“Trump needs a deal more than China does”
Absolutely not. The Communist Party in China could lose its grip on the people if they lose our market. They need us to the point that they could collapse without our consumer markets buying their cheap shite.
Also the PMI index today was a big upward number as well as ADP jobs index, we are not even close to a recession.
If the Fed gets its act together...we may not see a recession for 4-5 years. Manufacturing is only about 15% of our GDP...a downtrend exists there, but even without rate cuts we wont hit a recession for at least another 2-3 years.
Rates will get cut.
Trump wins.
Is it possible that the Chinese government is manipulating our stock market by shorting selected stocks after they back away from a deal?