Consolidation

The equities markets traded in and around Thursday’s price range for most of the session. There were no major government decisions made that would strongly move the markets, and thus most of the session was dictated by consolidation, meaning that buyers and sellers seemed equally matched. It is however clear that the United States and its allies are moving closer towards taking military action in Syria, or maybe extending sanctions against its ally Russia. We also have the potential for legislation being introduced for social media companies. But all of these things are being carefully considered and therefore the markets have no major reasons to move strongly in any direction at this point. Here’s what to expect.