Market update-China Comments driving action

First there were bullish Comments from V.P. Pence saying that his June 24th speech regarding China policy will be postponed indefinitely as progress is being made in trade negotiations . This gift that keeps on giving lifted Risk and weighs on treasuries. The euphoria was short lived due to A tweet from the Editor of the Global times the de facto Mouthpiece of Chinese Government basically saying unless all tariffs are lifted getting a deal done will be difficult.A bit of posturing I would say. Spoos erased gains and treasuries barley noticed.Crude oil still trading up +.5% i would think that even though Iran issue has cooled,most people would be a bit nervous being short over weekend

Dollar Index DXY still struggling a bit to break convincingly below 200D MA,Bonds,Treasuries giving back some of this weeks gains which isn’t a surprise to anyone.All eyes on next weeks G20 meeting

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