Nick Nasad
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S&P500 - Boehner Rattles Markets as He Agrees with Military Action vs. Syria

The early rally in US equities this week was hit with a risk-averse headline when John Boehner said that he would support military action against Syria, clearing a roadblock for the President's plan to attack.

  • The news stalled the S&P500 at the 1648 area, where it proceeded to fall back down to 1636.
  • Will this create a further risk-off tension during the rest of the NY trading session and as we move into the middle of the week? 
  • If so, then the JPY could be a benefactor as it has been sold early this week on account of more risk seeking by investors. 

- Nick