After-Summit Hangover

The US markets were mostly neutral today. After the summit between Kim Jong Un and President Trump ended early and with better than anticipated results, the markets seemed to breathe a sigh of relief. The VIX declined, at one point slumping more than 2% lower before bouncing back about one hour before the close. Meanwhile, tensions between the United States and its major trade allies continue as the White House seeks to renegotiate trade deals. While this does not necessitate a negative outcome, it does present a continuing risk for investors as they seek to determine the likely outcome of these negotiations so as to be best positioned to benefit from any new agreements. Here’s what to expect.