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Despite having some poor economic news out of the US this morning regarding retail sales and manufacturing output, like clockwork, the President came out with a statement to get markets moving to the upside. We finally witnessed the markets responding to some fundamental economic news as they were in the red in early morning trading. Nevertheless, the President just happened to come out and make remarks about potentially placing a 6-month hold on imposing tariffs on autos from the EU and Japan. More market manipulation – unfortunately.