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Last week, the announcement by the Trump administration on the United States and China reaching a 'Phase One' trade agreement caught the market by surprise. Many, including me, had expected some deferment of a potential deal till after December 15, the date which the next set of additional tariffs would kick in, given the complexity and expressively firm stances by both parties on several items being negotiated. Global stock markets, and, of course, including Chinese ones (FXI)(CQQQ), rose on the news. Some gains were pared as market players