Asia

After President Trump condemned North Korea's "hostile and dangerous" actions this morning, hours after the rogue state's 6th nuclear test, and according to the Kim regime first test of a hydrogen bomb, the press wanted to know one thing: will the US attack North Korea? "We'll see," Trump responded, leaving church when a press pooler shouted a question about if he plans to attack North Korea.

Authored by James George Jatras via The Strategic Culture Foundation,

They say that most of the world’s real dangers arise not because of what people don’t know but because of what they do 'know' that just ain’t so.

As a case in point, consider three things about Korea that the bipartisan Washington establishment seems quite sure of but are far removed from reality:

Delusion 1: All options, including U.S. military force, are «on the table.»

With payrolls looming (our full preview is here), carbon-based traders around the globe are leery of putting on any major trades and so the overnight session has been rather dull, dominated by the now traditional overnight algo-mediated levitation, which means the VIX is lower and S&P futures are once again modest higher as European and Asian shares continue their ascent.

It's groundhog day as S&P futures, European and Asian shares all rise overnight, while the dollar is set to .

S&P futures are higher in early Wednesday trading, alongside Asian stocks and European bourses, both solidly in the green as the EURUSD drifts below the 1.20 "redline" while the dollar rebounds off a two and a half year low following the US "measured" response to North Korea’s missile test, which soothed jittery investors who now turn their focus to US economic data. Equity indexes in Japan, Hong Kong and South Korea also rose while 10Y US Treasuries are steady before the release of ADP employment and GDP data, both of which are expected to show an increase.