Expectations for China are turning negative and the market is suffering. Up one day, down the next on the potential trade deal with China. As details begin to leak out, analysts are concerned President Trump is going to be so desperate for a deal ahead of the 2020 election that he might accept a watered down deal with an agreement to continue talks well into the future. China has said there would be no deal without a complete lifting of tariffs and the US is saying they will keep some tariffs until China performs some of the agreements in the deal on things like intellectual property.
The date now has slipped to "late March" or the "end of the month." The longer the delay the less likely a meaningful deal will be completed. The market is sensing this and cautious investors are starting to take profits at the current strong resistance.
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