FAST FIVE: US Stock Market Entirely Ignores Yet Another US-China Trade 'Progress' Headline
The Wall Street Journal reports that according to a person familiar with the situation, the US and China have tentatively scheduled a fresh round of face-to-face meetings as they seek to close out a trade deal, with negotiators aiming for a signing ceremony in late May or early June.
And what makes it different is this – no market reaction at all to the farcical leak.
Of course bear in ind that this latest preliminary schedule of meetings corresponds to a goal President Trump announced April 4 after meeting with Mr Liu in the White House.
“Within the next four weeks or maybe less, maybe more, whatever it takes, something very monumental could be announced,” Mr Trump said at the time.
Time to 'unleash the Kudlow' to get the market higher.