President Trump said Johnson’s win paves the way for the United States and Britain to strike a new trade deal after the Brexit. Market participants welcomed media reports indicating that an interim trade deal between China and the U.S. had been all but finalized. Apparently the optimism about a trade deal prompted the selling in Treasuries as investors felt comfortable enough to sell safe-haven assets and buy riskier equities. The Energy sector gained ground as oil prices rose on the trade deal news. The potential of a partial U.S.-China trade deal has us wondering about the possible return of a Goldilocks economic scenario.

Source: Forbes December 13, 2019 14:37 UTC