BREAKING: The S&P 500 falls -50 points in minutes, erasing the majority of today’s gain, as dip buyers lose momentum.
There’s the “Wednesday reversal” we called for in step #7 of our playbook.
Investors are waking up to some major news from Trump and Xi:
The 100% tariff on China is NO LONGER going "live."
Instead, President Trump is lowering his fentanyl tariff on China from 20% to 10%, and the overall tariff rate on China is down from 57% to 47%.
In addition, the US and China have reached a 1-year "rare earths deal."
President Xi will be visiting the US after an "amazing" meeting, and President Trump will return to China in April.
This round of the US-China trade war is over.