Today, the country still may be more resilient than one man, but that one man seems to enjoy being at the top of a powerful army, and with NK trying hard to push Trump in the war corner, the markets are sensing that we could be edging closer to a major armed conflict.
A market all time high in the context of a major armed conflict does not need many pages of analysis to point to potential risks.
So yes, we opened on a gap-up and closed at the low of the day. This type of move does not tell us anything except that market perception changed yesterday.
The Euro/US$ also confirmed its recent reversal.
Conclusions:
We are well past the point of market analysis here. I believe that central banks will need to come in to the markets sooner rather than later in order to keep stability.
I suspect that we could see a day with a 1% price crash.