02/11/18

An Imminent China-US Trade Deal: Signal Or Noise?



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An Imminent China-US Trade Deal: Signal Or Noise?
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With global markets extending on torrid gains for the second day in a row on what has been just one catalyst: Trump's apparent easing in tone over the trade war with China, which started with a Thursday morning tweet (just as the market had turned red after a disappointing mfg ISM report) saying trade discussions with China "are moving along nicely", followed by a Bloomberg News report that Trump has asked key cabinet secretaries to have their staff draw up a draft deal that he hopes will signal an end to the trade conflict, skepticism abounds.

To be sure, the rally in US stocks and ....

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