Weekly Market Commentary 12/7/2018

The Santa rally, if it comes, might have to wait until the trade Grinch leaves town. So far, it shows no sign of departing and the door may not open for as long as 90 days, which is the deadline for negotiating an exit strategy agreed to last weekend. That makes for an interesting, and potentially explosive, month of March, when the possibility that two “no deals” involving Brexit and a U.S/China trade accord could potentially blow up the place. If it takes that long for a deal to be worked out, be prepared for a rocky ride in the financial markets as twists and turns in negotiations will light up the twitter feed and hammer investor psychology. We always knew the Ides of March would come back to haunt us.