Trump may have secured re-election today
President’s decision to call armistice in trade war with China could be milestone on his way to second term
13/10/2019,By DAVID P. GOLDMAN,Asiatimes
Investors greeted a prospective US trade deal with China by bidding for stocks that had suffered the worst in this year’s economic slowdown, including energy equipment, retail and transportation names. The small-capitalization Russell 2000 Index, which had lagged the S&P 500 all year, handily outperformed. The stock market is saying that the economy’s problem during the past year was the trade war, and that a resolution of trade will lead to faster economic growth.
It’s not over until it’s over, but President Donald Trump might have secured his re-election on Friday by calling an armistice in his trade war with China.