In New York City at the United States Mission to the United Nations, President Trump on Wednesday told reporters that China wants to make a trade deal.
He said a deal with China could happen “sooner than you think.”
The stock market moved higher on the news.
I have been advising in the EPJ Daily Alert that Trump was likely to declare “victory” in the trade war before the election. With the Democrats in the House now launching an impeachment investigation, the trade war “victory” is, indeed, likely to come sooner rather than later.
The end to the trade war is not the primary reason I am currently bullish on the US stock market but it is a contributing factor. More at the EPJ Daily Alert.