The S&P 500 set a record high close at 2,965 points. This is of course on the heels of the US/China trade “truce.” There wasn’t much news here, but the markets are driven by headlines and a truce is better than a further escalation so the markets took a big sigh of relief. Now we know that neither side is in any hurry – so it’s anyone’s guess as to how long this trade war/truce will last. What we must be mindful of as The Kapital News has been stating for some time now, is if and when the Chinese start to become more vocal in the media about the progress or lack thereof regarding trade negotiations. If the President of the United States and his White House make positive remarks, like they have over the course of the last several months, but are now countered by Chinese rhetoric, whom will the markets believe? This is a serious question and as we have predicted, the Chinese are starting to make comments. Check out this episode!