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A week ago, President Donald Trump told a crowd at the White House that he had a message for Chinese President Xi Jinping.
This week is not the first time the market has risen on the U.S. and China were nearing a deal. A similar situation played out over the summer. Ultimately, those talks came to nothing – with an official telling CNBC that there had been "zero" commitment between the two countries.
The off-and-on nature of the negotiating process has left you in the mouth of some investors.
"I challenge the White House to bring us a deal which we will then celebrate," Ward said. "It's not going to happen."
The trade gambit comes as the president has floated a number of other last-minute policy proposals that experts say are unlikely to come to pass, at least on the timeline the president has offered.
The president said last month that it was working on a "resolution" that would cut taxes on the middle class by the midterm elections, despite lawmakers having left Washington. That resolution has yet to materialize.
He also has an immigrant background, which experts say he would like to make a large re-interpretation of the 14th Amendment to the Constitution – something that is outside the president's executive authority. Trump has said the issue will be resolved by the Supreme Court.
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