I wrote an article last night for release this morning, only to find that the US Government fired off 50 to 60 Tomahawk cruise missiles against a Syrian air base overnight. According to the Wall Street Journal, these strikes represent the first time the US Military deliberately attached the Bashar al-Assad government. The US President said the air strikes were in response to allegations that Assad regime used chemical weapons in their attacks in Idlib province. the news hit, the S&P 500 Futures traded down over 14 points. By 8:00 am this morning, the price of S&P 500 Futures recovered to break even. As our readers know, we have been looking for a correction before the next leg higher. Last night's attacks could have been the catalyst to bring on that correction. The actual catalyst may turn out to be a secondary effect. CNBC reports that the Kremlin stated that the air strikes in Syria would do significant damage to US-Russia relations. Remember, Russia has been politically aligned and a supporter of Syria for decades. Furthermore, the President of China, Xi Jinping is in Florida meeting with President Trump. Givens the Administration's stance on border taxes, and local business income tax rates, these are important economic and political issues for the Chinese economy. These talks may now be moot. Time will tell.
