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President Trump said tariffs on China will "come down substantially," though they would not be reduced to zero.
For the time being, stockmarkets have stopped convulsing and the prices of American Treasury bonds are no longer in freefall.
Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war.
Despite a forward P/E of 83.1x, Tesla’s high valuation, mixed analyst sentiment, and insider selling suggest holding current ...