Futures Trim Gains From "Big Progress" In Japan Trade Talks After UnitedHealth Plummets
"Hopes for good trade talks is one of the main drivers for US equity futures turning to green territory"
"Hopes for good trade talks is one of the main drivers for US equity futures turning to green territory"
"Life moves pretty fast..."
"This move is unnerving for two reasons"
'Hard' and 'Soft' data continues to diverge as Empire Fed beat (but was weak) and Import/Export Prices slid more than expected (both positive on the face of it)...
"The overall market mood is set on de-escalation"
"The US market remains relatively expensive, while EPS downgrades are intensifying"
Gold has replaced the VIX as the global gauge of anxiety...
Bears had two arguments: 1) Tariffs are ideological 2) Recession is not priced in. Maybe they are still valid...
“The damage has been done. We would definitely be a bit more of a seller at this point.”
"Trading this market seems like facing a TARP vote every day..."
“We’re into the escalation phase in the trade war and investors have just nothing to hold onto at the moment”
...the plumbing of the financial market is starting to seriously creak...
"The Trump administration is signaling his openness to trade deals"
"China will never accept this. If the US insists on going its own way, China will fight it to the end..."
"Many metrics are at panic levels..."
"This will inevitably cause a recession because the damage is done — unless Trump backs off."
Dollar crashed... Crypto crushed... MAG7 Stocks lost a stunning $1 trillion in market cap today... S&P's worst day in five years...
"We aren’t buying the dip in the US"
"...today's move may be more of a reflection of elevated volatility (the VIX is at 21.8), or a dead cat bounce..."
...'growth downside risk' reigns supreme.
