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Tuesday, July 3, 2018

Traders Don’t Believe Trump Will Start Trade War - Focus Is On Q2 Profits


One Option Trading Blog https://ift.tt/2tR1DpC Posted 9:30 AM ET - The market has absorbed negative trade war news and buyers are scooping stocks every time the SPY tests the 100-day moving average. Stocks rallied off of support yesterday and the reversal is spilling over this morning. The S&P 500 is up 12 points before the open. Trump is battling with all of our trading partners and investors are discounting the threat of a trade war. They know he needs to maintain his popularity into the November mid-terms and a market correction would destroy his momentum. If trade talks with China resume, the market will make a …

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