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.
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?
Iran tension is not the market-turning catalyst one might have expected.
Drilling is not picking up, despite the rising geopolitical tensions.
There are 2 trades now, depending on how you see the Iran conflict playing out.
This strength illustrates how much buying power there still is in this market.