S&P 500 Meets China Tariff Relief
The S&P 500 broke above the NFPs high, and tame unemployment claims are part of the story as the China tariff standoff resolution is up in the air increasingly more. That‘s been the tariff malaise I discussed in yesterday‘s video mapping the positioning for client gains swing and intraday (over 30pts ES and 140pts NDX).
With (all?) the ducks in a row as described to clients, we have seen an important move in USD reclaiming 100 level … and following the UK trade deal framework (outline with with benefits for the two countries), now comes the Trump tweet of 80% being the appropriate China tariff level (negotiations week ahead, be ready for a gap Sunday) together with the initial sell the news reaction that I discussed lately with clients – check also today‘s video connecting the SPX, BTC and USD with gold dots. Just how do yields fit into the picture?
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Coming S&P 500 Range BreakoutHow Long Can NFP Fireworks Continue?
Connecting The NFP's Dots
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