'Soft' data continued to charge higher (as partisan panic is scrubbed by string economic reality), FOMC Minutes were a nothingburger (stale as pre-China reversion), and then an FT report that the Trump White House is demanding chip designers don't sell to China sending everything lower into the bell...
The Trump administration is moving to restrict the sale of chip design software to China, people familiar with the matter said, as the US government evaluates a broader policy announcement on the issue.
The Commerce Department’s Bureau of Industry and Security sent letters to at least some of the leading providers of electronic design automation, or EDA, last Friday telling them to halt shipments to Chinese customers, said the people, asking not to be identified because the policy isn’t yet public.
Top makers of the technology include Cadence Design Systems Inc., Synopsys Inc. and Germany’s Siemens AG.
“The Commerce Department is reviewing exports of strategic significance to China,” an agency spokesperson said. “In some cases, Commerce has suspended existing export licenses or imposed additional license requirements while the review is pending.”
Stocks down, bonds down (in price), gold down, bitcoin down..., but all eyes were on NVDA tonight to set the tone from here...
