US and China signed the PhaseOne trade deal yesterday and while there is a lot of skepticism in comments, US markets move relentlessly higher and US500 has just broken 3300 for the first time ever. Technically, a divergence with a 14-days RSI could be a warning but we are yet to see any bearish candle formations. Traders will await a quarterly report from Morgan Stanley and US data on retail sales later today.

Daily summary: Its fear, but not panic yet. Trump has shaken the markets again.
MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections 🎙️
🚨 US100 drops 1.5%, erasing this year’s gains amid trade war fears 📉
China: 5% Growth Without Enthusiasm