Naturally one would want to buy stocks as the US begins a trade war with the largest funder of its current account deficit.
Actually, looks more like short-covering to me. They’ve been trying to sell this market for months and keep having to run for cover. Art Cashin of UBS, the CBNC pundit keeps referring to the late summer/early fall of 1987 when the market performed very similarly. It would rally on bad news and squeeze out shorts time after time (until it collapsed 25% in a day and sent New York into a five-year tailspin…).
EUR/USD is at 1.4619 as stocks rally to their highs of the day….
