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b'Solid Gains Today in the Major Stock Market Averages
\\nWe had solid gains today in the major stock market averages; the DJIA putting in the largest percentage gain, just over 1.2% or 298 points.\\xa0 I think at the highs, the Dow was up 370 and change, so a strong day, S&P, NASDAQ also up not quite as much calculated as percentages. The Russell 2000 was not up as much as the other averages but it is at a record high again today.\\xa0 I think it\'s the Russell 2000 that ultimately could make the biggest percentage drop once stock market traders start to figure out what\'s actually going to happen.
\\nA Lot of Saber Rattling and Not a Lot of Fencing
\\nBut in the meantime, today, they were celebrating the cease fire in the trade war.\\xa0 Although, I don\'t think I should call it a cease fire because nobody actually fired a shot.\\xa0 It has been more of a war of words than a real conventional battle, I mean there was basically a lot of saber rattling and not a lot of fencing.\\xa0 But I think what happened today is that we callee a truce.\\xa0 Both sides sheathed their sabers and agreed that there is not going to be a war.
\\nThe Markets Have Not Adequately Priced in the Cost of a Trade War
\\nAnd I think the markets were relieved, and so we got a relief rally based on that good news.\\xa0 Although I don\'t think the markets sufficiently priced in the cost of a hot trade war.\\xa0 I know Donald Trump said, "Oh, trade wars are easy to win." Believe me, if they were easy to win, we would have waged one.\\xa0 They\'re not easy to win.\\xa0 I don\'t think the markets really discounted how bad it would have been had the cold war turned hot.
\\nPeace Dividend
\\nNonetheless, the fact that it wasn\'t going to happen - I think most people would agree that a trade war would be bad, and if now there is going to be trade peace, well there is a peace dividend and so we got that today.\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'