White House: The report on a 90-day tariff pause is ‘fake news’

This is a a real mess.

There was 5 minutes where a headline citing Hassitt was everywhere but it’s now clearly bunk.

Some are saying this did flash on a wire. I didn’t see it on a wire.

In every market crisis, rumors travel fast and people act fast without verifying.

Unfortunately, I think this reversal will clear out some of the bulls and leave them unwilling to buy a dip. the S&P 500 is now down 1.8% after rising by more than 3%.

This article was written by Adam Button at www.forexlive.com.