The end of 2019 may have momentarily brought an easing of a number of global risks and fears, but that has all changed a few days into the new year. The U.S. killing of top Iranian general Qassem Soleimani has ramped up tensions between the two nations, sending stocks into reverse and oil prices soaring. But what will happen next and will that trend continue?
In our call of the day, Mike Shell, founder of Shell Capital Management, said the attack would cause an increase in volatility and downward trend for U.S. stocks. Shell said a volatility expansion has been imminent for a number of weeks during a bullish period for U.S. stocks.