Trump, Mnuchin Fail To Spark Meaningful Bounce In Stocks
Treasury Secretary Steve Mnuchin claimed that “negotiation was ongoing” yet confirmed that there are no plans for talks going forward.
That sparked a 50 point pop in The Dow, which faded fast.
Then President Trump told reporters that he and Xi would meet at the G-20 meeting (something we already knew from Larry Kudlow yesterday) and that no decision has been made yet on the remaining $300 billion of China goods (adding that a $15 billion aid plan for US farmers is being devised).
That sparked a 75 point rise in The Dow which is now stalling out…
Of course, on the bright side, the drop has stalled for now… “Off the lows”
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