Stocks, Yuan Tumble As Trade-Talks Hit Snag

Having ramped since the cash market open to run the stops over last week’s highs, US equity markets are suddenly tumbling on reports that US-China trade talks have hit a snag over farm purchases…

China is also resisting US requests for tech-transfer curbs and any enforcement mechanism.

The market is not happy…

And the timing is perfect having run the stops and run out of squeeze ammo…

Yuan is back at 10-day lows…

Source: Bloomberg

As trade deal odds slide…

Source: Bloomberg

How long before Trump or Kudlow tweet that a deal is close?