Dow futures are lower by 111, after reports that Trump has ordered an attack on Syria. More than 60 cruise missiles were launched from the USS Ross (no Rick) and the USS Porter. Subsequently, gold, oil and bonds are soaring, which should please the former CEO of $XOM, Secretary of State, Rexx Tillerson.

The US 10yr is down 5bps, gold +1.3%, oil +1.6%.

Asian markets are taking the news in stride, with just 1% shaved off the Hang Seng. Typically, war equates to higher stock prices, so I wouldn’t be surprised to see the market rally after this initial downturn.

Incidentally, I had anticipated this act of war by Trump and had positioned accordingly. Members of Exodus were apprised in real time.

As for the theatre of war. There are 100,000 Iranian soldiers fighting in Iraq, with just 6,000 American. Hopefully, our men and women serving abroad will remain safe, fight valiantly, and with success. The era of Trumpism had ended for me today, as I am dispirited by the actions of a man who promised to avoid this war as the centerpiece of his foreign policy.

The President must get Congressional approval before attacking Syria-big mistake if he does not! — Donald J. Trump (@realDonaldTrump) August 30, 2013

I’ve always hated politics, believing all men and women serving the country were devils. I wanted to believe and placed a lot of faith in Trump. I will continue to report things as I see fit, but gone are the days of Trump getting a free pass here. Hopefully, the lunacy will be contained and the ‘collateral damage’ limited.

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