Bonds have gievn up, comodities have given up, inflation expectations have given up, bank stocks have rolled over, and even 'soft' data is starting to rollover... still the 'rally' is in tact, it's just a fleshwound according to the business media...
Just when a few hours had passed without any escalation around the Korean Peninsula, The Guardian reports that the US military is considering shooting down North Korean missile tests as a show of strength to Pyongyang according to two sources briefed on the plans.
As the USS Carl Vinson heads towards the peninsula, along with two oither carriers, the Pentagon is looking for ways short of war to pressure North Korea into denuclearization, particularly if Pyongyang goes forward with an anticipated sixth nuclear test.
Gold Bullion Erases Post- Election Fall as Trump Wrong on Dollar - Daily Prophet
Robert Burgess of Bloomberg ProphetsPresident Donald Trump sent currency markets into a tizzy late Wednesday when he signaled his preference for a weaker dollar. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me," Trump told the Wall Street Journal.
European stocks slide as traders returned from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8, in a move aimed at strengthening her hand going into Brexit talks; the FTSE 100 dropped 1.3%, on the news, hitting the lowest since Feb. 24 while 10Y Gilts dropped below 1% for the first time since October.
Authored by Sukru Hanioglu via The Strategic Culture Foundation,
The historic breakdown in Anglo-Ottoman relations is a useful model for evaluating today’s troubled alliance between the United States and Turkey