Donald Trump is lauding his "Phase 1" mini trade deal with China, but market reaction seems to have been a little more circumspect. It seems that the US/China negotiations yielded little more than the bare minimum, but at least progress has been made. China agreeing to increase purchases of US agricultural goods, the US agreed to hold off on its increase in tariffs. The agreement is more of a stepping stone towards the potential for further agreement. Although the US is off for Columbus Day public holiday today how traders react to this deal in the coming days could be crucial. Without anything substantial agreed, ... (full story)