Insights, Delivered Daily.

Temporary relief of pressure. Stocks rallied yesterday, breaking a losing streak, as China quelled fears and sellers were exhausted. China’s promise to keep the Yuan from falling further gave traders the cue to buy the dip.

Counterpunch! Risk assets were trounced yesterday in response to some aggressive moves by China. China fought back and traders finally opened their eyes to the reality of a trade war.

Wrong way! Stocks sold off on Friday, despite solid employment figures, in response to trade tensions brought on by Trump’s newest tariff threat. Employment numbers coming in largely as expected were not enough to divert attention away from a deteriorating trade situation with China.

Trade tirade! Markets, basking in the warmth of Wednesday’s interest rate cut, got the rug pulled out from under them with a new threat of tariffs on China. Stocks spent the first half of yesterday’s session in the black until Trump’s surprise tariff tweet sent them into a tailspin pushing indexes...

You can’t always get what you want…. Stocks were routed by comments made by Chairman Powell just minutes after the Fed lowered the key interest rate. Traders sold off on fears that there may be no more rate cuts in the future.

Game day. Stocks slid yesterday ahead of today’s big announcement as traders learned, via Twitter, that all may not be so good in Shanghai. The Fed will drive markets today, but yesterday it was all earnings and Trump… and maybe a touch of Brexit.