On Trade Truce, Global Financial Stability & Quarterly S&P 500 Earnings

It’s great that Presidents Trump and Xi are coming to the table, but William argues that markets’ jubilance at the prospect of a US-China trade deal may be inflated. Much still could go awry, and tensions between the two proud leaders could flare anew, with global collateral damage. … Also: Melissa recaps the IMF’s worries about global financial stability as discussed in its newly updated report on the topic. Worrying about a crisis is a healthy way to prevent one, so we’re not overly concerned. … And: Joe shares takeaways from his data on how earnings and revenues estimates have been changing as Q3 earnings season proceeds.