The stock market is poised to move higher and perhaps test new highs, according to an article on CNBC attributed to Patti Domm, but the fear is that President Trump might type out some rogue tweets. Keep in mind that in August, aggressive and market moving tweets started in the first week of the month, knocking rallies back several times.
The S&P 500 crossed above August highs and closed above the 50-day moving average. So there is a good argument from the technical or chart world that the S&P 500 can travel higher in September. Combine this with the opportunity to hold talks between China and the US on trade, and the hope of a trade deal, is there. President Trump might hold off on his aggressive tweets, thus allowing equity markets to move naturally – and that is likely higher in September.