Goldman Is Amazed By The Market's Non-Reaction To The Korean Crisis

One of the recurring themes of broad market complacency has been traders' unwillingness to price in, or even react, to surging geopolitical risk.
One of the recurring themes of broad market complacency has been traders' unwillingness to price in, or even react, to surging geopolitical risk.
US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks.
Gold Sees Safe Haven Gains On Trump “Fire and Fury” Threat
A couple of days, I did a post in which I mused about "One Possible Path", which included this critical element that would precede a market tumble:
Well, maybe we've already got our "something"
Paul Craig Roberts writes that the admirable and honorable truth-teller John Pilger warns us that nuclear war is closer than we think.