Bloomberg Cites Unidentified Source, Boosts Futures 150 Points at 9:14am

Things were not looking very good after Trump suggested it might be better to wait until after the election for a trade deal, so this was great timing by Bloomberg. The market tanked by as much as 400 points yesterday

Tuesday

(Yahoo) “I have no deadline,” he told reporters Tuesday in London when asked if he wanted an agreement by year end. He said later in a meeting with Canadian Prime Minister Justin Trudeau that he won’t sign a deal unless it’s a “good deal.”

“If it’s not going to be a good deal, I’m not signing a deal,” he said. “It can’t be an even deal. If it’s an even deal, it’s no good.” Read more

Today

(Bloomberg) “The people, who asked not to be identified, said that U.S. President Donald Trump’s comments Tuesday downplaying the urgency of a deal shouldn’t be understood to mean the talks were stalling, as he was speaking off the cuff. Recent U.S. legislation seeking to sanction Chinese officials over human-rights issues in Hong Kong and Xinjiang are unlikely to impact the talks, one person familiar with Beijing’s thinking said.”. Read more

CNBC further clarified that today’s miraculous rebound in the Dow futures was due to this “source”

From Reminisciences of a Stock Operator by Jesse Livermore

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