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Middle Tennessee | I have to say, Mnuchin and Trump have done an incredible job of managing market expectations and manufacturing market moves with their announcements and agenda. Hopefully you know what I'm talking about and I don't need to go through the millions of possible examples.
In soy, traders used to buy into bullish tweets and Treasury announcements, but then they started to fade 'em, and the market began to collapse. Now look at equities last week: trade war escalation announcements dinged the stock market, officials were then to talk it back up with concessions toward Europe, Canada, and Mexico. But the market closed pretty weak on the day. Are equities where soy was a few months ago, where the tweets are getting faded? Are indices gonna pull a soy? | |
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Soy, Crude, Equities in the Tweet Era
