The market's mirage: Investors might be misreading the trade truce

Diana Nunuț

Markets surged on this week’s de-escalation in the U.S.-China trade war . But the so-called “breakthrough” is riddled with caveats — and investors may be celebrating too soon. To hear many on Wall Street tell it, the global economy just dodged a bullet . Stocks soared . Treasuries rallied. Analysts at Wedbush called it a “dream scenario.” But beneath the market’s exuberance lies a messier reality: The trade war isn’t close to over, and the “deal” investors are cheering may be less a

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