Cruise missiles have been employed by the United States military (mostly the Navy) regularly, ever since their introduction during the Gulf War of 1991. Though they have been used as a tactical weapon in full scale wars, cruise missiles have mostly been used in limited strikes.
The Fed may have to “sell more securities,” and “as all asset prices adjust to a new and maybe not-so-positive environment,” there’s “a risk that volatile and declining markets can lead to market panic.”
"While predicting the fate of the state and the prince’s success or failure remains unclear, however, thus far MbS seems to be focusing on becoming an absolute ruthless dictator, the only form of governance the population has endured for decades..."
"We have moved our view on stocks from 'buy the dips' to 'sell the rebounds'," said Georg Schuh of Deutsche AM. "I’m not ruling out one final peak in stocks, but we’re getting late in the cycle and we’re starting to see anecdotal evidence that points toward the end of the rally."
Asian bourses and European shares fell after surprisingly bad Chinese PMI and Japanese econ data added to a perceived hawkish tilt in Fed policy emerging from Chair Powell's testimony, however a rebound in US equity futures has pushed the S&P back into the green.