Markets ended the week on a high note, buoyed by positive trade developments, constructive Brexit talks and the extension of Fed T-bill purchases. While trade is not resolved, sentiment appears to have shifted in favor of the bulls this week.
After monetary policymakers took action to lower interest rates and ease financial conditions, they have been asking for fiscal policymakers to enact stimulus though stepped-up government spending and tax cuts—they may be starting to get their wish.
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