After a weak open, US equity markets are panic-bid following a headline from China’s MOFCOM that US and China plan to speak by phone again in two weeks…
…and that’s enough to ignite algo momentum…
https://www.zerohedge.com/news/2019-08-13/stocks-spike-china-comments-us-trade-talks
So that is all it took…one headline and the scum front running the Algo’s…….