Analysts welcomed the de-escalation agreed in Geneva, but told Newsweek that many questions remain unanswered.

Markets heavily applauded a pause in the trade war on Monday, or maybe more accurately, the clarity it brought with it. Stocks were a clear winner as the Dow (DJI) jumped more than 1100 points, and the S&P 500 (SP500) and Nasdaq (COMP:IND) soared 3.

While the White House backed off from its steepest levies on Chinese goods, economists say it’s still too early to declare the US economy is out of danger altogether. Recession risks remain, even if the odds of a downturn have been dialed back a notch.