Coronavirus scare in Asia is causing pressure, but U.S. markets refuse to embrace negativity.
All stocks related to global economic growth, especially China, will get hit as expected demand is perceived to be hit.
Almost 200 companies are slated to report quarterly results, including 43 S&P 500 constituents.
China's economy has broken past the $14 trillion barrier, two-thirds the size of the United States. But population and output increases are at decades-long lows.
The trade deal is done, with many loopholes, and Phase 2 won't proceed until after the election, so all eyes are now on the Fed FOMC meeting at the end of January.
Beijing appears to have eased up on its ban on tour groups and individual travel to South Korea. Watch Korean consumer stocks in 2020 if that continues.
The Taiwan stock market has peaked in the spring three times only to suffer a huge selloff. Can it continue its 31% run after presidential elections on Saturday?
Can we count on the recent uptrend to continue?
Markets in Thailand and Tokyo were the main losers on Wednesday, though Asian investors in general appear reassured the worst is over with Iran.
Drilling is not picking up, despite the rising geopolitical tensions.