The majority levels of optimism among political independents are more significant for Trump's reelection prospects -- and something Trump will want to maintain in 2020 to stay competitive.
The PMI data indicate that the US economy is ticking along at a steady but unspectacular annualized rate of growth of approximately 2% at the start of 2020...
For Beijing, the opportunity cost of doing "whatever it takes" to preserve social order and stability is virtually nil, so expect the most unprecedented array of fiscal and monetary stimulus imaginable...