The equities markets continued to bounce back from the gap lower Wednesday morning due to escalation in the ongoing trade conflict between the United States and China. Specifically, as China released a list of US exports for which it would apply tariffs, observers began to speculate if this situation would expand to encompass a larger number of US exports. Also, as noted during yesterday’s roundtable, the fact that China has no term limits for the current leadership means that they have a distinct advantage in terms of being essentially immune from the risk of political change leading to the abandonment of new tariff policies. We also still have ongoing uncertainty as to the potential new legislation for social media companies such as Facebook. But overall, sentiment is clearly more bullish over the last two sessions. Here’s what to expect.