with China and the United States. Seems they decided to take a 90 day breather on slapping tariffs on each other eh? Like saying 'Hold on Elmer maybe let's not shoot each other...for now!' And Wall Street? Well they're happier than a pig in mud I tell ya! They were all worried about the sky falling but now they're doing the jitterbug.

S&P 500 Sayin' "Ain't I a Stinker?"

This S&P 500 whatever that is jumped 3.3% on Monday. And get this it blasted past this thing called the '200 day moving average'. Apparently that's like a big deal a real milestone! All these fancy pants analysts thought it would be tough to crack but the market just zoomed right through. Like me escaping Yosemite Sam's dynamite only faster!

Fundamentals? Technicals? Sounds Like Elmer Fudd's Vocabulary!

Now this fella named Mark Hackett a chief market strategist whatever that is said something about fundamentals and technicals intersecting. Sounds like a bunch of gobbledygook to me doc! He even threw in something about supply and demand. I'm guessing it's all a fancy way of saying that folks are buying stocks like I'm buying carrots. And that sends the market up up up!

Institutional Investors Caught With Their Pants Down!

Seems like all those big shot investors were caught off guard. They were either betting the market would go down or not betting on it at all. Now they're scrambling to buy buy buy! Hackett even said they 'blew through the 200 day' and didn't even look back. That's like Elmer Fudd blowing through a hundred sticks of dynamite and still missing me!

CMT 101: Acronyms and Explosions

This Hackett character also dropped a CMT 101 reference. All I know is there better not be explosives involved. But seriously he says they didn't settle back on top of the 200 day. It caught these people by surprise! Like me switching Elmer Fudd's bullets with carrots... total bamboozlement.

What's Up Next Doc? More Milestones!

So where does this all leave us? Well seems like this S&P 500 thingy is only a hop skip and a jump away from being positive for the year. They're talking about 5,881.63. All I know is if the market keeps going up like this I might just have to start investing myself. And if it all goes south? Well 'That's all folks!'