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.
Make sure you've got a position in these stocks poised to move higher when the bull is confirmed… Full Story
Start the conversation