Just a quick note to start the day: with the entire Syria issue apparently settled, it’s off the races again for equities, but down-the-train for the likes of oil and precious metals. The assets which enjoyed the fear-of-war price appreciation are losing it, whereas equities are starting to penetrate deeply enough into their topping zones that it’s calling the entire September-is-bearish notion into question. So now everyone’s attention can revert back to Bernanke next Wednesday.
