This is Why Market Futures Quickly Reversed

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Hours ago, White House trade advisor, Peter Navarro said the trade deal with China was “over.”

“It was at a time when they had already sent hundreds of thousands of people to this country to spread that virus, and it was just minutes after wheels up when that plane took off that we began to hear about this pandemic,” Navarro said, as quoted by CNBC.

Of course, futures lost its mind over the news.

However, according to Navarro not long after, he walked back those comments.  Now, he says, “My comments have been taken wildly out of context.  They had nothing at all with the Phase 1 trade deal, which continues in place.  I was simply speaking to the lack of trust we now have of the Chinese Communist Party after they lied about the origins of the China virus and foisted a pandemic upon the world,” as quoted by Zero Hedge.

More than likely, the folks at the White House blasted Navarro for his comments.

Not long after, President Trump said, “The China Trade Deal is fully intact.  Hopefully, they will continue to live up to the terms of the agreement.”

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