This Morning’s Log Entry

Optimism from U.S./China talks and positive
earnings news out of Europe have stocks rallying hard this morning.

Xi met with U.S. negotiators yesterday and issued
an optimistic post-meeting statement and said that negotiations will continue
next week in Washington, which was not previously on the calendar.
Clearly, China is anxious to put this thing to
bed, which – as stocks are discounting this morning — is huge for the market
if they can.


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