Yes, I'm beginning to wonder which fairy tail we are in here on the thread ? seriously, one needs to be able to trade at night to catch these bull moves (sorry, bear market rallies) hehehe..
Stocks & Bond Yields Jump As Algos Misread US-China Trade Headlines by Tyler Durden Tue, 04/02/2019 - 21:00 US equity futures are up along with bond yields as the dollar fades (and yuan gains) following misleading headlines from The FT reporting US and China officials have "resolved most of trade deal issues." “We’re getting into the end-game stage,” said Myron Brilliant, executive vice-president for international affairs at the US Chamber of Commerce. All sounds awesome right? Bond prices are down (yields up) ... And stocks are surging... There's just one big thing wrong: Both countries have yet to agree on what happens to existing U.S. duties on Chinese goods and the terms of an enforcement mechanism to ensure China keeps to the trade deal, Financial Times reports, citing people briefed on the talks. “Ninety per cent of the deal is done, but the last 10 per cent is the hardest part, it’s the trickiest part and it will require trade-offs on both sides,” he told reporters on Tuesday. So, in other words - no progress whatsoever as enforcement is all that matters and Trump's threats of maintaining the tariffs as a mechanism of enforcement is certainly something the Chinese - whose economy is awesome again, remember - will not stand for. Nasdaq futs just took out the highs of the year... We suspect once the humans read The FT article, things might fade. As we note AUD already is - a currency that should be jubilant on this... So finally - summarizing The FT article - besides the sticking points that US and China have been unable to resolve for the past 4 months, everything else is resolved. Trade Accordingly.
That’s it, it’s over ... ES will trade between 77 and 83 until China opens tomorrow night and then it will zoom up another 20 points. This is how China is going to get us back for Trump’s bs
I thought that too the other day when their GDP beat. Thats why I remarked about the trustworthiness of those numbers. Its all a game.
I trust China to tell the truth about the same as I trust Trump to tell the truth ... it just does not matter. All that matters is how the markets react to their “truths.”
I like the trade idea. I don't necessarily agree with the round number on the stop though. You're normally the top trader on the board, so I am anxious to see how it plays out.---I agree that short is the way to be.