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Trump postponed press conference

Luckyone said:
Dinner with Xi ended up with an agreement not to impose further Tariffs after January. Nonetheless, that is no big deal given that already both nations have imposed most (if not all) of the Tariffs that can be imposed. In addition, Trump announced a couple of weeks ago that he would further impose the rest of the Tariffs on China this month and this agreement starts "next month" meaning that he may still impose them.

By the same token, the damage has already been done and this agreement does not solve the issue.

As such, the dinner was not a success.
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President Donald Trump said in a late-night tweet that China has agreed to “reduce and remove” tariffs on imported American-made cars, a claim that wasn’t immediately confirmed by Beijing.
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https://www.bloomberg.com/news/arti...reduce-remove-car-import-tariffs?srnd=premium

Success.
 
Bucky said:
https://www.bloomberg.com/news/arti...reduce-remove-car-import-tariffs?srnd=premium

Success.
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Success?

The reality is that the Trade War continues and this move is more of an advertising move than a move to solve it. Yes, it is going to help the market today but it is way too early to call it a success.

By the way, all the stock indexes are up strongly today but all are at resistance levels (DOW at 26162, SPX at 2815 and NAZ at 7572) that have not been broken yet. The DOW is due to open around the 26028 level, the SPX around the 2804 level and the NAZ around the 7480 level and they have been there since the markets opened last nigh in Asia and have not been able to go higher.

What that means is that the index market will look strong today but the pivotal resistance levels have not yet been broken, suggesting that the news is a good head fake but the money is not yet convinced of the benefits of it.
 
Luckyone said:
Success?

The reality is that the Trade War continues and this move is more of an advertising move than a move to solve it. Yes, it is going to help the market today but it is way too early to call it a success.

By the way, all the stock indexes are up strongly today but all are at resistance levels (DOW at 26162, SPX at 2815 and NAZ at 7572) that have not been broken yet. The DOW is due to open around the 26028 level, the SPX around the 2804 level and the NAZ around the 7480 level and they have been there since the markets opened last nigh in Asia and have not been able to go higher.

What that means is that the index market will look strong today but the pivotal resistance levels have not yet been broken, suggesting that the news is a good head fake but the money is not yet convinced of the benefits of it.
Click to expand...

As it turns out, its only 90 days duration even less significant than we thought that first night...the usual Donald Big NOTHING.
 
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