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Hypersensitive Stocks Surge On Trade-Talks Tweet

Courtesy of ZeroHedge. View original post here.

With just a few short hours until Washington unleashes the next round of tariffs, all it took was a tweet from Fox Business to spike futures…

Edward Lawrence tweeted that: “Exclusive: President Trump meeting with Treasury Secretary Steven Mnuchin & US Trade Representative Robert Lighthizer right now. They are talking about the trade talk progress ahead of tariffs being upped on the Chinese.

Exclusive: President Trump meeting with Treasury Secretary Steven Mnuchin & US Trade Representative Robert Lighthizer right now. They are talking about the trade talk progress ahead of tariffs being upped on the Chinese. #china #trade

— Edward Lawrence (@NewsEdward) May 9, 2019

Not exactly earth-shattering, but enough for Johnny-5 and his algo friends to lift Dow futures 200 poinst…

Additionally, Vice President Mike Pence said Thursday the Trump administration is working “literally hour by hour” to reach a trade agreement with China, as the deadline loomed on a U.S. threat to raise tariffs on Chinese imports.

Larry Kudlow has been oddly quiet – perhaps they are resting him just in case of a bloodbath tomorrow?


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