Trump-Xi Summit: The Truce Already Rolled. What Can Still Move Markets?

The 90-day trade truce just got extended to Jan 10, and markets are already pricing in this calm stability. [Right now the S&P 500 is hitting new highs but rally breadth is super narrow](https://www.moomoo.com/news/post/1000142494?global_content=%7B"promote_content":"11067213","promote_id":20795,"promote_type":43,"sub_promote_id":1%7D)—only a handful of AI megacaps are carrying the whole tape.

We’re looking at 3 scenarios: 70% chance status quo holds, 20% modest upside, 10% tail risk breakdown. No need to chase bold trades here, grabbing cheap index puts to guard against random headline gaps is the move. Anyone else positioning for the small chance of a volatility breakout?