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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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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

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