If negotiators can't agree on a 'phase one' deal with China, what hard will 'phase two' be?
Stocks are melting up, investor sentiment has turned glass-half-full, and accommodating central banks have granted extra innings to the economic expansion. It’s all good, right?
What’s more, it’s not clear that there’s much behind the nascent economic expansion. Shearing expects the slowdown in global growth to bottom out in the winter months, in contrast to many other analysts who think it already has hit bottom — then recover over the course of 2020. It’s also important to point out that while stocks have bounced this year, and done even better this autumn, with a 3.7% increase in November alone for the Dow Jones Industrial Average DJIA, -0.96% , a 3.4% rise for the S&P 500 SPX, -0.86% , and a 4.5% surge for the Nasdaq COMP, -1.12% , those gains appear fragile. Stocks tumbled Monday after President Donald Trump said the U.S.
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