The Hong Kong treason law is knocking global markets. It's unclear how staunchly Western powers will defend the city's freedoms, and risk damaging China ties.
As the president's press conference on China approaches, there is ample reason for some risk-off behavior. Meantime, Zscaler's earnings beat is a good time to take a profit.
Beijing has given up playing the game of pretending that Hong Kong is governing itself. You could potentially be charged under the city's new national-security law.
Call me Mr. Downside.
Markets in Thailand and Tokyo were the main losers on Wednesday, though Asian investors in general appear reassured the worst is over with Iran.
The most interesting market dynamic right now is that bad news, such as a possible war with Iran, mainly is used as an opportunity to put cash to work.
There are 2 trades now, depending on how you see the Iran conflict playing out.
The stock market's reaction yesterday to the Soleimani attack and even more so to the tweet storm from Washington astonished me.
We handicap the potential impact of responses that could range from military actions by Iran and its surrogates to cyberattacks against the U.S. and its allies.
While there is some softness, the bulls are still anxious to put money to work.