If we think about it, nothing fundamentally has changed. It is just a pause, and if anything, the Chinese tariffs are even worse than before.
Is there some belief that this signals that Trump will back off the tariff/trade wars all-together? To me, it seems just like a panic move from Trump's side, and we could very well be in the exact same spot N days/weeks from now.
Or is the current surge just the market trying to ride a short cycle of hype/pump? Seems like some self-fulfilling prophecy where people assume/anticipate that other people will buy.
To me, it just looks like one mean dead cat bounce.