Stocks Plunge, Gold Spikes As Trump Goes ‘Nuclear’ On China

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Stocks Plunge, Gold Spikes As Trump Goes ‘Nuclear’ On China

Minutes after Powell delivers “Not QE”, President Trump appears to have taken the trade war to DEFCON 1 as headlines drop that the US is imposing visa bans on Chinese people linked to the human rights buses in Xinjiang.

Stocks immediately dumped all the “Not QE” gains and more and gold spiked…

Stocks Plunge, Gold Spikes As Trump Goes 'Nuclear' On China

Erasing all the moves from Powell’s speech…

Stocks Plunge, Gold Spikes As Trump Goes 'Nuclear' On China

As @Hipster_Trader joked “Stocks turned red. Better announce QE5.”


Tyler Durden

Tue, 10/08/2019 – 15:03

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Author: HEDGE

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