Stocks, at least, were up Wednesday, breaking a three-day downward trend. It seems any headline about the China-U.S. trade war will bump the indexes one way or the other.
On Tuesday, President Donald Trump said he might not sign a trade deal until after the 2020 election, sending stocks sharply lower. On Wednesday, equities recovered after a report, citing unnamed sources, said a deal was close.
Neil Dwane, global strategist at Allianz Global Investors, said it's surprising the market still reacts after nearly two years of this. “It’s like we’ve all become Pavlov’s dog," he said. "Every time someone says ‘trade deal,’ we go up or we go down.”
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