Dow Jumps 200 Points on U.S.-UK Trade Deal Hype—Traders Cheer While Economists Eye the Fine Print
Markets surge as another ’historic’ trade deal gets the headline treatment—just don’t ask about the implementation timeline.
Wall Street’s algo-traders and human gamblers alike piled into risk assets after the White House announced a breakthrough in negotiations. Never mind that the actual terms won’t materialize for quarters—liquidity flows first, details later.
The usual suspects led the charge: financials, tech, and those ever-resilient consumer discretionary plays. Because nothing says ’global economic stability’ like betting on luxury goods during a cost-of-living crisis.
Meanwhile in crypto-land, Bitcoin barely budged—because decentralized assets don’t care about legacy finance’s political theater. Gold bugs scowled into their spreadsheets.
