With Trump touting a trade deal and more liquidity being pumped in by global central banks, this is a good time for equities, commodities and risk assets.
The market response will not be as simple as 'up on good news and down on bad news.'
The cost will ultimately be small for us and big for them -- and now is the time to do it.
Inflation will be a big theme for 2020 and commodities will benefit the most -- especially copper and iron-ore.
Whether or not tariff increases are delayed or not is the only short-term catalyst that really matters.
And we could be in the middle of the perfect storm for oil markets, where prices can rise aggressively through the first quarter.
The decision by Japan's GPIF, the world's largest pension fund, to suspend share lending removes a big portfolio of international equities from access to short sellers.
The stocks that have performed worst this year will have additional selling pressure in December, but that should set up an interesting 'January effect.'
The Hong Kong stock market rallied for no good reason on Monday and Tuesday, then surrendered those gains; meanwhile, Alibaba easily sold $11 billion in stock there.
The Hang Seng was Asia's biggest gainer among major indexes on Monday even as police cornered hundreds of student protestors.