If you can ignore 40,000 starving Kurds stuck up a mountain, an ebola epidemic, fighting in Ukraine and countless other terrible stories plaguing the world, you can make a good trader.
US stocks (among other markets) highlight that the market is very uncaring in the main and only deals in a very tight specific “Is it good or is it bad” sentiment. It’s hard to understand sometimes how it can be so heartless but it is what it is.
US stocks are ripping higher as traders feel they can sleep safer this weekend as hostile rhetoric dies down.
The S&P is up 17 at 1927 while the Dow is +150 at 16519. The Nasdaq had put on 33 to the high at 4368. US yields have risen too with 10’s getting you 2.40%
USD/JPY is looking to grab a close above 102.00 and the pound/euro yen crosses have tacked on 25-40 pips since the Russian news hit.
The market may be devoid of feeling but I like to think the rest of us aren’t. If you’re profiting from this news spike then great stuff but take a moment to think about the misery that still abounds some areas of the world.
