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Traders cautious that a trade deal will be "sooner than you think"
You can imagine President Trump looking at himself in the mirror and saying, “I did that” as Wall Street rebounded yesterday. Trump has suggested that China is desperate for a trade deal and one could come “sooner than you think”. There is nothing overly insightful in that statement. Something that is consistent with where we are at in the cycle of this trade dispute (playing up the prospects of a deal before the next round of negotiations). But it is astounding that markets reacted so positively to this. Perhaps there is also a sense that the impeachment prospects took a hit as Trump released a transcript of ... (full story)
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