World: Things were calmer in Ukraine today. Tensions are high but there were no new developments. Latin America was calm as was the Middle East. Tensions are still high across the East China Sea as China seems to be positioning naval assets across the region. If this keeps up there will be further confrontations over disputed waters and territories. Finally, in Europe, the central bank dropped interest rates to negative for the first time and the 70th anniversary of D-Day is celebrated. Though WWII was 70 years ago, we are still dealing with the aftermath today. May we never forget what was fought for and won - freedom!
U.S.: Stocks rallied on the negative interest rate cut by the ECB. Gold was higher but oil was flat. Besides crashing jets in southern California, shootings at a Seattle college, and the usual crimes and tragedies, there were no other major developments in the U.S. today. Things have been remarkably calm for some time. Makes me wonder if something big is coming our way?
It was another day in the calm before the storm.
What do you think?