The algos are loving it… again.
Bloomberg reports that U.S. negotiators have reached the terms of a phase-one trade deal with China that now awaits President Donald Trump’s approval, according to people briefed on the plans.
and the result…
S&P ripped right off of its VWAP…
And Yuan spiked to a new high for the day…
As did 30Y Yields…
Officials are meeting in The White House to get Trump’s sign-off, according to people familiar.
Just one little reminder of what happened two months ago:
Oct 11: Trump says the US has come to a substantial phase one deal with China
Trade accordingly!
