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The Tell: Stocks could rally another 11% on a U.S.-China trade resolution, says analyst

U.S. stock indexes have rallied impressively in 2019, partly on a more dovish Fed and greater optimism that the U.S. and China will reach a deal that lowers tariffs between the world’s largest economies.

However, the S&P 500 index’s SPX, +0.23% year-to-date rally of 10.9% has led some analysts to predict that the market is setting itself up for disappointment once a final deal is announced, assuming one is reached at all.

Neil Dutta, head of economics at Renaissance Macro Research, however, made the case in a Wednesday research note that the market has more room to run before it makes up the gains lost due to rising Sino-American trade tensions.

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