“Trump Soothes Market’s Trade War Concerns
President Trump’s latest comments certainly seem to signal he’s in a less combative mood than some of his recent remarks and tweets suggested, and risk assets have responded cheerfully with the S&P 500 shooting to a session high and yields perking up some.”
The Dow then tanked 220 points from today’s high on this:
“After Trump’s comments on China & trade, White House officials told CNBC that people should not read too much into those claims, because there is no sign of a deal coming soon.”
I’ll leave it there for today.
Have a nice weekend!