US futures pare losses on China headlines

S&P 500 futures are now flat on the day after the headlines on the wires are saying that China is willing to speak to the US and wants to resolve the trade dispute via dialogue. Is that really a new development though? It's funny because these are the exact same headlines we got from one month ago here and they have been at it for a while now.

And as mentioned here, the rest of the white paper on US trade details the same response we've been seeing from China since last week. That is they want to resolve this through talks but at the same time they are not going to back down as well if forced into a corner.

The only positive spin I can see from the Chinese response today is that they aren't escalating the trade war further in terms of actions. Typically when US tariffs go into effect, you'd see China counter back with actions of their own. Today, they seem to be taking on a different approach at least.

So, yeah. I'm not seeing much of a change to the narrative just yet. But once again, it shows how ready dip buyers are to latch on to anything that is remotely positive looking no matter the context.