To take the whole thinin strideropping about a percent on the news or at least the tremors before ultimately rallying. It rallied hard and finished almost unchanged. Theres no universe where we could be down more than south korea on these moves. At least no more worried than you were yesterday. Remember the North Koreans have had Nuclear Missiles forears no they conducted the First Successful test in 2006. All they have done here is go to be able to o ild more powerful nukes like 1952. The North Koreans are never going to use those weapons because even their supreme leleer doesnt want his s untry wiped off the map in retaliation. Beyond that though while everybody was focused on north missed the rate hike bomb. Toy we got a strong employment number from adp which is bad news. Socalled bad news because it suggests the fed can keep tightening and yet at the same time this morning the feds vice chair Stanley Fisher said in an exclusive interview w at he wasnt nuking the market with rate h
Speaking of weapons of mass destruction lets address the elephant in the room at the top of the show frflt the moment we learned last night that north korea may have detonated a Hydrogen Bomb or claimed they did you knew today was going to be a difficult session. Markets like the people that trade them have always had a hard time factoring in potential nuclear catastrophes. It didnt feet great to rush in and take the other side of the trade. The combination of the unknown and inherently irrational north korean government and thermonuclear weaponry is reassuring as it gets. The stock market in korea seemed to take the whole thing in stride dropping about a percent on the news or at least the tremors before ultimately it rallied hard and finished almost unchanged. Theres no universe where we could be down more than south korea on these moves. At least no more worried than you were yesterday. Remember the North Koreans have had Nuclear Missiles for years now. They conducted the First Succ
Thermo nuclear war. Speaking of weapons of mass destruction lets address the elephant in the room at the top of the show frflt the moment we learned last night that north korea may have detonated a Hydrogen Bomb or claimed they did you knew today was going to be a difficult session. Markets like the people that trade them have always had a hard time factoring in potential nuclear catastrophes. It didnt feet great to rush in and take the other side of the trade. The combination of the unknown and inherently irrational north korean government and thermonuclear weaponry is reassuring as it gets. The stock market in korea seemed to take the whole thing in on the news or at least the tremors before ultimately rallying. It rallied hard and finished almost unchanged. Theres no universe where we could be down more than south korea on these moves. At least no more worried than you were yesterday. Remember the North Koreans have had Nuclear Missiles for years now. They conducted the First Succes
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