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China Cancels Soybean Roadtrip

09-20-2019

The market was just slightly higher through midday, with not much taking place. But in the afternoon, news that a Chinese farm delegation cancelled its trip sent the market lower, and with two hours to go, when I had to leave, the Nasdaq was the downside leader, losing 1%.

Doesn't Amount to a Hill of Beans Away from stocks, green paper was a little stronger, fixed income was about slightly higher, and the metals were green, led by a 0.75% gain for gold. The miners were nowhere, although parsing the action of the miners versus the metals on a daily basis is not all that informative.