Economics
Growth Hopes Intact as Global Sentiment Gauges Rebound
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The latest expectations surveys are rebounding sharply, bolstering the fresh highs being set by the S&P 500 Index and Nasdaq Composite Index. The synchronized good vibes from Japan and Germany this week, coupled with a consumer report last week in the U.S., all highlight a turning point in sentiment as 2019 draws to a close, lending credence to the upbeat investor views captured by a Bank of America Corp. survey of fund managers. Animal spirits may continue with a sooner-rather-than-later U.S.-China trade deal. For more market commentary, see the MLIV blog.