Well Kim Jong-un has "blinked" as he has now said he will wait before sending missiles towards the US Pacific territory of Guam. He said he was prepared for “the enveloping fire at Guam”, but he said he would watch what “the foolish Yankees” do before taking a decision. The reality is that he blinked because his missiles are not ready. Secondly, if the US shoots them out of the sky, he will look like a fool and have tremendous political pressure and possibly regime change. This stabilizes the international markets and this is why the markets flew up yesterday, and not as much today. The information was already built into the markets and the public is always last to know.
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.