Today was an off day in stocks from the overnight, with gold and silver catching a bid in response to a heating of the geopolitical tensions over Iraq.
President Trump warned Russia of incoming missiles this morning with a tweet, and Russia pretty much told him to go blow.
From trade war to shooting war, the markets are mildly perturbed by the uncertainties, in the half-hearted sort of a way of the short attention span, hot money addicts.
The Fed gave the markets a thrill with their ‘hawkish’ minutes which were released at 2 PM. But the hollowness of their words were not able to maintain the strength in King Dollar and stocks, and both went out the day in the red after a brief flight upwards.
What’s next? Keep an eye of the news, because it seems like history is getting ready to turn a page, slowly.