A rumor of trade war truce sent the main U.S. equity indexes soaring off their intraday lows to their intraday highs within a little more than half an hour on Monday morning, setting the pattern for another volatile session for financial markets.
Investors, traders, and speculators rode stocks back below and back above the breakeven line on dip-buying driven by technical factors as well as hope that any tariff-and-trade-war reprieve will trigger a fresh rally.
