Here is Jeffrey Sparshott’s (Wall Street Journal) excellent piece on market clarity:
Good Day Sunshine
The unofficial mantra of the 2019 economy: Uncertainty is holding back growth. Well…
Trade tensions ease: President Trump agreed to a limited trade deal with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday. Nafta 2.0 is on track for Congressional approval next year.
Brexit clarity: British Prime Minister Boris Johnson won a decisive majority in Thursday’s general election. The scale of the victory makes it all but certain Britain will leave the European Union at the end of next month
Government stays open: Top Democratic and Republican lawmakers said they reached a tentative agreement on federal government spending, likely averting an end-of-year shutdown.
Lower for longer: The Federal Reserve said it isn’t planning to raise rates any time soon. In the meantime, officials are greasing money markets with as much as $150 billion in liquidity.
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