Markets Take the Tit-for-Tat Military Strikes in Stride

Solid bids at the Treasury and JGB auctions could be a signal that the bond market correction has pressed the fatigue button

Key Takeaways

• Markets Shrug Off the Strikes: The attacks are back, but markets have barely responded today. Asian and emerging market equities were little changed. U.S. futures are flashing green at the moment, and the Euro Stoxx 50 is up +0.8%. While some stocks flashed buy signals on Wednesday, market conditions don’t seem conducive to making a flurry of new purchases, and the Nasdaq slipped below some key levels yesterday, which bears watching. No sense in being overly aggressive here.