Markets Will Need To Price in The Geopolitical Risk of Turkey Come Monday

News of the coup or mutiny or staged political event trickled stateside right as the market was wrapping up a lazy week of drifting higher.  The summer breeze was making everyone feel fine.  Perhaps more than one liquid lunch was enjoyed to cap off the successful week.  Overall the news barely registered as a tingle by the sensory nerves living in our marketplace.

Perhaps it will introduce some volatility into an otherwise docile summer market?  Perhaps, but the cynic in me sees this blowing over fast.  Nobody wanted to entertain a conversation about Turkey over the weekend in real life–people would rather talk about Pokemon.

The model I build every week inside the Exodus Strategy session has been on a steady run, but this week it offers very little.  With no real edge heading into this week, a slow economic calendar, and only boring companies set to report earnings, there is little reason to engage the markets.

The Republican National Convention kicks off Monday–perhaps some ultra-violence down in the drive-through state of Ohio will put some life in the tape.

TBD

Exodus members – The 88th Edition of Exodus Strategy Session is live, go check it out!