[Chart courtesy of MarketWatch.com] Moving the markets After 1-1/2 years of trade negotiations, last Friday’s “mini-deal,” if you can even call it that, cast some more doubt on the substance of what was accomplished. The words “deal” or “substantial” just don’t fit the picture of what some analysts have called nothing more than a “farm package.” China has agreed to …
New Lipstick On The Trade Pig Lifts Markets
[Chart courtesy of MarketWatch.com] Moving the markets Well, it sure didn’t take much effort to keep the markets going, as Trump successfully dangled the trade carrot again via this tweet: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.” While this did not …
Renewed Trade Deal Hope Sparks Rebound
[Chart courtesy of MarketWatch.com] Moving the markets It seems like yesterday’s trade jawboning between the US and China had taken on too harsh of a tone, so both parties attempted to ease festering tensions. News reports indicated that China was open to a “limited or partial tariff solution” while offering to increase purchases of agricultural products from US farmers to …
Markets In Retreat Mode As Trade Deal Hopes Crash And Burn
[Chart courtesy of MarketWatch.com] Moving the markets After the Chinese offered not much hope for a successful outcome of the upcoming trade meeting, today it was the US’s turn to up the ante by blacklisting 28 Chinese companies due to alleged human-rights violations against Muslim minorities. Should this mutual hostility fest continue, Friday’s scheduled high-level trade meeting might be over …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets An early drop was followed by a pop above the unchanged line but in the end, equities simply ran out of steam with the S&P closing at its lows for the session. Early words of hope regarding the always uncertain US-Trade relations managed to pull the markets higher, but even the often confused …
International TTI Signals ‘Sell’
I mentioned yesterday that our International Trend Tracking Index (TTI) had crossed its long-term trend line to the downside by -2.00%. This morning, it took another steep dive thereby clearly heading deeper into bear market territory, which means a ‘Sell’ signal, effective today, has been generated. As I posted at the time of the ‘Buy’, I did not participate in …