Stock Market Update

[BRIEFING.COM] A headline-driven market saw a few headlines in the past half hour that catalyzed a quick spike to new session highs; however, it was more of a gratuitous spike considering the headlines didn't convey information the market didn't already believe.

To wit: White House Press Secretary Leavitt said President Trump hopes to make a deal with China, while FT reported that the Fed would be prepared to stabilize financial markets if conditions become disorderly.

Some nice reminders, but nothing new from a qualitative standpoint. Still, both serve as friendly reminders in the market's mind that the "Trump put" and the "Fed put" remain on the table.

Separately, the Vanguard Mega-Cap Growth ETF (MGK), up 2.0%, is at session highs.