After a rip-roaring Monday surge for stocks in the aftermath of that U.S.-China trade deal, investor doubts are creeping back in.

“Instead of an agreement, we would characterize the outcome in Buenos Aires as kicking the can further down the road,” said Charalambos Pissouros, senior market analyst at JFD Brokers. Even so, hopes that “every round of negotiations brings the two countries closer to a final deal is likely to keep market participants happy and encourage them to increase their risk exposure,” he adds.

Is it really so crazy to think that 2019 will bring peace on the trade front? Because things can’t get worse right? Well, actually…our call of the day from Saxo Bank sees another big problem for 2019—as everyone begins to “pay the piper for our errant ways.”

“The great credit cycle is already showing signs of strain in late 2018 and will rip through developed markets next year as central banks are sent back to the drawing board. After all, their money printing efforts since 2008 have only dug a deeper debt hole, and it has now grown beyond their mandate to manage,” said Steen Jakobsen, chief economist at Saxo Bank.

That call comes alongside Saxo’s annual list of “outrageous predictions”—events unlikely to happen, but which could really shake up the investment world if they did. Here are some highlights:

1) Apple AAPL, -3.41% gets funding to buy Tesla TSLA, -9.86% at $520 per share. Saxo’s head of equity strategy, Peter Garnry says it isn’t such a far-fetched idea because Apple has a $237 billion cashpile and needs to “expand its ecosystem.

“Apple has the financial strength to fulfill Elon Musk’s wildest dreams, ensuring that Tesla doesn’t have to balance capital expenditures to cash flow generation in the short term,” says Garnry.

2) Netflix NFLX, -3.39% hit by corporate-credit crunch carnage Garnry believes 2019 will see “credit dominoes toppling in the U.S. corporate bond market, starting with GE, which ends up filing for chapter 11, sending shock waves through the financial system. As the market realizes the Fed has tightened financial conditions too much, funding costs skyrocket for companies, spreading to Netflix with an ugly spotlight on the firm’s leverage.

What’s worse, a negative chain reaction spreads from corporate to high-yield bonds, leading to a ”Black Tuesday for ETFs tracking the U.S. high-yield bond market.”

3) POTUS fires Fed Chief Jerome Powell. Saxo’s head of FX strategy, John Hardy offers this scenario. By next summer, a December Fed hike has proved a bad move with the U.S. economy and Wall Street stocks falling off a cliff. Powell gets the shove from Trump in favor of Minnesota Fed President Neel Khashkari, dubbed the “Great Enabler.” Inflation rises to 6%, Fed policy is stuck at 1% and savers become losers.

Opinion: The stock market made President Trump and the Fed’s Powell blink

As for the rest of that list: Well, it includes, a debt jubilee for the EU, sterling dropping to parity in a political shake-up and a Brexit mess, Germany entering recession, Australia nationalizing its four big banks; and, yikes, a solar storm that causes $2 trillion in damages. Read the whole list—with the lights on of course, here.

The market

The S&P SPX, -1.67% , Dow DJIA, -1.36% and Nasdaq COMP, -2.28% are all lower in premarket after a trade-fueled rally on Monday.

Read: The best-performing stocks in Monday's rally

Crude-oil US:CLU8 is climbing, gold US:GCU8 is inching higher, and the dollar DXY, +0.27% is dropping, notably against the pound GBPUSD, -0.03% on some Brexit headlines (see buzz).

Check out the Market Snapshot column for the latest action.

Europe SXXP, +0.55% is down and Asia had a mixed day, with the Nikkei 225 NIK, -0.05% dropping 2.4%.

Bitcoin BTCUSD, -0.77% , which some predict will soon be worthless, is hovering under $4,000.

Read:Which markets will be closed on Wednesday’s national day of mourning for the 41st president?

The chart

There goes the yield curve, which some say may reflect dents in risk appetite, as our chart of the day of the U.S. government bond curve flattening (particularly among shorter-dated bond maturities), is illustrated by The Daily Shot.

The Daily Shot

“The inversion of the curve which suggests markets are pricing in rate cuts in the coming years may have spooked investors who have previously been very bullish on the U.S. economy,” said Craig Erlam, senior market analyst at OANDA, in a note to clients.

The buzz

Speaking of Apple, shares are down after HSBC cut shares to hold from buy, saying it was “too late to sell, too early to buy."

Exclusive: Marriott MAR, -0.96% says it will pay to replace passports if it is found that a massive hack of 500 million people goes that far. Meanwhile, community Q&A website Quora says a data breach may have compromised info on 100 million users.

Read:Here’s how to protect your personal data when traveling

Marlboro cigarette-maker Altria MO, -0.85% is talking to marijuana producer Cronos CRON, -5.27% about an investment. Cronos is soaring on that news.

Judge throws a wrench into CVS Health Care’s CVS, -0.93% acquisition of Aetna.

After some social-media outcry, ‘Friends’ will live on at Netflix NFLX, -3.39% another year.

A top lawyer at the European Court of Justice says the U.K. can reverse the Brexit decision, news that has sent the British pound soaring. That is as Prime Minister Theresa May’s Brexit proposal already looks dead in the water on a coming parliamentary vote.

Random reads

France ready to yield to “yellow-vest” unrest and back down over fuel hikes

Paul Manafort tried to broker a deal to get Ecuador to hand over Julian Assange

The utter shame of spending yourself into a financial mess

New Jersey’s amusement park is shutting down, but a giant swinging ship is yours for $95K

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