After yesterday’s absolutely comic session, I am in “ready for anything” mode this week. (And when I refer to yesterday, I am referring to, among other things, the market exploding higher when the Chinese delegation literally announced that they were willing to agree to the anything that both sides agreed on.).
Thus, I went to sleep last night when the ES was up double digits. And now, having awoken to a new day, it is down double digits, since the nauseatingly I-am-so-sick-of-hearing-about-it-for-two-years Trade Talk Optimism has yet again flipped to Trade Talk Pessimism.(more…)