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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