here has been no shortage of optimism in the financial markets as evidenced by the recent advances in the indexes. Most recently, markets have reacted positively to the prospects of several viable vaccines which will hopefully be available by the New Year.
Global geopolitical tensions have spiked since the American raid that killed a prominent Iranian general. The unrest in the Middle East just adds to other concerns surrounding global trade disputes, U.S.-China relations, South Asian border disputes, European fragmentation and decelerating economic growth, among others.
Trade issues continue to cloud the economic outlook as the tariffs constrain spending and companies seek alternative supply routes in their attempts to minimize the higher costs resulting from the implemetation of the tariffs. Geopolitical issues are contributing to the growing uncertainty as we face federal elections year in Canada and the US, turmoil in the UK with respect to Brexit and increasing tensions the Asia (Hong Kong) and the Middle East.