"What Fresh Hell Is This" -- Dorothy Parker -- May 5, 2019

So, what headlines brought this on (see futures below)?

Mideast:

• Iran behind events along Gaza / Israeli border?
• "all-out war imminent" per Drudge Report banner?
• massive rocket barrage deep into Israel?

NK:

• resumed launching missiles?

US Congress:

• ready to impeach?
• ready to subpoena?
• ready to seat Mueller

China:

• trade talks dead?

Venezuela:

• Bolton's Bay of Pigs?

That telephone call?

• a 1.5 hour Trump - Putin chat; more than just sharing a few jokes
• if one looks closely, ones Putin's fingers everywhere: Cuba, Venezuela, North Korea, Iran

Profit-taking?
 

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With WTI down over 2% and trading just above $60, I suspect it has to do with the China talks, and not the Mideast flare. We'll see what twitter has to say. Earlier today, one credible source predicted "this" but unfortunately I did not take a screenshot, and I don't recall the issue, but I believe it was the 25% tariffs on Chinese goods not yet affected by the higher rates.

Twitter will provide insight overnight. The Drudge Report probably won't post "the banner" until after the open.