The trade deal agreed to by the U.S. and China diffuses tensions and could help boost corporate profits and the global economy next year.
The trade deal struck between the U.S. and China is still short on details, but it is seen as a positive for stocks since it could boost business confidence and that should spill over to more investment spending and higher corporate profits.
to by the U.S. and China diffuses tensions between the world's two largest economies, and could help boost corporate profits and the global economy next year, analysts say. "I think the greatest news that we're all not focused on is there's no escalation of December 15 tariffs and escalation has come to a halt," said Art Hogan, chief market strategist at National Securities. "We've literally bought the rumor and sold the news."
"I think we'll wake up Monday and see a lot of things that could have gone wrong this week and didn't. This is one of them and the U.K. election was the other. The market tends to be a little fickle in terms of how much was priced in," said Hogan. "This is good news. We put a cap on U.S. China trade escalation."Details were sparse, but China agreed to make some agricultural purchases though it did not state an amount. U.S.
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