The markets like most financial reporters and advisors constantly look for "good" news. They read it into their reporting and expectations. That's why that stupid rumor yesterday caused the market spike. I figured we'd end flat today. I don't know if that'll be true or not. That was my expectation. I knew China wasn't going to give a shht what Bessent said (he sounded stupid, arrogant, IMHO).
I texted my FA this morning before the markets opened and said "looks like we're finding a new tariff-nonsense floor based on futures."
That goes out the window if China decides to call the 800 billion of US debt they carry, devaluing the US dollar and raising interest rates the US would have to pay.
China just let their currency drop - and that's pissing off the US. The US brought this on itself announcing the 104% tariffs on China.
Oh the games we play - with people's livlyhoods, and their very lives. Fun times. Fun times.
And yet there's no evidence of this "order"
But you will repeat the lie.
It is who you are.