Trade concerns take backseat as S&P 500 nears record high

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Asian stocks rallied on Tuesday, following a surge on Wall Street that sent the S&P 500 to a near all-time high and the Cboe’s Volatility Index to its lowest level since late January.

The strong earnings season has been the key factor lifting U.S. stocks. With 24.1% earnings growth and more than 79% of S&P 500 companies managing to beat profit forecasts, it looks to be the best earning season in recent history. However, as we get closer to the end of companies’ announcements, the focus will return to trade frictions, geopolitics, and the forthcoming U.S. mid-term elections… Read More

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