The trading week begins with a spike in uncertainty following last week’s US airstrike that killed Qassem Soleimani, Iran’s top military official. Although most of the major asset classes posted gains last week and still reflect across-the-board profits for the one-year trend, repricing risk has become substantially more challenging – and critical.

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Sec. of State Pompeo warns Iran against attacks on US interests: NY Times
Trump threatens Iraq with sanctions after US troops asked to leave: BBC
Huge crowds mourn Iran’s military commander at funeral in Tehran: Reuters
House to vote on limiting Trump’s military powers re: Iran: CNBC
Confusion hangs over Trump’s Middle East strategy after Soleimani Killing: BBG
NY Fed president: US should stick to 2% inflation target: WSJ
Monetary experts question if Fed can effectively fight next recession: MW
Brexit economic uncertainty spreads near and far: BBG
Revised Eurozone PMI: economy remained near stagnation in Dec: IHS Markit