December Weather Report
As we write this the markets are ringing new intraday highs, like the jingle bells on a one-horse open sleigh. This vision brings us much joy. We see these new highs on the tail of what looks like the beginning of a US trade deal with China. Phase one of the trade pact was announced on Friday, 12/13. The full details are not yet clear. What we do know is there will be a roll back of some existing tariffs, and a halt has been placed on duties for Chinese imports that were set to come due this past Sunday. The markets continue to react favorably to the positive tone of trade negotiations between the US and China. It looks like the beginning of de-escalation in the trade talk tone between these 2 countries. We’ll know more by the time our Q4 Update releases early next month.
