Well right on cue, President Donald J Trump took to Twitter earlier this morning to do his best to calm market fears and to “cause” stocks to rally. He once again succeeded in doing so and one has to wonder, how much longer will the markets believe the ‘boy who cried wolf?’ While US stock futures were down significantly, with the Dow down around 300 points, following the tweets, the Dow reversed course and gained 1% for the day. A 500 point swing! All on the back of the statement that China wants to talk and that a deal is possible. How many times have we heard this before and yet we are presumably even further from a deal as we ever were. As was most evidenced by last week’s escalation by both sides. The leaders in Washington and Beijing are playing the role of “strong-man,” and there is simply no way that either man is going to fold like a cheap suit just to strike a deal. As we make our way further into the 2020 Presidential campaign, it appears more and more likely that China will continue to slow-play the trade talks. Perhaps waiting for a new US President or simply applying pressure to President Trump, thereby adding an additional layer of uncertainty to his Administration and his campaign. Regardless, one thing is certain – the credibility of President Trump and his Administration is in serious question. While today’s “market-pumping” statements were centered around phone calls from China to senior US trade negotiators, China is stating that they are unaware of any such calls. This is not good and is just the latest example of a President who is desperate to keep the stock market elevated – even at the cost of the credibility of the Office of the President of the United States of America. Stay diversified, stay vigilant, and stay with The Kapital News. #Recession #TradeWar #Economy #EndTheFed #WakeUpAmerica #Politics #Stocks #Peace