Chinese tariff deal - The devil is in the details.

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Announcements by both the US and the Chinese were made today about the first step to a tariff agreement. 

While it is good to see some type of progress being made on the deal, the announcements didn’t seem to add much “color” to what was agreed upon.  As a result, the early excitement dropped off quickly as shown in the market averages.

A 50,000 foot overview doesn’t provide the detail that the markets, the economy and businesses are thirsting for.

Is that an oasis ahead or just a mirage? Water, please! 

Copyright 2017 Mark T. McLaren