Current Market Sentiment

Here’s an internal memo (me to staff) that’ll give you the flavor of current (i.e., only for this very moment) market sentiment:

“So last night China exempted a bunch of U.S. products from tariffs… Today Li Keqiang (Chinese Premier) tells U.S. business delegation that “we share wide interests & I believe we have the wisdom to find a solution acceptable to both”… Also this morning, Trump is looking to ease sanctions on Iran… and all we have is a 14-pt move in SPX… and bonds and Gold are still up on the day… That’s bearish!   M”


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