BofA says a `real’ trade deal could vault S&P 500 to record high

BANK OF AMERICA analysts predicted that a real deal with China on tariffs and full access to China markets by U.S. firms could cause a S&P 500 rally of 5-10 percent. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
BANK OF AMERICA analysts predicted that a real deal with China on tariffs and full access to China markets by U.S. firms could cause a S&P 500 rally of 5-10 percent. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI
NEW YORK - With stocks rallying this year amid signs of nascent progress in China-United States trade talks, investors may be inclined to conclude that there is not much upside left when a deal is reached. That’s wrong, warned Bank of America. The firm’s model on corporate earnings and equity valuations suggests that the market…

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