Investors are finally starting to shrug off trade war worries. 

The benefits from tax cuts outweigh any issues from trade worries, according to David Bahnsen, Founder and CIO of The Bahnsen Group.

"You have $83 billion of additional monies in the economy from just the tax cut alone - not counting $500 billion from repatriation," he said. "And you have a grand total of $20 billion from the impact of the trade war, so far. So the numbers are far more favorable on the tax side."