Core Viewpoint - Concerns regarding the US-China trade war are escalating, with potential risks to the market if negotiations fail [1] Group 1: Trade War Implications - Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, indicates that no threats have been implemented yet, but risks will continue to rise if a resolution is not reached [1] - The expectation of US soybean sales to China may not materialize, which could impact agricultural sectors [1] - China's potential restrictions on rare earth supplies pose risks to US supply chains, heightening market concerns [1] Group 2: Market Conditions - The risk of escalation in the trade war is currently the primary concern for the market [1] - Due to high valuations in the US stock market and signs of overheated investor sentiment, the market's buffer against negative news has diminished [1]