Stocks are getting slapped upside the head in a second negative trading session, after tensions escalated in a fiery exchange between between the United States and North Korea.
Small caps are getting murk’d with the Russell 2000 down nearly 1% as of this writing.
And the VIX is is spiking:
Gold and silver, meanwhile, are loving the prospect of WWIII:
North Korean state-run KCNA news agency reported that North Korea was “carefully examining an operational plan” for targeting Guam with “enveloping fire” using a medium-to-long range ICBM, after Trump warned earlier in the day that any provocation would be “met with fire, fury, and frankly, power, the likes of which this world has never seen before” after a Washington Post report that claimed Pyongyang was capable of building a nuclear weapon able to fit inside a long range missile.
Meanwhile, U.S. Secretary of State Rex Tillerson dialed back President Trump’s comments, saying there was no sign that the threat level from N. Korea had changed, and Americans should “sleep well at night.”
Looks like markets aren’t buying it…
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Markets are irrational…no need to react to N.Korea nonsense.