Courtesy of ZeroHedge View original post here.
Dow futures were down a horrifying 90 points this morning, erasing all of Powell’s pumpathon after China poured cold water on US-China trade talks. So what does the administration do – to rescue stocks from a terrifying 0.3$ drop?
Unleashes The Kudlow:
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*KUDLOW SAYS U.S.-CHINA TALKS GOING SMOOTHLY: WHITE HOUSE AIDE
And the result, reflexive buying by algos…
But it seems like the White House’s jawboning is losing its mojo.