The hyper-trade-sensitive stock market jumped in the early afternoon after reports from The FT that USTR Lighthizer had told some industry executives the next tranche of levies was already on hold.
While the reaction was slow to form, there is little other catalayst for the ramp narrative…
Bond yields inched higher and while Yuan gained, the usd was unchanged.
One thing is sure – manipulating the stock market over short periods of time with a fake trade-war headline is likely at its most profitable right now.
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