US-China announce Phase One of trade deal
On Friday, the U..S and China initially announced their agreement on the “Phase One” trade deal. While that might have assuaged trade war fears, certain elements of the apparent truce still remain unclear for now.
Thanks to the phase one agreement, China held off tariffs that were scheduled for Sunday on US goods. The proposed tariffs would have included U.S. autos and parts., and corn and other grains. The US also withdrew from its prior plan of slapping 15% tariffs on $160 billion worth of Chinese imports by Sunday.
Reuters reported that U.S. Trade Representative Robert Lighthizer told reporters that China would buy at least $16 billion more agricultural goods in each of the next two years, adding to the 2017 baseline of $24 billion. The report also mentions that Beijing agreed to try for $5 billion more in additional purchases each year – that would leads to total additional purchases of $40 billion to $50 billion.
Some existing tariffs on U.S. imports to China remain, just as the U.S. maintains its already-imposed tariffs ranging from 7.5% to 25% on about $370 billion of Chinese goods. White House economic adviser Larry Kudlow told Fox News' Maria Bartiromo that he sees the existing 25% tariffs on $250 billion on China as "insurance" to get China’s compliance with a deal.
Lighthizer indicated that the phase one deal includes structural changes by China such as commitments on ending pressure for U.S. companies to transfer their technology, and improved protections for intellectual property.
However, the phase one deal’s success could critically depend on whether and by how much the U.S. will roll back other tariffs, and when.
Both China and the U.S. would still need to officially sign the agreement, which Chinese officials said requires legal review. Lighthizer said both countries hope to sign the deal in Washington in early January.
SPY in +0.95% Uptrend, growing for three consecutive days on July 17, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SPY advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 429 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on July 15, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on June 26, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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