China slowdown bringing them back to the negotiation table a few months into the “trade wars” with US. A hurting China makes more sense for the EM crisis story than Turkey or Argentina. China seen losing the trade war and a roaring US economy give US equities markets a boost. Wal Mart UP 9.3% – increased productivity and margins, acquisition activity, JET growing (lots of hiring), especially in groceries and food watch out Amazon.

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