After two gloomy days for stocks at the start of the month which led to the worst December for the S&P since 2008, markets rebounded around the globe following an unsourced Bloomberg report that said the trade negotiations with China are still very much on track “according to people who wish to remain anonymous” (such as Larry Kudlow), yet who apparently are too worried to reveal that they have a different agenda than the president. In any case, the lack of new trade deal pessimism coupled with a report that Chinese Ministry of Commerce spokesman said officials are in “close contact” with U.S. counterparts, even though China officially reiterated that the US must rollback existing tariffs to agree to a Phase 1 deal, was sufficient for global stocks to extend their levitation for a second day and for Reuters to proclaim that…
https://www.zerohedge.com/markets/equity-futures-jump-you-guessed-it-increased-hope-trade-deal
