From the moment the opening-bell rang for US cash equity markets, a buying-panic ensued, lifting Dow futures 300 points off their lows...

Quite a comeback and the timing was incredible...

Who could have seen that coming?

At 9:30am, Steven Mnuchin was finally connected to the PPT after holding for 8 hours. pic.twitter.com/Ig4ynW2aZz — zerohedge (@zerohedge) May 6, 2019

Let's see what happens when Europe closes.

There is one small problem, however...

If Trump needs confirmation that blowing up a China trade deal is the right thing to do, a green close should do it — zerohedge (@zerohedge) May 6, 2019

Be careful what you wish for.