Stocks Suddenly Plunge On China “Unreliable Entities” Headline
With the world and their pet rabbit buying stocks because they are sure a US-China trade deal is imminent, a headline from Reuters has exposed just how fragile this farce really is:
CHINA HAS LARGELY FINALISED ‘UNRELIABLE ENTITIES LIST’ – SOURCES
CHINA’S PUBLICATION OF LIST DEPENDS ON HOW SINO-U.S. TRADE TALKS PROGRESS – SOURCES
Clearly designed as a last minute pressure tactic on today’s mini-deal and raising uncertainty.
Sparking a sudden plunge in stocks…
Notably, this reversal struck after S&P tagged its pre-Trump tantrum losses…
Somebody tweet something, stat!
Fri, 10/11/2019 – 12:37