S&P 500 earnings upside in 2020 will ‘primarily depend’ on U.S.-China trade deal, says JP Morgan
December 10, 2019 at 15:15 PM EST
Lakos-Bujas predicts the Trump administration will eventually strike a deal that leads to a partial rollback of U.S. and Chinese tariffs, and that this move, combined with faster global growth, will push the S&P 500 to 3400 by the end of 2020.