‘It’s Hard To See How Trump Can Call This A Victory’, And Other Highlights From SocGen’s Latest ‘Swans’ Update

"Nevertheless, we remain skeptical that [the] partial deal that has recently been the focus of attention can be reached", SocGen writes, in the latest edition of their global risk outlook. "Partial deal" is, of course, a reference to the "Phase One" trade agreement between the Trump administration and Beijing, which continues to serve as a near daily source of rocket fuel for US equities, whenever the White House feels like things might need a boost. The latest batch of rhetoric came on Sunday