If the market goes up or is flat on bad news then this is bullish?
- This morning we have renewed fears of a Trade war with possible China tariffs in retaliation of possible Trump tariffs on Friday.
- Then, there is the EU press release on digital commerce taxes, affecting the FANGS et al
- 10-yr T-note yields up, at 2.90
- Interest rate hike later, this may already be priced in and there could be a "buy the news" event; it could be even more bullish if Powell's FED tries to dampen the hawkish tone in the policy release.
S&P Futures has taken all this in stride and is flat to up.