After we produced today’s video the White House announced that U.S. officials will travel to China next week for face-to-face trade talks. The market literally doubled the day’s advance within seconds of the announcement.
Traders should probably curb their enthusiasm just a bit, however, as the announcement had been widely expected and the White House added that its eyeing a long-term timeline to strike a deal — specifically 6+ months; which is responsible guidance out of Washington, as, per our reporting herein, the chasm separating the two sides has widened markedly over the past few months.
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