Stone silence from China on the Trump administration's reported done deal should have been the canary in the coalmine but now CNBC reports that China still has concerns regarding hard Agricultural product purchase plans.
Yuan is also sliding...
Sadly, it is clear that it takes a Bloomberg headline of a CNBC report for algos to notice what has been clear to humans for the past 8 hours.
This all fits with the doom-loop scapegoating we have been indicating is most likely here - as the Trump administration gets back control of the narrative and the ability to blame China on Sunday when nothing happens.
Now Trump blows up, accuses China of breaking the deal (which never happened) and we have a replay of May— zerohedge (@zerohedge) December 13, 2019