"If you have concessions being made like that on one or both sides, it probably means that the worst-case outcome is less likely, which would be a good thing for stocks," Nick said. "In general the market probably overreacted to the trade-related noise that started popping up around March 1. There was this sense that we might get this worst-case-scenario trade war, and that seemed to be priced in relatively quickly, and we're starting to see it priced out of equity valuations now."

Source: Los Angeles Times May 14, 2018 21:22 UTC