In his latest action, President Trump fired his next shot today by ordering a review of additional tariffs. This action prompted an immediate and strong response from China.

Today’s decline is the result of a couple of factors, including a stronger dollar and the perception that tension has eased in regards to the trade dispute between the United States and China.

It’s not about nuance, it’s not about the subtleties of trading, rather it’s about a 24-hour market in which traders witness polar opposites in terms of market direction and sentiment.