The Dow Jones rallied nearly 200 points on trade war hopes, despite billionaire hedge fund manager Ray Dalio's fears of a devastating capital war. | Source: REUTERS / Thomas Peter The Dow Jones rallied once again on hopes of progress in the trade war, as Wilbur Ross and Larry Kudlow both suggested that a deal was getting very close. Given that the stock market has rallied over and over again on similar news, it remains to be seen how durable this rally in the Dow will be as economic data continues to trend lower.