The only thing that has been more telegraphed than tapering is the possible attack on Syria. The debate will come to a head tomorrow evening when Obama makes his pitch to the nation for an attack. So over the next 24 hours we’ll see Obama and Kerry get more face time than Ryan Seacrest. Charlie Rose interviews Assad tomorrow night at 8PM. Does the market care anymore? The $SPX was fairly flat Friday and futures are higher this morning. We’ll see.
Japan gets the Olympics for 2020 and overnight Dollar/Yen traded above par overnight. Hopefully they can plug Fukushima by then.
China exports beat estimates for the second month.
Syria will be front and center this week, but “The Fed” will be front and center next week.
$IBM said it will close down its current healthcare plan for retired workers and subsidize healthcare for Medicare-eligible retirees. IBM said rising healthcare costs had made the current plan unsustainable.
Koch Industries is buying $MOLX for $7.2B or 38.50 per share.
Good trading.
Come by for a free trial here.