Greer adds fuel to the rebound, S&P 500 now nearly flat on the day

The S&P 500 has trimmed today’s decline to just 13 points from upwards of 90 points early in the day.

The latest catalyst was the USTR’s Greer saying that China realized it overstepped on rare earth controls. He also noted there were staff talks going on as recently as yesterday. It sounds like he was marched out to cool market nerves and that’s what he did.

Overall, I didn’t think the flavor of his comments was quite as optimistic as the headlines but the momentum is clearly up right now and Trump has shown that he will TACO at the earliest possible moment.

This article was written by Adam Button at investinglive.com.