Select Page

Don't Tread On My Site

Stocks Ramp To Session High As Chinese Trade Delegation Confirms US Trip

Load WordPress Sites in as fast as 37ms!

In what may be the most jawdropping case of marketwide BTFD observed in years, the S&P has successfully recouped almost all of its losses, and after sliding 2.4% overnight, it was down less than 0.4% just before 3pm, with the latest upside catalyst coming from CNBC which, citing sources familiar, reported that, as speculated overnight by the Chinese press, the Chinese delegation will travel to the U.S. this week for trade talks despite this weekend’s snub by President Trump which upended negotiations by threatening new tariffs on Sunday,

That said, there were some changes, and according to the report, China would send a smaller delegation than the 100-person group originally planned. More importantly, it remains unclear if Vice Premier Liu He would still helm this smaller group, because as we described this morning, his presence is the signal from China whether Trump managed to derail trade talks with his tweet, and if the team was traveling to Washington “with an eye toward sealing a deal” or merely to keep up appearances.

While the Beijing team was set to start talks with American negotiators on Wednesday, it remains unclear if the talks will still start Wednesday.

While the news clearly pushed risk to new session highs, the broader market was already ramping all day, and as we showed earlier, the Dow Jones was just 60 points lower after starting the session some 500 points in the red, while the Russell 2000 was on the verge of going green, where the Transports already were.

Behind the collapse was the plunge in the VIX, which tumbled from session highs near 19 all the way down to 15.50…

… as the most shorted stocked soared higher as usual.

This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Read the original article.

Advertise on Libertarian Hub

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Bringing together a variety of news and information from some of today’s most important libertarian thought leaders. All feeds are checked and refreshed every hour and pages auto-refresh every 15 minutes. External images are deleted after 30 days.

Time since last refresh: 0 second

Publish Your Own Article

Follow The Libertarian Hub