Week Ahead: Rising Volatility As Markets Await Trade Pact; Oil Slump Continues

With the approach of the Dec. 15 deadline for the next batch of Chinese goods to be hit with tariffs by the U.S., investors—worn out by whipsawing news on whether a trade accord is near—are getting increasingly nervous. To date, neither side has budged from its position. As a result, on Friday, U.S. equities retreated from all-time highs, joining a global selloff, as markets await new trade developments.

China continues to insist that the U.S. completely rollback all tariffs via Phase I of the overall deal. The U.S., on the other hand, is only willing to cancel tariffs scheduled to go into effect on Dec. 15, but only upon signature of Phase I; it insists, instead, that it will only repeal the full array of tariffs when the final deal is inked.

Meanwhile, China’s biggest dollar-denominated bond sale took place last Tuesday. It raised $6 billion for the Asian nation, its . The country’s Ministry of Finance boasted that orders for the sale reached 3.6 times the issuance.

Major U.S. Indices Retreat From All-Time Highs, But Show Gains For November

All of the major U.S. indices—the , , and the —finished lower during Friday’s shortened session after the Thanksgiving break. Trading volume was lighter than usual, about 16% below the 30-day average.

The S&P 500 slipped 0.4% from its all-time high, with every single sector in negative territory. ‘outperformed’ the laggards (-0.1%) with leading the losses (-1.01%). shares were the second worst performers, (-0.65%).

For the week, however, the SPX climbed, (+ 0.99%). Every sector was in the green, except , (-1.57%), which slumped along with the price of oil. It was the benchmark index’s third consecutive monthly advance; the S&P 500 gained 3.43% for the month, 7.4% for the three month period. (+5.95%), (+5.47%), and (+4.47%) shares led the

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