US Reaches Trade Deal “In Principle” With China, Stocks Re-Surge
The algos are loving it… again.
Bloomberg reports that U.S. negotiators have reached the terms of a phase-one trade deal with China that now awaits President Donald Trump’s approval, according to people briefed on the plans.
and the result…
S&P ripped right off of its VWAP…
And Yuan spiked to a new high for the day…
As did 30Y Yields…
Officials are meeting in The White House to get Trump’s sign-off, according to people familiar.
Just one little reminder of what happened two months ago:
Oct 11: Trump says the US has come to a substantial phase one deal with China
Trade accordingly!
Tyler Durden
Thu, 12/12/2019 – 14:33
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