Stocks started the day lower after D. Trump tweeted that US missiles, would be soon be heading towards Syria. Russia responded that Russia would down these missiles and the platform from which they would be fired (read US carriers?). Markets got bored and unimpressed at this inept form of US government and proceeded to buy the dip. Oil gained nonetheless as it also looks towards the US renewal of sanctions against Iran.
While investors gave the impression to hold the tape and buy the dip, some reversal occurred later in the day after the publication of the last Fed minutes that looked a little more hawkish than expected. This enabled the dollar to regain some poise and gold to halve its 2% gain while stocks turned lower closing down 0.5% for the s&p500 and a little more for the tech stocks which continue to struggle to get out of their flunk.
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