On Taiwan, EVs, Europe & Earnings

President Trump’s Venezuelan gambit may give China cover to tighten the noose around Taiwan. That could slam global markets and supply chains, William writes, as well as unnerve global AI investors envisioning Taiwan Semiconductor winding up in China’s control. … Also: In the EV market race, BYD is running circles around Tesla. But whether that will remain the case is questionable. … And: In Europe, gradual fiscal stimulus is keeping the economic backdrop stable, Melissa reports, which is keeping stock markets moving higher. Forward P/Es have been capped around 15 since March. … Also: Joe says the absence of Q4 earnings warnings by managements of S&P 500 companies could set the stage for yet another epic earnings quarter.