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Market Snapshot: How the Trump-Xi trade meeting could set the stock-market tone for the summer

Stock-market bulls might find their summer riding on what happens when President Donald Trump and Chinese leader Xi Jinping meet at the Group of 20 summit in Japan in the coming week.

Skeptics argue that investors, after spending May in a painful reassessment of the U.S.-China trade fight, have become complacent once again in the run-up to the gathering on expectations that the leaders will be eager to at least tone down tensions.

If the gathering disappoints, investors are likely in for a “rough July and August” as it finally becomes clear that the trade fight is likely to drag on far longer and than they had anticipated, said Sandy Villere, portfolio manager at New Orleans-based Villere & Co.

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