Idiot Algos Panic-Buy Stocks (Again) As Trump Talks China Trade

After denials from three White House officials off the record and Larry Kudlow on the record, President Trump just told reporters that "China talks are going well" and he thinks "US will reach a trade deal with China."

Trump added that he is "getting closer to doing something with China."

The algos immediately panic-bid stocks...

Yuan also strengthened...

 

Are these markets seriously this fragile?