An Event Study: Trade Truce-Part 1, Or Not?
See if you can find when Trump makes his statement about trade negotiations with China. Winning!
Here is the Dow Jones, 5-minute increments. Clearly, Mr. Trump’s statement had an after-hours impact.
(Click on image to enlarge)
Source: barchart.com accessed 12/3/2019 1 pm Central
To see how the news was incorporated into expectations during non-trading hours, see the futures for the Dow Jones.
(Click on image to enlarge)
Source: barchart.com accessed 12/3/2019 1 pm Central
Disclosure: None.