Mike Swanson
Well this is going to be an interesting week.
Remember all that talk about a trade war with China?
If you go by what Steve Mnuchin says it turns out Trump was just kidding so the market is gapping up today.
China put out a boilerplate statement saying that they would buy more US goods, but didn’t say how much or when.
Typical China card – but Trump admin used it to say they won, which was probably smart on their part.
It’s hard to win a trade war against a country that owns so much of your debt so it’s off the table for now.
Now I don’t know if this S&P 500 morning gap up is going to lead to endless gains like they are talking about this morning.