Barclays says they are looking for a melt up in stocks - "our highest probability outcome"

Via a note from Barclays, citing the US China truce and :

Fed will still embark on an easing cycle … weakness in global manufacturing continues unabated and the subdued inflation and softening inflation expectations will likely prompt some 'insurance cuts' from the Fed

Barclays says to expect what they call a mini bubble. They say a further 10% higher for stocks is their most favoured, with a with a 65% probability, scenario.