The S&P 500 and Nasdaq closed in record territory on Friday with slight gains following news that the U.S. and China have agreed on Phase One of a trade deal.
The Dow Jones barely missed a record close as well but still ended up in positive territory at 28,135.38.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
