Once again, major market indices hit new records. One of the main reasons is the signing of the Phase One trade deal between the U.S. and China. Trump has agreed to forgo Dec 15 tariffs on Chinese goods indefinitely, whereas China agreed to buy US$16 bil more in US agricultural products in the first year, up from the 2017 baseline of US$24bil.
THE current situation of the financial markets and geopolitical stage can be described with only one phrase: expect the unexpected.
Who could have thought in the first half of the year that stock markets will not only recover from December’s fall but accelerate their growth, hitting record highs.
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