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Investors were once again reminded over the weekend that when it comes to the trade war, threats often do not become reality. 

US stocks were on the rise Tuesday, thanks to signs the US could be approaching a deal with the EU, as well as May’s better-than-expected consumer confidence survey. 

Let’s start with a trade war update. Today’s rally follows a long weekend of heightened tensions, after President Trump on Friday said he would impose a 50% tariff on the EU, sparking a selloff late in the session. By Sunday, though, he had announced a pause on the levies until July… Read more on Blockworks