It feels that way. The good news for my portfolios is I did time the turn in June. Now I am working with profits. One of lawyer advisers always used to talk about - OPM = other people's money. I like it.

Of course, there is a big risk in the trade. If Trump can pull off a China trade deal in 2019, it will slide back. That is fine too as the trade is really a hedging trade = the rest of the portfolios will benefit way more from a trade deal.