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S&P 500 earnings upside in 2020 will ‘primarily depend’ on U.S.-China trade deal, says JP Morgan

Lakos-Bujas predicts the Trump administration will eventually strike a deal that leads to a partial rollback of U.S. and Chinese tariffs, and that this move, combined with faster global growth, will push the S&P 500 to 3400 by the end of 2020.
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