Editor's Note

Multiple events are causing the S&P futures to decline in overnight trading. The markets were already cautious ahead of potential weekend event risk. The S&P futures are down -5.50 as I type this. With North Korea expected to launch another ICBM on Saturday on their Founders Day anniversary, there is likely to be some event risk selling on Friday. Secondly, about 8:PM the ECB said it would consider tapering QE purchases and the Euro soared in the evening session with the dollar index falling to the lowest level since January 2015.



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