The algos have their sensitivity cranked up to ’11’ today…
President Trump said the following…
-
*TRUMP: CHINA WOULD LIKE TO MAKE A DEAL
-
*TRUMP: CHINA SENT LIST OF THINGS WILLING TO DO ON TRADE
-
*TRUMP: THINK WE WILL HAVE GREAT RELATIONSHIP WITH CHINA
-
*TRUMP: DON’T WANT TO PUT CHINA IN BAD POSITION
-
*TRUMP: CHINA LIST PRETTY COMPLETE, FOUR OR FIVE THINGS LEFT OFF
And the machines panic bid stocks…
It appears Trump has discovered the OPEC jawbone strategy: repeat the exact same thing every day, betting idiot algos will buy.
via RSS https://ift.tt/2K9HW3k Tyler Durden