US puts visa restrictions on Chinese officials over abuses of Muslims in Xinjiang https://www.cnbc.com/2019/10/08/us-...cials-over-abuses-of-muslims-in-xinjiang.html Just saw this headline, so maybe the selling has more to do with this headline rather than whatever Powell is saying
It was Powell vs China today. Love the reasoning for the visa restrictions. We can't just say it is part of the trade war. Who can even pronounce Xinjiang? I did some research to find video of the comedian that said "War is God's way of teaching us geography", and it's here in the first minute. (warning: thread crossover from the cocktail lounge) The interweb is trying to give credit for this quote to Mark Twain, but it's not in any of his written work.
Looks like the best hope for the market on trade would be a mini deal or tariffs to be delayed . Expectations are pretty low so I wouldn’t be surprised to see us rallying a little bit on any good news
Stocks cut gains into the close on report China has lowered expectations for trade talks https://www.cnbc.com/2019/10/09/stock-market-wall-street-looks-ahead-to-us-china-trade-talks.html Well I am not sure too many people had high expectations for trade talks
The Chinese delegation to the trade talks are leaving early, going by Thursday. Hopes are taking a hit, /ES to 2888.
Looking at SPX futures, 3 hours after the cash market closed. The SPX is at 2885. I'll have to look again at my charts and see when exactly it would make sense to enter long.
U.S. Weighs Currency Pact With China as Part of Partial Trade Deal https://www.bloomberg.com/news/arti...t-with-china-as-part-of-partial-deal-k1k0nzdm Wild swings for the futures tonight, futures still down a little bit but not nearly as much as a few hours ago
I had mentioned my theory says the SPX would test 2950. It hit 2948. I had hoped for the collapse to 2880 and then I could have gotten in for this ride to 2950. Oh, well. Maybe next time
