Update: Who could have seen that coming?
Time to blame the algos!!
* * *
When in doubt – wheel out Larry Kudlow…
The White House Economic Advisor, under the guise of Plunge Protector, said this morning that:
*KUDLOW SAYS U.S. HAS BEEN WARNING HUAWEI ON SANCTIONS VIOLATION
*KUDLOW: HUAWEI DOESN’T HAVE TO SPILL INTO TRADE TALKS W/CHINA
*KUDLOW SAYS CHINESE CAR TARIFFS WILL COME DOWN RAPIDLY
So don;’t worry about Hauwei, oh and remember how awesome the car tariffs cut will be…
And most notably:
And the result, stocks go vertical…
And the dollar dumps…
Someone please complain about these algos and machines that are ruining our markets… [crickets…]
Let’s see what happens next – after Nasdaq futures were levitated to green.