Buenos Aires Update - G20
It can't be this easy: Trade deal with China = New all time highs across all major market indexes. No trade deal with China = Down, down, down it goes. That would make Friday and Monday good days to hold hedges in the most volatile indexes, VXX, TNA, TZA to name a few. Something I'll be looking at over the next few days and if I find anything that make sense, I'll post it.
S&P Long Term Chart
On the S&P chart below I've drawn a mostly horizontal line from the S&P price level one year ago to where it is today. Despite the a 10 month robust rally Into the October high, it has taken just two months to erase all of that gain.