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All time highs indicate rate cuts have already been priced in and any further gains are from sentiment that will correct. China’s refusal to also not remove tariffs from pork and soybeans shows signs that detente is very temporary and Trump’s actions creates a climate of risk. Dip under psychological 300 barrier will induce panic selling as well. Horizon: 2-5 Weeks Stop Loss: 10% Loss Take Profit: 10% Gain
Expecting rally in risk assets following detente in US-China trade tensions. Expecting demonstrations of goodwill to continue leading up to next round of negotiations. Large caps stand to gain the most from calming macroeconomic environment.