I have never in my 18 years of following the markets seen a sitting president game the markets like Trump. Today he says he will wait, last week he said something different. Expect a China call near weeks end...Someone is making a lot of money.
It is a peanuts move, however when a market moves in only one direction, (UP) and drops a few hundred points it does feel like 1987 to those who only know one market way. President Donald Trump downplayed the stock market’s Tuesday losses as “peanuts” when compared to both the economic importance of striking a favorable trade deal with China and the market’s gains since his election. The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said an international NATO summit in London. “It’s going to be at 30,000.” “If the stock market goes up or down: I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — We have picked up record numbers so that’s OK. That’s the way I feel.” “It can’t be an even deal: If it’s an even deal it’s no good,” the president said. https://www.cnbc.com/2019/12/03/tru...force-him-to-make-a-bad-china-trade-deal.html
The Dow had been down but has since recovered and is well off the lows. Word from Trump is China called....they want to make a deal real bad....
Everything may start overnight but some days the US session is hyper like Dec 2nd Monday. I think everything starts a few hours "before" the US session. wrbtrader
In case anyone is confused as to why the markets never fall very far....here is the answer....QE is in full swing.....and with unemployment under 4%.FOMC Chairman Powell gave Trump everything he asked for.