Trump has been quiet on the tariff front today and with that it’s no surprise that equities have a bid. The S&P 500 has extended its gain to 2% and the gap lower at yesterday’s open is now almost closed.
It can all change with a tweet so beware.
Some people were pointing out that late yesterday there were bids in Vietnam-related equities like Nike (which has huge factories there). The speculation is that that there could be progress towards a deal there, though there are no real headlines along those lines.
This article was written by Adam Button at www.forexlive.com.
