Dow Plunges To 1-Month Lows As Trade-Deal Odds Plummet

Dow futures are now down almost 800 points from post-China-PMI highs, plunging this morning after President Trump’s comments on a delayed trade deal…

And the market is now discounting less of a chance of a trade deal…

Source: Bloomberg

Once again it seems like bonds were on to something all along…

Source: Bloomberg

Cue – Kudlow to save the world with a “deal is close” headline.