Stocks are up huge across the board after a weekend of good news regarding President Donald Trump’s trade war with China, announcing a 90-day pause on most tariffs.

Trump is now calling for 80% tariffs ahead of talks but said it’s up to Treasury Secretary Scott Bessent, who is set to meet with Chinese counterparts in Switzerland.

Stocks are up big ahead of the open with President Donald Trump set to announce a “comprehensive” trade deal with the U.K. at 10 a.m. ET.

In addition to AMD, I’m watching Novo Nordisk (NVO), Arm Holdings (ARM), Uber (UBER), DoorDash (DASH) and Carvana (CVNA). 

My sentiment toward the market is shifting to the bearish side after a 13% run higher over the past month. And here’s why…

Microsoft (MSFT) was downgraded and Netflix (NFLX) is down over 5.6% on news that President Donald Trump is now putting 100% tariffs on foreign films.

Stocks are up across the board heading into the final trading day of the week but something big could weigh today…

An hour before the open, the Dow is up 300 points, the S&P 500 1.2% and the Nasdaq 1.8% — all beyond random and very strong.

We have another market-moving report at 10 a.m. ET in Personal Income and Outlays, so I wouldn’t put on any positions until after this data.

Whenever you have divergence, you have a market playing tug of war and we just don’t know which side will win, pulling the other side up or down.