By Jamie Chisholm

S&P 500 futures have risen about 18% since diving to an intra-session low on April 7. A couple more decent days and they’ll be registering a bull market again.

Traders clearly reckon the stock market overacted a month ago to the potential damage the Trump trade war may cause. Trump’s 90-day pause on his “reciprocal” tariff plan was a significant help in that regard.

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