Sudden Syrian turmoil sent a
mundane market sharply lower. Russia’s
leader, Putin, took a much harsher tone on Syria, indicating that it stands
ready to provide Syrian aid if the US launches a military strike. Prior to this news the market was meandering
around flat line, weighing mixed employment data with the possibility of a
Federal Reserve Bank tapering this month.
Volatility is up sharply. Gold is
up along with oil. The US dollar is down
sharply against other currencies.
Interest rates continue to click higher because of the potential effect
of the reduction of Fed bond buying.
Markets may continue to be driven by news from Syria. It could be a wild
ride!
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