Is trade optimism causing the market to trend higher?

Steve Sosnick, Interactive Brokers’ Chief Strategist, discusses the upward trend in the stock market over the past month.

Some analysts point to the optimism that the US and China may back off from their trade war and reach a deal.

However, while a possible thaw in trade is welcome, seasonal factors and three rate cuts by the US Federal Reserve may be playing a bigger role powering the equity market forward, according to Sosnick.

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