The 2019 year began with the ongoing partial government shutdown, the Robert Mueller investigation into election interference, the continuation of the trade war with China, and a Federal Reserve that rattled markets by raising interest rates four times and stated the reduction of their balance sheet was on “automatic pilot.”

As the 2019 year came to a close, the Mueller Report turned out to be a non-event, a “Phase 1” trade agreement with China was announced, the Federal Reserve cut interest rates three times and began to increase the size of their balance sheet again, and the S&P 500 index rallied by more than 28 percent.

The political drama in Washington continued, however, with the House of Representatives voting to impeach President Trump primarily along party lines, yet the articles of impeachment have not been sent to the Senate at this time. The 2020 New Year began with rising geopolitical tensions as a result of a deadly drone strike on an Iranian general.

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