- The new year started last week with a rush of buyers in the equity markets thanks in part to new economic stimulus in China. Banks’ reserve requirements were lowered in addition to lower taxes, fees, electricity prices, and transport costs (specifics are yet to be announced). This stimulus in addition to easing trade tensions and increased global optimism resulted in a .84% advance in the S&P 500 on the first day of trading in 2020. https://www.reuters.com/article/us-usa-stocks/wall-street-starts-2020-with-new-records-on-china-stimulus-trade-hopes-idUSKBN1Z10UT
- The U.S. shook things up on Friday with a targeted attack on an Iran general, regarded as the second most powerful figure in Iran and leader of the elite Quds Force. Markets reacted with a sell off as oil spiked higher. December ISM manufacturing miss also added to the decline. Today speculation on the Iranian response continues. https://www.reuters.com/article/us-iraq-security-blast/u-s-says-it-disrupted-imminent-attack-by-killing-iran-commander-idUSKBN1Z11K8
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