Bonus Quote of the Day

While White House Econ Adviser Larry Kudlow tried his best this morning to talk up the market by talking up the U.S. economy, he clearly didn't give traders what they wanted.

Instead, he effectively downplayed the President's positive U.S./China trade commentary from last week; commentary that spurred an impressive end of week rally:

Kudlow said that while Trump is “trying to inject a note of optimism” in trade talks ahead of his planned meeting with China’s Xi Jinping at the Group of 20 meeting, there won’t be any deal “unless it suits American interests.”

What the market (the smart money in particular) is desperately looking for is evidence that the trade nonsense will soon be coming to an end.