Just hours after US military officials warned of a North Korea missile launch, Japanese media is reporting that Japanese officials said North Korea may have launched four missiles from the vicinity of Eastern Motoyama. Kyodo additionally reports that the missile launch may have failed, citing unnamed government officials.
Yesterday, just hours after James Comey's hearing on Russian interference in the US election (which provided zero proof, but countless innuendo and extrapolations), we reported that Rex Tillerson planned to skip the April 5-6 meeting of NATO foreign ministers in order to be present at Mar-A-Lago during the first US visit by China's president, and one week later travel to Russia, which as Reuters said is "a step allies may see as putting Moscow's concerns ahead of theirs", or in other words - an intentional snub.
In the latest troubling development to come out of North Korea's increasingly irrational leadership, Reuters reports that the communist country has nothing to fear from any U.S. move to broaden sanctions aimed at cutting it off from the global financial system and will pursue "acceleration" of its nuclear and missile programs, according to a Pyongyang envoy.
Authored by Nicholas Colas via ConvergEx,
Another paradoxical observation emerges when combing through the latest Bank of America data.
First, as discussed earlier today, while a net 48% of surveyed fund managers had an allocation to equities in March, the highest in two years, this flood into stocks has taken place even as the highest number of respondents since 2000 admitted stocks were overvalued.
That was one part.