U.S. markets are closed for the Memorial Day holiday, and with UK and Chinese markets also closed for various holidays, it has been a quiet start to the week, with S&P futures essentially unchanged, trading at 2,415, up 0.06%, a new all time high.
One month ago, when we first discussed that in addition to the CVN-70 Carl Vinson aircraft carrier group, the US was deploying two more carriers toward the Korean peninsula, some took the Yonhap-sourced report skeptically: after all, what's the incremental symbolic impact of having three, or even two aircraft carriers next to North Korea when just one would more than suffice.
The South Korean fired warning shots Tuesday at an "unidentified object" flying across the heavily fortified border from North Korea Tuesday afternoon according to the Joint Chiefs of Staff. The military detected the object traversing the Military Demarcation Line (MDL) southward in the Chorwon area in the eastern province of Gangwon at around 4 pm.
South Korean army's K-55 self-propelled howitzers fire during the annual exercise in Paju, near the border with North Korea on Monday, May 22.
As time goes on, North Korea’s nuclear program is making war with the United States more and more likely. As SHTFplan.com's Daniel Lang details, we’re on a terrible path that no one knows how to escape from.
