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Stocks rally on TACO trade but gold prints another ATH - Newsquawk US Market Wrap
Summary by Zero Hedge
3 Articles
3 Articles
Breakfast briefing: Wall Street bounces back; gold hits new ATH
China's exports soar while US exports shrink; India inflation falls below target; Nobel Prize in economics 'proves' creative destruction long term benefits; UST 10yr at 4.07%; gold leaps again, oil little-changed; NZ$1 = 57.4 USc; TWI-5 = 61.9
Markets Rally After Trump China Tariff Threat - TACO Effect Explained
“Trump Always Chickens Out.” That’s what they’re calling it on social media – TACO – and Friday’s market meltdown just turned into Monday’s explosive rally. After the president threatened 135% tariffs on Chinese imports, we saw the worst day since April. The QQQs plunged 3.47%. But here’s what the panic sellers missed… This morning, the markets soared as the president walks back his comments. Again. But that’s not the real story. The real story …
Coverage Details
Total News Sources3
Leaning Left0Leaning Right1Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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