Hopes for a trade deal have sparked renewed optimism among stock investors. It is a cautious optimism, though.
The S&P 500 is less than 2% away from its all-time high after rallying Friday on reports that the U.S.
and China reached what President Trump described as a “phase one” agreement. With its 18% rise in 2019, the index is outperforming benchmarks from Europe to Brazil to Japan.
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