Stocks Ramp To Unchanged On China “Breakthrough” Tweet

And just like that, we are unch…

Thanks to a perfectly timed tweet from Global Times Editor Hi Xijin, algos ignited momentum at the cash open, sending stocks back to unchanged on the day…

Based on what I know, China-US trade talks made breakthrough last week and the two sides have the strong will to reach a final deal. Initial statement of the Chinese side is moderate. This is China’s habit. It doesn’t mean China’s real attitude is not positive.

And ramp…

We suspect this run will fade but with bonds closed, there’s no one left to discipline equity market moves.