U.S. stocks climbed cautiously higher Friday afternoon, trading well off intraday peaks, after President Donald Trump and Chinese officials announced a trade pact that includes a rollback of some tariffs, scrapping of a threat to impose further duties set for Sunday, and promises of targeted U.S. agricultural purchases by China.
As the dust begins to settle on what appears to be a phase one trade deal between the U.S. and China, and yes there are several unanswered questions yet to go, at least some of the recent uncertainty gripping the markets has retreated, but not all of it.
Phase One Took a Portion Out of the Trade Uncertainty but Not All of It
The Art of the Farce
The China trade deal is a joke.
It's an agricultural purchase deal without text, contract and foundation.
It is not even being disguised as anything other than an ag deal.