The Monday Mix: Dec. 30 – Jan. 5, 2020

Headlines discussed at LNWM’s Monday morning briefing:

Geopolitical tensions flared, after the US killed in Iraq a top Iranian commander; oil prices soared; stocks fell.
A key US manufacturing index fell in Dec. to its lowest level since 2009  (47.2 on the PMI); under 50 indicates contraction.
Phase 1 of the US-China trade deal is to be signed Jan. 15; considerable confusion remains about the details.
Safe haven assets and currencies — gold, Treasuries, Swiss franc, US dollar, Japanese yen — rose on geopolitical concerns.
China replaced its top representative in Hong Kong; ongoing protests there are supported by 59% of the population.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.