Can. Road. Kick.

By -

Well, after weeks and weeks of breathless anticipation, here we have it:

……….and this:

So let’s compare where we were on the Saturday following the December 2018 G20 summit and where we stand now. In December:

  • We agreed to backpedal from former strong measures related to tariff increases;
  • We agreed to resume trade talks;
  • China made vague, unenforceable promises about buying farm products from the United States, such as soybeans.

What a sea-change, ladies and gentlemen, from those dark days. Here is where we are at now, with the changes marked FOMC day style;

  • We agreed to backpedal from former strong measures related to tariff increases Huawei;
  • We agreed to resume trade talks;
  • China made vague, unenforceable promises about buying farm products from the United States, such as soybeans.

In case you haven’t’ noticed, everyone – – E-V-E-R-Y-O-N-E is uber-super-bullish right now. Even Atilla from xTrends is declaring loudly that bears are going to be destroyed and “see you at 3450.” Maybe.

And I’ve already stated that, having spent the past decade predicting the end of the world, Elliott Wave will not shut up about the new highs that are coming.

All I want to say, quietly, is that we did indeed get a pop after the December G20. I’ve highlighted it below. The market’s interpretation of the above news between the opening on Sunday evening and the close on Monday will be the most important event of the month.