Mike’s Morning Brief: A fast-break rundown of what’s going on.
Market opens in the red in the wake of the rising tensions with North Korea. Sparring words between the rogue nation and the US have the world on alert. President Trump said the US would respond with “fire and fury” while North Korea said they might target Guam first. That sent Markets lower with a pretty substantial reversal from gains to losses midday yesterday. Risk is on the rise. It’s actually sort of surprising that we aren’t down more this morning, with the DOW down 60 points and the S&P down 8% as I type. International markets were down 1% overnight. Money is seeking safety, flowing into Bonds and Gold. Financials are lower with falling rates. Oil is catching a bid too. Disney reported a mixed Qtr but the focus is on their shift away from Netflix. The stock is lower in early trading. It’s all about North Korea and Disney today.
Have a great morning,