(1) Extending the deadline. (2) Open issues include how to enforce a deal. (3) Trump has a tiff with Lighthizer. (4) Both Xi and Trump need a deal. (5) Once again, “it’s the economy, stupid.” (6) Diverging labor markets: Strong in US, weak in China. (7) The Cheerleader-in-Chief: Trump likes meltups more than meltdowns in the stock market. (8) Global stock and commodity markets discounting a trade deal and better global growth. (9) The forex and bond markets are sitting on the fence. (10) No recession in credit yield spreads.
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