Market update : The market busts out of 7-month long correction (27 August 2018)

Wall Street extended Friday's push into record territory on Monday, with the S&P 500 registering its second straight record close.  President Donald Trump said the U.S. has reached an agreement with Mexico to enter into a new trade deal, calling it the U.S.-Mexico trade pact.  With a U.S.-Mexico deal in place, Canada will now come to the negotiating table as the three nations look to fully replace their three-way NAFTA deal.

• S&P 500 today's close: 2896;  Jan 26 close:   2872
• Nasdaq Composite +16.1% YTD
• Russell 2000 +12.6% YTD
• S&P 500 +8.4% YTD
• Dow Jones Industrial Average +5.4% YTD

$SPY since the 2016 Election (22 months) with Fibonacci retracement.

A table showing the performance of various asset classes since the prior S&P 500 high on 1/26.  We also show YTD and QTD performance.  As you'll see, US equities have been dramatically outperforming international stocks.