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“With global central banks pumping liquidity into the system and investors have a sense that a trade deal is coming that could create more upside,” Yousef Abbasi director of U.S. institutional equities at INTL FCStone told MarketWatch. “The market is telling us that the status quo is fine — we can live with no deal in 2019 as long as we don’t see any new tariffs and the rhetoric stays on the friendly side.”

Abbasi also said that equity markets upward trajectory could be sustained by calendar effects, during a holiday week and heading into the final month of the year. “As you start to get to the period of light volumes and lighter news flow, what tends to happen is that as long as systematically markets are working, they’ll keep up the trend they’ve been on.”

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