After Mr Trump’s series of tweets Tuesday morning, ratcheting up pressure on Beijing to quickly reach a deal, we could have expected a severe correction on the stock market. The S&P 500 touched briefly the 3000 mark before rebounding and closing slightly down. This market action points out to the strong internal forces at work since the beginning of the year. Breadth settled on a positive note: 2071 stocks advanced compared to 1647 that closed down. Hedging activity increased swiftly, contributing to improve our risk profile index.