The new decade started on a tear with U.S. equities (led by the NASDAQ 100) making all-time highs yet again, but it backed off by Friday’s close. The retracement was in response to news of President Trump ordering the killing of the Iranian military leader, Qassem Soleimani who was in Baghdad planning new attacks on American interests. Mr. Soleimani is considered a national hero in Iran, and a terrorist by the U.S. and its allies.
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