I am thinking that the market keeps bouncing around in this wide channel, say S&P 2400 - 2800 though June.  Due to the clear lack of fundamental catalysts. Unless ofcourse we get a tangible and credible US-China deal. 

Regarding the US-China Trade deal effect on the market, I kinda still am in the camp that thinks it is mostly priced in at current market levels.  One caveat: if the market heads down toward the 2400 before we get a deal, and then Trump tweets we have one,I believe that would put a solid floor underneath the market. It could easily go back into the 2800s in a hurry.

Trade has been one of the factors of the global slowdown, removing it at least as it regards to US-China, would lift some of the current concerns for a global recession.  After all, US and China GDP have to be somewhere in the 40 to 50% of global GDP. They are the locomotives of growth.

If all that were to happen, the second half would start to look promising.