According to Commerce Secretary Wilbur Ross, the U.S. and China are “miles and miles” away from resolving their trade war. Moments later, Mario Draghi declared that “significant stimulus remains essential” and that risks are to the downside.
The twin salvos sent the futures back to flat as we approach the open, despite the support they’re getting from VIX and the dollar. Yesterday, we got the lower low we were expecting. Can SPX pick up the SMA10 tag as well? And, might this be the early stages of a rollover?
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