Stock Bulls Pin Hopes on a G20 Trade Truce Paving Way for Rally
- Equity swoon of recent weeks adds to pressure for a deal
- Haverford Trust sees 8% rally for U.S. stocks if truce reached
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Investors stung by the equity rout are looking toward this month’s Group of 20 summit for a breakthrough on trade.
With everything from higher rates to slower earnings growth and political turmoil dogging U.S. stocks, any cooling of tensions between the world’s two largest economies would likely boost equities. Analysts from Morgan Stanley to Haverford Trust see the meeting in Buenos Aires as a logical place for President Donald Trump and his Chinese counterpart to make some progress.