Another reason was found to hit the market when the economy is good and sustained and expected to be of a long duration. Of a short duration are the causes presented as economy killers. They are almost all related to China. We believe that the negotiations between China and the United States on the tariffs and other subjects will end up in favor of both countries’ economies. The U.S. can tolerate a failure of the negotiations but China would pay a huge price in case of its collapse.  

We consider all the negative market’s episodes temporary and continue . . .