Stocks Plunge After China Trade Delegation Cancels Trip
In a quick change of events, the Montana Farm Bureau Federation said a planned visit by Chinese officials to its state’s farms is canceled. President Donald Trump said he doesn’t want to make a partial trade deal with China and that voters won’t punish him for the ongoing trade war in his 2020 bid for re-election. (TLB)~ed.
This is the catalyst: Montana Farm Bureau says the Chinese delegation has cancelled its US farm visit to Montana, and agriculture officials are returning to China sooner than expected.
Sending the odds of a trade deal reeling…
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Well that escalated quickly…S&P crashed back below 3,000
All major indices erasing all the post-FOMC gains…
Hog futures limit down…
And copper clubbed
The 2Y Yield also tumbled…
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