Markets were mostly higher on Friday.
The S&P 500 rose less than 0.1 percent while the STOXX Europe 600 rose 0.2 percent and the Nikkei 225 jumped 1.2 percent.
Trade remained a concern. Richard Weeks, managing partner at VWG Wealth Management, said that “over the longer term a trade war could be very damaging”.
However, Weeks also said that “stocks still look better than bonds, and there are enough positives that you can’t be too negative”.
Nobel laureate Robert Shiller said that the stock market is “highly priced” but “could get much more highly priced”.
“It has something to do with our president, who is an exceptionally business-oriented president and who wants to deregulate and favors lower taxes,” he said.
Analysts at Société Générale are less enthused about US President Donald Trump's impact on the stock market going forward.
“The U.S. mid-term elections on 6 November might, in the end, prove to be the peak of this atypical U.S. market cycle, with fund managers starting to focus on the risk of a standstill for the U.S. government with no key reform agenda until the end of Trump’s mandate,” they wrote in a note.
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