Two News Flashes Sum Up Today’s Action, As Well As THE Issue Presently Plaguing the Market

The Dow went from the red to up nearly 300 points this morning on this:

“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!


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