New North Korea missile tests.  A trade standoff with China.  Fresh nuclear tensions with Iran.  A lot to worry about for sure.  Last week was down across the board, but last Friday had a nice bullish reversal suggesting at least a short-term bounce.

Last week SPY fell 2.18% and Nasdaq 3.03%, the worst weekly loss of the year.  Shanghai Composite was down 4.52% and Japan's Nikkei 225 down over 4%.

Global trade has contracted this year and trade wars with China will only exacerbate things for most economies.

 


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