In the video link below, I go over what has taken place as well as where we turned today and why it is important. Don't be fooled by this massive short squeeze. It is coming to and end maybe we are on the verge of a 1987 crash. Enjoy--G
Special Rate Plans: https://www.sentimenttiming.com/special-pricing-plans-alone/
Theoretically but the deal with China is not based on trade anymore if you follow the specific deal on the table. Trump is essentially saying China must no longer be a communist country. The chances of that happening is almost nil.
The Fed already saved the day. The latest market rebound occurred based on 3 consecutive rate cuts in the next year.
The only way the market trends up (again) is if two things that are unexpected occurs:
1) Fed cut in June (very unlikely and negligent if one does happen),
2) USA-China trade deal before July 1 (very unlikely).
The only thing I question is at this point has he pissed off China too much to the point where they won't even meet with him at the G20 summit? It looks possible as the Chinese President has not even agreed to meet him; to go further, he threatened that no meeting = increased tariffs which only exacerbates the overall picture.
His major talking point was being tough with China, not necessarily making a deal with China. In my opinion, at this point, he has no choice but to stay the course. I see no deal happening until 3-4 months prior to their 2020 election until he may get desperate if his poll numbers are down, then he'll just sign any deal to take credit for "being amazingly tough on China and getting an amazing deal".
I see no reason for the market to re-reach or exceed record highs on any US index unless a Chinese deal is made, Fed drops rates this month, and June's job report is a complete rebound back to the 175-225k+ created. I just don't see any of these 3 things happening.