15/08/2019

Xi Zaps Trump Rally Today

by John Galt August 15, 2019 05:25 ET All it took was one headline: China Says U.S. Violates Xi-Trump Consensus With New 10% Tariff And boom. There goes the 150 point rally the DJIA was set to have this morning: Even though this was set up as a reflex rally on over sold conditions, in a bear market beginning over sold can become more over sold before it bounces. The other action was in the credit markets where in an amazing move, the 30 year US Treasury which broke the 2.00%…


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