FYI: Several events with market-moving potential are taking place this week.
As the March 1 trade deal deadline nears, the U.S. and China continue to work towards a resolution. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will be traveling to China for more trade-related talks. Investors were rattled last week after White House economic advisor Larry Kudlow said that there was a “pretty sizable distance to go” before the Washington and Beijing could reach a comprehensive trade deal. Those comments sent the market into a frenzy.
Then on Friday, the Wall Street Journal reported that the two feuding nations had not even put together an accord laying out trade agreements and disagreements. With less than one month before the U.S. tariffs increase to 25%, investors will be waiting for any incrementally positive news out of Beijing this week.