U.S. stocks are nearing a bear market, and there is nothing ahead to give that much hope. The trade war between the U.S. and China will continue to weigh heavily on both economies. White House trade advisor Peter Navarro says reaching agreement with China will be difficult, which is an understatement. China has promised to ban forced technology transfers from foreign companies and to treat them more equitably in investment policies. There has been some improvement in the investment rules, but trust in statements made by Beijing is very low due to past failures to follow through on commitments. President Xi Jinping himself has pledged domestically that the country will stay its course. Cross-border investments have fallen sharply. China cur...