THE OPEN

Last night, futures were down.

Yesterday, it was negative talk on trade…which hit markets. Today…the WH leaks out the trade deal is going well. Futures gap up.

There is no template for this nonsense except to take a step back for the second. We don’t think it is hyperbole to say the stance has changed several hundred times.  A lot of stocks showed near-term topping yesterday but that can change on the open as the news is ridiculously fluid. We will hold our tongue on opinion of all this and just stick to watching price.

More to come.