Today in conflicting signal headlines jerking markets every which way: Bessent: sees de-escalation with China and situation unsustainable. Bessent: China negotiations will be a slog

Meanwhile Bessent: It'll be a slog. At least coordinate your messaging.

"We're close to trade deals" "They may take months" Right. Months to reach trade deals (maybe) is a formula for a recession in the meantime.

And the cave 😂

IG spreads ripping higher ahead of futures open following Trump’s comments on China and Powell.

Futures open

Welcome to the headline casino 😂

Bravo.

Trump: We'll have a trade deal with China soon. Bessent 👇

That clears it up.

"We continue to have a strong dollar policy". ?

Reality check: Bessent has to refinance trillions of dollars in government debt this year. He needs lower yields. Hence he had one job today: Restore confidence & thereby get yields to move lower. Take the edge off so to speak. But no, let's randomly put out a 2-3 year time

Asset managers better hope this rally doesn't keep going or risk being left behind/having to chase higher up. They vastly further reduced exposure during the initial bounce off the lows and hardly added exposure since during the 14% move off the lows. $NAIIM

This.....is quite the quarterly candle on $SPX Quarter far from over & a lot can happen but still: Lol Bulls want to close the quarter above the quarterly 5 EMA, bears below it. Key historic control pivot. Price now right at it.

Sentiment: Surely 2025 headlines can’t get any weirder. 2025:

After all that's been happening what if I told you the broader $NYSE Composite index $NYA is down only 1% YTD?

Lutnick.