Wednesday, May 23, 2018

Charts of the Day: Trade and the Dow

We'll just keep this thread going as the headlines on trade roll in:

Last Thursday we got this headline:
Trump Says He Doubts China Negotiations Will Succeed
And we got this price action in the Dow:



Monday morning we got this headline:
Mnuchin: We've made 'very meaningful progress' with China on trade issues
And we got this price action in the Dow:



Yesterday we got this headline:
Trump: There's no deal with China on ZTE, and I'm not satisfied with trade talks
And we got this price action in the Dow:



We won't repeat what we've been preaching for eons...


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