Last week, major US retailers including Walmart, Target and Home Depot met with the White House. Shortly afterwards, the stock market turned around, leading to an extremely strong week in the S&P 500.
Today, Hong Kong based Ming Pao (a reputable newspaper) reports from the Canton Fair, which is an import/export fair and reported that:
It's hard to shake the sense that many people were trading last week on inside information, or at least a strong belief that the White House will substantially ease tariffs. If that's the case, we could see some 'sell the fact' action if/when it's announced.
This article was written by Adam Button at www.forexlive.com. Read More Details
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