One Option Trading Blog http://bit.ly/2vHtpFl Posted 9:30 AM ET - Yesterday the S&P 500 dropped 50 points on the open. Trump tweeted that new tariffs would be placed on Chinese goods this Friday and the tone has soured. The initial news suggested that Trump was not happy with the progress. Traders scooped stocks on the notion that months of negotiations would not be scrapped and the market recovered half of its gains. Now we are learning that Trump's actions were more than a blank threat. China has reneged on some of the conditions. The S&P 500 is down 28 points before the open. The news is …
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