💥 Iran launched a ballistic missile attack on a US base in Jordan. Counterstrikes against Iran—much like Trump's threatening posts—are unlikely before the Fed meeting, so Kevin Warsh isn't tempted to hike rates. The current probability of a rate hike sits at 29%.
🔽 South Korea's stock market fell another 8% and is now down 35% from its peak. The sell-off was triggered by SK Hynix's revenue report, which came in below estimates, its stock tumbled 10% and is trading 52% below its peak.
It makes sense to stay out of the market today to avoid getting caught in the volatility during Kevin Warsh's press conference.
P.S. Two years ago, Durov was strongly urged to return under Russian protection. If he had listened, he could be facing a life sentence right now 🥷