Adversely Affected

Written by SK Ashby

(Cartoonist - Rob Rogers)

In other news, not so fast -- Senate Majority Leader Mitch McConnell (R-KY) says the Senate will not consider approval of Trump's fake NAFTA replacement before the end of the year.

Meanwhile, the Pentagon's inspector general is reviewing if troops deployed to the southern border by Trump have violated federal law by operating in a law enforcement capacity.

Finally, some traders and pundits say Wall Street has finally wised up to happy talk from the White House about trade talks with China.

Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past.

“This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. [...]

“The reality is those tariffs are still on the table,” White House economic advisor Larry Kudlow said, in response to reports in the Journa, and similarly on Bloomberg. “So, they could not, but they also could. There is no definitive decision on that yet.”

“The market is somewhat skeptical of where we’re going,” Cashin said on “Squawk Alley,” ahead of Kudlow’s remarks.

Uh huh. Trump could announce they have a "deal" tomorrow and markets will jump even if it's not really true. We'll see.