Markets found a temporary bottom on hopes of likely trade deals with China, India: Peter Cardillo

​Peter Cardillo, Chief Market Economist at Spartan Capital Securities, observes that trade negotiations are progressing, particularly with China, as the Trump administration appears to soften its stance on certain demands. This shift increases the likelihood of an initial agreement aimed at reducing tariff-related concerns. Additionally, India is anticipated to finalize a trade deal with the United States, further easing apprehensions about its potential alignment with China.