Over the last two weeks, the Dow Industrials rose eight of the ten sessions, tacking on more than 800 points for a 3.2% increase and spreading optimism that the bull market is back on track. The Dow hit two records highs this week.
According to the Wall Street Journal, investors seems less concerned about the developing trade war between the US and China. However, Monday a 10% tariff will be imposed on $200 billion of Chinese imports, and the tariff is set to increase to 25% at year end, which begs the question: Will the Chinese retaliate? Trump is on record for saying that if the Chinese impose tariffs on US exports to China, he will slap still more tariffs on Chinese goods sold in the US.