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Investors awaiting the G-20 meeting miss a key point: The damage from U.S.-China trade war may be done already

Clive McKeef
Investors awaiting the G-20 meeting miss a key point: The damage from U.S.-China trade war may be done already

U.S. stocks, bonds, gold and oil are all rallying together this week, sustained by the Federal Reserve reassurance that it may lower interest rates soon to help offset the “cross currents” in the global economy generated by the Trump administration’s erratic trade policy. U.S. stocks rallied to new records last week after the Federal Reserve’s suggestion, repeated by Fed Chairman Jerome Powell as recently as Tuesday, that easier monetary policy may be on the horizon.