Stocks Leg Higher-er After US Confirms China Trade Headlines

The Dow is up 300 points, accelerating in the last few minutes after US officials confirmed China’s overnight comments that a phase one trade deal would include tariff rollbacks…

Buy the rumor, buy the second rumor…

Of course, this should be common-sense – was there ever any doubt that a phase one deal would include rollbacks of tariffs? How could they have done a deal otherwise? Notably, the deal remains unsigned…