December 2019 Review of Markets and EconomySubmitted by Tradition Advisers on December 6th, 2019
Markets have been undermined for weeks by the uncertainty of a phase-one trade deal outlined by U.S. and Chinese trade delegates. Optimism for a probable U.S.-China trade deal stemmed from the progression toward a phase-one deal that might include a rollback of certain tariffs by both the U.S. and China.
Global equity markets continued to elevate in November against a backdrop of political events and optimism surrounding ongoing trade negotiations. With the year end approaching, focus has shifted to the 2020 election, a phase-one trade deal, the Fed maintaining rates, and receding recession concerns.
Other highlights include:
- There were over 71 million taxpayers that fell into the top 50% in 2017.
- Retirees who turn 65 after 2019 will no longer have Plan F as an option.
- Agricultural exports to China have steadily increased over the past few years.