Trump blinked on trade with China — and it was the right thing to do. Just ask the markets.

Ha. That’s a good one, NYT. The same market that bid up AIG and Enron to absurd heights though both their values were in the negative billions of dollars? That one?

The markets don’t know anything, especially short term. If they are right, it’s by accident.

(BTW, the market is more likely to be reacting to Fed statements and bond yields falling.)