Could Trump's Speech Sink Stocks Again?

President Trump will address the country tonight

Feb 5, 2019 at 11:36 AM
facebook X logo linkedin


So far it's been a solid year for U.S. stocks, with the Dow Jones Industrial Average (DJI) and Nasdaq Composite (IXIC) just wrapping up impressive six-week win streaks. While we're now in the thick of earnings seasons, investors tonight will be focusing in on President Donald Trump's second State of the Union speech.

Some traders may use the occasion to speculate on certain stocks, possible infrastructure names or defense contractors. Generally speaking, however, bullish investors will simply be hoping for a better outcome than what we saw after Trump's first State of the Union address last year. Specifically, Schaeffer's Quantitative Analyst Chris Prybal just reminded us that the S&P 500 Index (SPX) struggled mightily in the days following last year's address. with the broad-market index shedding 8.5% in the seven days afterward.

state of the union stocks

We can obviously say that these are different times and can't just blindly expect this type of weakness again. But just to stoke some fear, we could point out that, according to Bespoke, the percentage of overbought SPX stocks just topped 50% for the first time since last January...
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI