By the time I was old enough to enjoy the movie War Games, the graphics were already a bit out of date, but the relevance of the story is no less significant as when it first debuted 35 years ago.
As the hero David Lightman discovers, war is a strange game and the only winning move is not to play.
It seems the current world leaders have yet to learn this lesson. This week the markets’ focus will be drawn to the global leaders and if/how they decide to settle their differences.
eToro, Senior Market Analyst
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Please note: All data, figures & graphs are valid as of June 4th. All trading carries risk. Only risk capital you can afford to lose.
The jobs report that came out of the United States on Friday was so positive that some financial writers are attributing the morning’s gains in Asia to this.
The numbers were so incredibly exciting that President Trump himself couldn’t help but put out a little spoiler about an hour before the official release.
To the best of my knowledge, this is the first such spoiler in US history and had a number of pundits questioning the legality of such a tweet.
Nevertheless, the report was fantastic, showing numbers that far surpassed expectations.
The effect on the market is most notably seen in the Nasdaq100, which surged right past its psychological resistance of 7,000 points.
Trade War Games
Later this week and through the weekend,