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Last week, market participants were fixated on guessing the meeting outcome between U.S. President Donald Trump and Chinese President Xi Jinping that was set to happen during the G-20 Leaders Summit in Osaka, Japan. Mid-week, optimistic guidance by U.S. Treasury Secretary Steven Mnuchin during his interview with CNBC sent bullish bets flying. Despite some profit-taking, stocks generally ended the week higher than Tuesday close.
“We were about 90% of the way there [with a deal] and I think there’s a path to complete this.” - U.S. Treasury Secretary Steven Mnuchin