UPDATE So overnight the futures market gyrated around based on the latest rumor. After trading down 300 the DJIA is off only around 60 point now (around 6:30 am CDT)–likely to be a wild time Thursday and Friday. UPDATE
Of course it should have been expected–that there will be no Chinese trade deal at this time–at least those are the rumblings we are hearing tonight and futures are tumbling on the news (of course this could totally reverse by market open).
Of course this silliness had been a continual source of either euphoria or despair for too long–but it likely will continue this pattern for months and months.
As usual we will mostly watch the action without making any moves–but we watch.