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The stock market’s next step could be its most pivotal

“But if the trade skirmish escalates into a full-blown trade war, that will swamp the fundamentals and equity markets will really suffer” writes Markets Reporter for The U.S. stock market’s bulls and bears have for months been a arm-wrestling match with no end in sight.If the issue becomes a full trade war, the S&P could drop 21%, enough to put it in bear-market territory.The market’s general momentum and sentiment are still positive, and we’ve yet to see the full effects of the tax-cut legislation.

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