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Need to Know: Now’s the time to take out some insurance if trade, Fed don’t go the way stocks want, says UBS chief investment officer

A ho-hum week for stocks could end with a pop, thanks to hopes by investors on the trade front.

It could be the mere idea of a planned get together between POTUS and China’s top negotiator Friday that’s driving global equities higher, while talk about details of such a deal trickle out. To be sure, there’s plenty standing in the way of an amazing deal.

Global equities are moving on hopes surrounding Friday’s meeting between POTUS and China’s top negotiator Vice Premier Lieu and moving parts of a deal trickle out . (see Buzz).

There’s “lots of room underneath us” if that meeting disappoints, says Cracked Market’s Jani Ziedins, who also notes plenty of “desperate buyers and reluctant sellers” helping to put a floor under this market right now.

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