A UN No Fly Zone has just been ordered, which may remove some uncertainty from the Libyan situation. Typically market's a nervous before war, it's the not knowing. When war commences, the market has a sense of certainty and typically rallies.
Below is an example, the white arrow denotes the start of the second Gulf War in Iraq.
Obviously Libya is not comparable, but in a micro sense, it may help to spur some market upside that we saw in late day 3C positive divergences in the Q's and IWM. We'll see if history holds.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago