Market Shift: Fundamentals Suddenly Matter

Here’s some of the drivers in the markets today, which might just turn into a fireworks display, and we still haven’t rung the opening bell…

Violence and tensions have heated up around the world. Yesterday Spain was on edge as it suffered a horrific terrorist attack, and later on Thursday, Spanish police have killed 5 terrorist suspects plotting another attack using explosive belts. Here’s an update from Zero Hedge:

The explosive belts worn by attackers killed by police in the Catalan resort town of Cambrils were fake, the Spanish region’s head Carles Puigdemont told local radio station RAC1 on Friday. A suspected Islamist militant drove a van into crowds in Barcelona, killing 13 people on Thursday, and police also said they had killed five attackers later that evening in Cambrils to thwart a separate attack using explosive belts. Puigdemont said bomb experts had now confirmed the explosive belts were duds.

The United States has been mired in domestic violence and hate crimes, and President Trump has been under severe attack by the MSM, not just on TV and radio, but also the print media:

 

 

The United States is on edge, strife with issues both internal and external, and President Trump is putting Homeland Security on Alert:

 

 

The VIX put in a massive move yesterday, and today, “fear” looks like it will be making another run through the markets:

 

 

So for now, fundamentals seem to be driving these markets…

 

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