Words Are Enough to Give Markets a Roadmap for US-China Success
A trader works on the floor of the New York Stock Exchange on May 7.
Photographer: Michael Nagle/BloombergMonday’s moderate market reaction to progress in US-China trade talks at least gave investors a roadmap for how a significant breakthrough might play out.
Though short on detail, the declaration from President Donald Trump’s adminstration of “substantial progress” was enough to cause a shift toward assets linked to US and Chinese growth and away from havens.