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Reuters.com 11/21/2019 03:44
Assuming away a year-long trade war can be dangerous. Much of the near 8% surge in world stock markets since the start of the fourth quarter, and broader rally in risk assets, has been predicated on at least a partial trade truce between the United States and China that at least stops the escalation of tariff hikes and staves off recession next year. Indeed most of the relatively benign 2020 investment outlooks are based on the same baseline assumption.

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