US equity market abruptly jerked lower after President Trump told reporters that the US remains "a long way" from a trade deal with China and that he could "impose more tariffs on China if he wanted." Trump also whined about The Fed and China's relative power, noting that "Xi is effectively President and his own Fed Chair," saying that rates in China "are exactly what Xi wants." Stocks are almost perfectly mirroring yesterday's price action... Of course the market's drop is only modest suggesting no matter what, hope is high in the new normal - no trade deal means moar Fed; trade deal means moar trade - win, win, right? This is easy.