I feel like I'm trapped in a never-ending nightmare installment of "Deal or No Deal" right now. And I bet you feel the same way.
On Friday, traders were biting like trout; market vibes were upbeat on word of a "partial deal." But then, Chinese government media outlets said, not in so many words, "Whoah – don't break out the champagne just yet!"
So the Chinese have thrown cold water on things, but the administration's still calling this "phase one" of a deal.
I watched Treasury Secretary Steve Mnuchin on CNBC yesterday morning talking about the deal. Questions were coming left and right… and Mnuchin was dodging right and left. It's clear there are a lot of details still to be ironed out, and no one in the White House feels like talking about them.
But still, most of the pieces are in place for a decent run higher, maybe even back to all-time highs. When we see stocks and volatility hit the levels I'm going to show you, we'll know that a respectable bull run is underway.
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.