tyb/s
>>6025105 lb
sniped da bottom
When you have access to an unlimited amount of money and throw it anywhere you want it's not hard to figure it out. Most, if not all, of that is not very real. They do not do a good job of hiding it any longer.
paper chasing paper
The accounting practices of Wall Street leave much to be desired. It's the same with how they trade those. Very little enforcement of the rules.
Asian Stocks & Bond Yields Jump As Algos Misread US-China Trade Headlines
(getting busy)
US equity futures are up along with bond yields as the dollar fades (and yuan gains) following misleading headlines from The FT reporting US and China officials have resolved most of trade deal issues
“We’re getting into the end-game stage,” said Myron Brilliant, executive vice-president for international affairs at the US Chamber of Commerce.
All sounds awesome right? Bond prices are down (yields up) .
And stocks are surging.
There's just one big thing wrong: Both countries have yet to agree on what happens to existing U.S. duties on Chinese goods and the terms of an enforcement mechanism to ensure China keeps to the trade deal, Financial Times reports, citing people briefed on the talks.
So, in other words - no progress whatsoever as enforcement is all that matters and Trump's threats of maintaining the tariffs as a mechanism of enforcement is certainly something the Chinese - whose economy is awesome again, remember - will not stand for.
Nasdaq futs just took out the highs of the year.
This is heating up frens
We suspect once the humans read The FT article, things might fade.
As we note AUD already is - a currency that should be jubilant on this.
So finally - summarizing The FT article - besides the sticking points that US and China have been unable to resolve for the past 4 months, everything else is resolved.
Trade Accordingly.
https://www.zerohedge.com/news/2019-04-02/stocks-bond-yields-jump-algos-misread-us-china-trade-headlines
https://www.bloomberg.com/markets/stocks/futures
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.kitco.com/charts/livegold.html
https://www.investopedia.com/terms/b/blowofftop.asp