Basically, CHINA says "let us go back to where we were before there was a Trade War and let us start to talk again from that point"
That's why the market tanked, then rose a bit, because people finally realized that the Chinese were playing games, their "proposal" was a joke, and there was no hope of US accepting that, BUT there is now a basis for talking, Trump can relent on some or all tariffs etc, and the most likely outcome is they agree on a few minor issues and decide to resume talks. That will be cause for a big rally since it kicks the Trade War can down the road, maybe real far down the road, like until after 2020 election.
DOW seems to have a bigger problem this morning with BA down about 4% (about 100 DOW points)
Dow futures turn lower as investors focus on US-China trade and ...
CNBC-45 minutes ago
Dow futures turned lower Thursday morning, as investors looked to the two largest economies amid concerns over protracted trade war. Shares of Boeing ...
