It was a quiet day yesterday, as the major indices were relatively flat.  Investors waited to see if there would be any movement on the wall or trade.  The S&P and Nasdaq were up 0.1%, while the Dow lost 0.2%. Industrials +0.6% and Energy +0.5% were the best performing sectors while Communication Service -0.6%, Health Care -0.1% and Utilities -0.1% lagged.

The 10- year ended yesterday up 3 basis points to 2.66%, and the greenback rose to a new high for 2019, up 0.4% to $97.05. It is down slightly this am, but still nearing a two hear high. 

Last night. investors got a nod on a potential border deal.  This morning, the markets are higher on this news, with Dow up more than 200 points.

All eyes remain focused on the U.S. - China trade negotiations Treasury Secretary Steven Mnuchin and U.S. Trade Rep Robert Lighthizer will participate in ongoing trade negotiations this Thursday and Friday.  A deal will only remove a cloud that's covered great economic success, and better than expected earnings should send market higher.  

While there was no economic news yesterday, the Job Openings (JOLTS) for December and the NFIB Small Business Optimism Index for January will be out shortly. 

Let’s keep our powder dry this morning.