- Fed held steady last week as economy shows moderate growth and unemployment stays at historical lows. The markets didn’t react much as the no action was widely expected. Fed uncertainty taken off the table for now. https://www.reuters.com/article/us-usa-stocks/wall-street-gains-modestly-after-fed-signals-rates-to-hold-steady-for-some-time-idUSKBN1YF1MB
- Boris Johnson crushed his opponents and the Conservatives have a clear majority for the first time this Century. As predicted by the bookies this is good for domestics that were under a cloud from Labour party head Jeremy Corbyn. There will be trade risks/uncertainty that remerges in 2020 as Brexit negotiations will be public and will dominate news flow. That said this is the best result for the market vs. the alternatives. https://www.reuters.com/article/us-britain-election/let-the-brexit-healing-begin-johnson-pledges-after-commanding-election-victory-idUSKBN1YH18O
- Clear progress was made on the trade deal between the U.S. and China. The additional December tariffs are off the table and China will increase imports, but there seems to be discrepancy with existing tariffs rolling off. The September 15% tariffs were reduced to 7.5% but the 25% tariffs remain. There is still a little doubt in the minds of traders. The markets were strong on Thursday, flat Friday, and rallying again today. Now with the Fed, Brexit, and trade a little clearer, we can temporarily focus on company fundamentals. https://www.bloomberg.com/news/articles/2019-12-13/china-says-deal-agreed-u-s-to-roll-back-tariffs-in-stages?srnd=premium
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