Daily Archives: Nov 29, 2017 at 07:21 am EDT

Should Investors Worry About North Korea’s Missile Tests?

North Korea on Wednesday announced that it had launched another missile to test its nuclear-strike capability, which reportedly can now reach the United States. Should we be concerned? Yes, of course. For obvious reasons, every citizen of Planet Earth should be alarmed when a war-mongering government threatens to use nuclear weapons. But as investors, Kim Jong Un’s provocations should be treated as noise.
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Macro Briefing: 29 November 2017

North Korea tests missile that could hit the US: CNN
GOP tax bill clears another hurdle in Senate Budget Committee: RTT
Risk of US gov’t shutdown rising as Trump and Dems bicker: The Hill
Powell tells Congress that case is strengthening for rate hike: Bloomberg
Nat’l Retail Federation: Holiday shopping off to a strong start: MNI
Consumer Confidence Index for US rises to 17-year high: Bloomberg
US home price index rises 6.2% y-o-y in Sep, beating expectations: CNBC
Strong gain for FHFA house price gauge in Q3: Builder
Richmond Fed mfg index rises to 24-year high in Nov: Richmond Fed