Trader: Trump And Xi Are All That Matter Now
You're at the mercy of the Trump/ Xi Jinping pow wow now.
While tumbling US auto sales dominated the tape on Monday and Tuesday in terms of giving the market a fundamental reason to be skittish, all eyes are now squarely on the Trump's first meeting with the Chinese President.
Whether or not that meeting will yield anything other than a press conference and some conciliatory language on trade is doubtful, but everything - 10Y yields, USDJPY, and ultimately equities will be watching.
As forme
So cunning negotiator and skilled tactician will be meeting with the Donald, eh?
yeah should be hilarious. especially with that smug-ass, skeptical look Xi always has on his face.
I am sure Xi will be better prepared for the meeting. Can Trump handle a meeting of equals?
“Can Trump handle a meeting of equals?”
Trump can only hope that Xi follows Winston Churchill – Never engage in a battle of wits with an unarmed man
Headline #1: “Trump accuses China of being a currency manipulator and threatens to impose steep tariffs on Chinese imports. Stocks rally on promise of increased domestic production.”
Headline #2: “Trump and Xi strike a conciliatory tone and promise to work toward mutually beneficial trade agreements. Markets breathe a sigh of relief and rally on increased optimism.”
Fritz- You got it, Trump will do both but not at the same time. #2 will happen 1st the cordial Trump setting Xi for the wammy , then when Xi leaves Trump will #1 on him.