this is part of the reason the market sold off
Sven Henrich
@NorthmanTrader
We have no agreement.
We have nothing in writing.
We have agreed to discuss a process on how to consult during which we will discuss what to agree upon.
Now get ready for phase 2 and meeting #14.
Trade wars are easy, didn’t I tell you?
The market didn’t “sell off” as you put it and didn’t drop 100 points before the close for any other reason than normal profit taking after a substantial run up and before a weekend.
As for “no signed agreement”, you have no idea what was or wasn’t signed although my guess is there was a signed document of agreement on principle with formal docs to be signed at a later date. The whole thing has to be ratified by the Senate anyway.