Gold Tests Down To $4000 As Big-Tech & Bitcoin Rally On China 'Deal' Hope

Positive headlines from APEC that a US-China trade 'framework' had been reached prompted buying in US equity futures at the open across all the majors. When the US equity cash market opened, we saw a notable divergence between Nasdaq (bid ahead of Mag5 earnings this week) and Small Caps (offered as an initial short squeeze failed to maintain any gains)...