Two little words was all it took to ramp stocks back into the green after they bounced off the 200DMA shortly after Europe closed…
First thing this morning we said that “traders are on edge ahead of the US-China trade talks taking place today and tomorrow.” And moments ago, we finally got some tentative indication of how the first day of negotiations concluded:
White House Economist Mark Calabria commented after the first day of trade discussions in China that he was “optimistic” and that US has “discreetly” given China a list of asks and that the day ended “pretty positive.”
And that was enough to ignite the momentum into the green for the day…
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