The US and China met the last two days to discuss trade. We’d love it if we heard of an imminent joint press conference. Maybe we’d hear some good news.
But so far we haven’t heard such news.
The Tell
Uncharacteristically, President Trump didn’t expect much to come out of this meeting. When Trump has been confident ahead of a meeting he usually comes away with something.
Not expecting much tells you Trump may have used this meeting for posturing which implies we also shouldn’t expect much.
More Pressure To Come?
Our guess is Trump will use the findings of this meeting to further hard-press China.
China’s stock market and economy have been struggling ever since The US applied pressure. Trump probably feels he has the upper hand.
We wouldn’t guess much comes out of this meeting and, if anything, harder US pressure can soon follow. That pressure would likely further risk China’s economy and financial markets and could be a bad news day for US markets.
