Good Economic News Again
A strong November retail sales report, soaring business-owner confidence, and good news on the trade war with China this past week propelled the Standard & Poor's 500 to a record-breaking closing high. The U.S. trade war with China, at worst, threatens to shave two-tenths of 1% of U.S. gross domestic product, according to research by J.P. Morgan. The damage caused by the trade war is not as costly to the economy as you would be led to believe from the headlines it has generated for months. However, the prospect of the world's two largest economic powers slugging it out...
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