North Korea fired a missile that flew over Japan and has escalated world tensions and sent the VIX up. This will have an adverse effect on the BAC call alert that we issued today.
The missile landed in waters off the northern region of Hokkaido. Experts say that North Korea appears to have developed an intermediate-range missile.
Markets are on edge because Trump may take action against North Korea to support our Japanese allies. South Korea’s military said the missile was launched from near the North Korean capital, Pyongyang, just before 6 a.m. (2100 GMT Monday) and flew 2,700 km (1,680 miles), reaching an altitude of about 550 km (340 miles).
Minutes after the missile was launched, residents in northern Japan received a text message urging them to seek shelter in a strong structure or a basement.
Markets look to open significantly down this morning.