Watch the property market more than the trade war for a real indication of where the Chinese economy is heading next.
The IMF's reduced global growth forecast, slower growth in China and Brexit uncertainty are among the negatives.
Market volume has been below average the last couple weeks, but could pick up as the mood swings from one of caution to fear of missing out.
It's centered around a few themed negatives, all forcing their own various uncertainties into free market price discovery.
The idea that the lows of December could be retested now seems far-fetched.
Financial advisors are usually referring to buying stocks and ETFs that have relatively high covariances in performance with the S&P 500.
The kick will come from the Chinese capitulating because their economy is so weak.
The Lord is said to work in mysterious ways and so does the Hong Kong stock market, where the reasons behind wild swings in individual stocks are often hard to nail down.
Banks' quarterly reports mean quarterly grades are due.
A potential peel-back of trade restrictions is taking TSM higher, but politics still play a role.