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Stocks Dumped On Trump China Comments

With stocks back near record highs (having recovered quickly from their last Trump-driven plunge), it appears the hubris of market strength rubbed off again on the President as he dropped the following tape-bombs once again raising the rhetoric on any possible trade deal with China:

  • *TRUMP: MAYBE MEETING WON’T HAPPEN WITH XI

  • *TRUMP: I WANT XI TO HAVE A GOOD DEAL FOR CHINA

  • *TRUMP: EXPECT TO MAKE GOOD DEAL WITH XI

  • *TRUMP: WE BUILT CHINA’S MILITARY WITH ALL MONEY WE LOST

Sending stocks tumbling, sending Nasdaq into the red…

Gold rallied a little while bitcoin fell on the news…

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