Hopeful optimism? We've been here before...

  • Enforcement mechanism in US-China trade talks is close to done
  • Says that Chinese espionage issues are separate from trade, economic issues
  • Not concerned about US yield curve, not worried about recession risk

This feels like a paraphrase of the previous edition of optimistic headlines saying that we could've seen a trade deal in April and then May and as of last week, June. Nonetheless, the two parties are scheduled to meet again tomorrow so let's see if there will be anything notable after their talks this time around.