Stock Market Correction Hasn’t Begun to Begin! It Will (And North Korea Has Nothing to Do With It)
With the threat of nuclear war with North Korea looming, inquiring minds may be wondering what that threat is currently worth.
The above are charts from Investing.Com.
What’s the Threat of Nuclear War Worth?
If you assign today’s movement to a nuclear war threat here are some possible assignments:
- Commodities: Gold was up less than one percent, silver up a bit more than a percent, oil fell about 2%.
- Equities: The Dow dropped less than a percent, the S&P 500 fell about 1.5% and the Nasdaq about 2.5%.
- Currencies: The dollar index barely budged.
- Bonds: the 30-year and 10-year treasury yields each went down a mere 4 basis points.
Ho Hum. The market essentially discarded the threat of war.