North Korea

Frontrunning: June 13

  • The Snowballing Power of the VIX, Wall Street’s Fear Index (WSJ)
  • Beneath the Uneasy Peace Between Donald Trump and Janet Yellen (WSJ)
  • Senators to Query Sessions on Russia, Comey (BBG)
  • U.S. lawmakers to probe Tillerson on Russia, diplomacy budget cuts (Reuters)
  • Under pressure to soften Brexit, PM May to meet Northern Irish 'kingmakers' (Reuters)

8 Killed In U.S Strike On al-Shabaab Militants In Somalia

While the world waits with bated breath to see if Trump will strike Syria or North Korea first in the next planned geopolitical diversion, overnight the U.S. carried out a military strike against al Shabaab in Somalia on Sunday in response to recent actions by the militant group, the DOD said.

North Korea Fires Multiple Ballistic Missiles

The day before "Berserker Thursday" with its UK elections, Comey testimony and the ECB decision, was supposed to be quiet. Instead we had the first domestic Iran terrorism in decades, rising Qatar crisis tensions, the biggest crude crash in months, Germany pulling out of Turkey and stocks of course finishing the day higher. And now, to top it all off, moments ago North Korea fired multiple ballistic missiles.

Buried Beneath The Headlines...

"This morning’s big news is the Chinese announcement they would they would buy more US Treasuries as the Yuan stabilizes. Although the knee jerk market response was to take US Treasuries higher, I wonder if traders are misinterpreting the news."