It almost feels like the market is somewhat at a standstill. Maybe a calm before the storm. We’ve had little movement in the crypto space from Monday and a decent up day with equities. There hasn’t been any real news to speak of today or at least anything that should move the markets.
The two main news pieces that are of note is the hearing involving Zuckerburg which is essentially a nothing burger. We all know that this is more of a show than anything else. I highly doubt that we’re going to learn anything new or that something actionable would be brought forward as a result of this. And, the other bit of news is that President Trump plans on doing something to or in Syria within 24 hours which I think may have started yesterday?
I think that the problem with the Syria issue is that it is a total mess. Everyone knows that the US wants Assad out and want the resources from the country so they’re looking for any and every excuse they can come up with to remove the government and install their own. Luckily, Russia is well aware of this and is preventing this from happening and allowing this place to turn into another Libya or Iraq. Hopefully cooler heads will prevail on this one and there won’t be any more unnecessary bloodshed. It really doesn’t make sense that with Isis pretty much defeated and everyone watching that Assad would use chemical weapons when he knows full well that it would be found out.
So, we have a pretty mellow market today. The big question on everyone’s mind is whether it will be going up or going down. I think that’s a no brainer as we’re already in nose bleed heights as it is. As we move through the spring the and towards the summer old adage “ sell in May and go away” may very likely ring true this year, what do you think?
Image source: stopmeifitoldyou.com
