The report, along with Trump's comment, lifted sentiment around trade and helped the major averages snap a three-day losing streak. That slide came after Trump said Tuesday he could wait until after the 2020 election to make a deal with China and after the Chinese said they wanted tariffs removed as part of a phase one trade deal.
China and the U.S. have 10 days to reach a trade deal before additional U.S. tariffs on Chinese goods take effect. Those levies would target an additional $156 billion in Chinese goods. "In fact, expectations that those tariffs will be removed along with the October ones has been one of the reasons we've been able to melt up so quickly," Nick said.
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Trade deal optimism! Buy the dip green by close! Does Grasso still think semis are bargain basement? I don't know what he thinks because he blocked me. Pass along my question please. 😂👆😅
'strong employment data' in reality, ADP numbers were cut in half yesterday
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