Have you noticed that when something potentially negative about trade is mentioned, the markets now basically deflect and ignore that "news", but when a positive is mentioned the market pops to the upside? Sounds like a great market manipulation! (Sort of like earnings... companies pre-announce/downgrade earnings estimates... and the market mostly ignores that news. But when the earnings report "beats lowered estimates", the market/issue pops to the upside.) Don't expect the trade thingy to be resolved in any way prior to the 2020 election. It's too good of a manipulation tool.
finally someone woke up and saw it... I posted a few times... market going higher regardless, and it has been since the trade war... and it is a great tool for shaking the tree and get the loose chips (shares) off.
Bull markets always discount bad news. This is a reliable test for the markets's risk tolerance. Its not manipulation, its just the way the market works.
Always read financial news with eyes & mind closed so that our minds are not contaminated. Most news are inaccurate, biased, slow, distorted, worthless, & nonsensical. Also target audience for the news is always not defined. 99% of all news are not meant for traders.
Market "reversion-to-mean" motion is not a pendulum, but a brick-on-a-spring, full of sticktion and bounce. Right now, it *happens* to be storing up all that energy to the left (upside) of the distribution. But when it breaks to the downside (when the market hits "flush"), everybody with a hint of bad news will add that skepticism to the market motion, and we'll plunge downward. "And so it goes..."
Definitely no deal until after the election is over. Everyone thinks there will be a trade negotiation but they are far far far away from any deal.