The firm’s model on corporate earnings and equity valuations suggests that the market has priced in “a partial deal,” one where only some of the issues get resolved in favor of corporate America, according to strategists led by Savita Subramanian. In a best-case scenario, the S&P 500 could climb 5 percent to 10 percent when a “real deal” is struck. Companies from 3M Co. to Stanley Black & Decker Inc. have slashed their guidance this year, citing either trade tensions or weakening demand in China.
from Yahoo News - Latest News & Headlines https://yhoo.it/2N9VCg3
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