“The phrase ‘a hard day’s night’ was created accidentally by Ringo Starr, who often combined two phrases to create a new one. This was his way of saying “I’ve had a tough day.” I am sure many market analysts, myself included, feel exactly that way today.
Over the last 36 hours, a multitude of both financial and military events have exponentially ratcheted up the volatility factor. Last night (8:30 PM EST) the United States launched a defined and proportional air attack on Syria. Approximately 12 hours later (8:30 AM EST) the jobs report came out, with numbers well below analyst expectations. Add to this the American-Chinese summit, which concluded today, and you can see why market participants, investors, and analysts had ‘a tough day.'”