Per last night’s video commentary, there’s reason to doubt the “good news” of yesterday’s bounce. This morning was already looking a bit ugly, but on the Commerce Secretary Wilbur Ross headline regarding trade negotiations with China below, things got notably uglier.
This speaks to the most cutting of the headwinds we listed last week:
“It appears as though we may be in something of a hiatus now,” Ross said during an interview on CNBC.
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