It’s ‘Go Time’ for the Riskiest Equities Thanks to G-20
- U.S. and China agreed to resume talks toward a trade deal
- Premium of defensive stocks over cyclicals has surged again
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Investors just got the green light to play offense.
The Group-of-20 detente between the U.S. and China is feeding the green shoots of an equity rotation to riskier and more cyclically-oriented shares. The S&P 500 Index climbed to a record high on Monday after President Donald Trump agreed to ease a ban on American companies supplying Huawei Technologies Co.