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The ability of the US-China signing the first-phase trade agreement is still quite high, which is also a positive factor for US stocks.

Last weekend, US President Donald Trump said talks with China were progressing more slowly than he expected and said China wanted more deals than the United States.

This statement shows that Mr. Trump is still open and willing to have an agreement with China. It is far more positive than the previous negative statement that the White House will not agree to lift current tax rates.