State of the Markets: Tracking S&P 500 and Dow Performance
President Trump's plan for a sweeping tariff on steel and aluminum imports is causing investors to worry about a possible trade war. Fidelity's John Gagliardi joined Cheddar to provide insight into market movements.
Gagliardi breaks down how to approach the markets through three charts. He walks us through long-term, medium-term, and short-term graphs to highlight key takeaways in historical market patterns.
Gagliardi points out that in a short-term chart, you can see the new normal in the S&P 500 is higher highs and higher lows. This is a sign that we're still in a secular bull market, according to Gagliardi.
The contract agreement reached Wednesday must still be approved by the union's board and its members, but the leadership said actors will be allowed to return to work starting Thursday.
