Puppet Masters
"Appetizer, not the main course," the bank's strategists wrote, describing the beginning of the year for the Dow, as quoted by Bloomberg.
The main threat to the stock market is higher bond yields and not faster inflation, according to analysts. A slowdown in the US economy could also be a factor for a decline in stocks.

US forces are seen at the Kurdish People's Protection Units (YPG) headquarters after it was hit by Turkish airstrikes in Mount Karachok near Malikiya, Syria, April 25, 2017
Russia has urged the US-led anti-terrorist coalition to cease its "occupation attitude" in Syria, Russian Ambassador to the United Nations Vassily Nebenzia said at the UN Security Council's session on Saturday.
"We insist on the immediate cessation of the occupation attitude of the so-called coalition, which will have, among other things, a distinct humanitarian effect. It would allow the Syrian government to engage in the restoration of a normal life on all territories, liberated from the terrorists," Nebenzia said.
Comment: During negotiations on a UN Security Council resolution on ceasefire in Syria, Russia sought to prevent the document from becoming a pretext for military action in Syria, Russia's UN envoy, Vasily Nebenzya, said on Saturday.
"The reason why we negotiated for so long on this resolution is that we wanted to make sure that it is not used as a pretext for any military action," he said. "We heard some worried comments on that in recent days and including today, some of them very bellicose. And we said it clearly that we won't let anyone to interpret this resolution as a pretext for military action," the Russian diplomat said.The US military presence in Syria is aimed at solving "geopolitical issues of doubtful legitimacy," Russia's UN envoy, Vasily Nebenzya, told the UN Security Council on Saturday.
"The aim of fighting with terrorists should not become a disguise for solving this or that geopolitical issue of doubtful legitimacy, which is exactly what the United States is currently doing in Syria," the Russian diplomat said after the unanimous UN Security Council vote to adopt a resolution on Syrian ceasefire.See also: UN Security Council unanimously votes in favor of 30-day Syria ceasefire
"Iraq has the right to own cutting-edge weapons to defend its territory and air space from air attacks," he said. "Terrorism targets our country abundant in places sacred for every Iraqi. There are signs and warnings that extremists might use aircraft for attacks on those shrines, which cause lots of worries and anxiety in the country, as it was after an attack on Samarra's holy places."
Samarra, an ancient city in northern Iraq, is home to some Shi'ite holiest shrines. Among them is the al-Askari mosque, regarded as a pilgrimage site for the Shi'ites. On 22 February 2006, its famous golden dome collapsed after a blast burying more than 80 worshippers under debris. The shrine's destruction plunged Iraq into an unprecedented wave of violence and the country found itself on the brink of a civil war.
"The humanitarian, social and economic situation in Eastern Ghouta is deliberately exacerbated by the leaders of the al-Islam, Failak Ar-Rahman and Jabhat al-Nusra illegal armed groups," Maj. Gen. Yuri Yevtushenko said on Saturday. "All attempts by the government of the Syrian Arab Republic to provide assistance to civilians in the Eastern Ghouta region are blocked by militants."
Comment: Russian MoD spokesman: Syria's East Ghouta militants derail peace talks with armed provocations
The Russian Center for Reconciliation in Syria specifically noted that Jeyish al-Islam militants continue to terrorize the local population and prevent civilians from leaving the militant-controlled areas by blocking a humanitarian corridor near Muhayam al-Waffedin.

Russia's Ambassador to the UN Vasily Nebenzya speaks after a Security Council vote during a United Nations Security Council meeting on a ceasefire in Syria February 24, 2018 in New York
The resolution was adopted on by 15 votes to none, after several delays and a flurry of last-minute negotiations.
"It would be naïve to think that internal Syrian questions can be solved by a resolution," said Russia's Ambassador to the UN Vassily Nebenzia.
He added that Russia had "supported the intentions" behind the document, but stresses that a ceasefire was not possible "without agreement from warring parties."
Last week, the US intelligence community, in their Worldwide Threat Assessment report, listed President Rodrigo Duterte as one of the leaders in Southeast Asia who continue to pose a "threat" to democracy and human rights. The assessment suggested the 72-year-old leader could "suspend" the country's constitution and impose nationwide martial law. It also accused Duterte of using social media to spread government views and to counter online criticism of the government.
The tiny mention of Duterte in the 28-page report struck the heart of the Philippine administration. Taking it as an insult, Manila summoned the US ambassador to the Philippines on Thursday to explain the US intelligence assessment and to preserve a thaw in relations witnessed under Trump.

A poster showing portraits of Israeli Defence Minister Avigdor Lieberman, Israeli Prime Minister Benjamin Netanyahu, Palestinian President Mahmoud Abbas and Palestinian Prime Minister Rami Hamdallah covered in footprints is seen during a protest against the blockade on Gaza in 2017
In 1956, Israel colluded with Britain and France to invade Egypt. In the course of the Suez War, Israel defeated the Egyptian army and captured the entire Sinai Peninsula all the way up to the Suez Canal.
David Ben-Gurion, Israel's prime minister, was drunk with victory. On 7 November, he proclaimed the establishment of the Third Kingdom of Israel, which incorporated the Sinai Peninsula and the Gaza Strip. Two days later, in an abrupt reversal of policy, he announced Israel's withdrawal.
The reason for the reluctant retreat was strong pressure from the superpowers. The Soviet premier threatened rocket attacks and the deployment of volunteer forces to help the Egyptian army to deal with the tripartite aggression. President Dwight D Eisenhower issued an ultimatum: if Israel did not unconditionally withdraw, it would lose all aid from the United States and from American Jews and the US would not oppose Israel's expulsion from the UN.
He was responding to an alleged chemical weapons attack by Bashar al-Assad's Syrian government.
It was Trump's most dramatic military move since he became president. It was also the United States' first deliberate attack on the Syrian government.
At the exact moment he ordered the strike, Trump was also hosting China's president, Xi Jinping, for dinner at Mar-a-Lago, Trump's Florida resort. Xi's wife was also there.
East Ghouta, in the eastern countryside of Damascus province, is only a stones throw away from Damascus center. This has been one of the most consolidated areas of Syria controlled by terrorist organizations and a base for them to rain rockets and missiles on innocent civilians of government-held Damascus.
Reports have emerged that hundreds of civilians are being killed in Syrian and Russian airstrikes. However, what is the main source for these reports? Literally an ISIS supporter based in East Ghouta who has been photographed posing with an ISIS flag and doing the infamous Salafist finger salute.

A Lebanese newspaper wrote that it has gained access to an email from the British embassy in the US which reveals Washington's 5-paragraph plan to disintegrate Syria
In a somewhat familiar but precise English, Benjamin Norman - a diplomat in charge of the Middle East at the British Embassy in Washington - reports in a confidential diplomatic telegram of the first meeting of the "Small American Group on Syria" (United States, Great Britain, France, Saudi Arabia and Jordan), held in Washington on January 11, 2018.
In this five-page TD, he reveals the details of the "Western strategy" in Syria: partition of the country, sabotage of Sochi, framing of Turkey and instructions to the UN Special Representative Staffan de Mistura who leads the negotiations of Geneva. A Non Paper (8 pages) accompanies this TD in anticipation of the second meeting of the "Small Group". It was held in Paris on January 23, mainly devoted to the use of chemical weapons and the "instructions" sent by the "Small American Group" to Staffan de Mistura.
Hugh Cleary (Head of the Near and Middle East Department of the Foreign Office ), Jérôme Bonnafont (Director ANMO / North Africa and Middle East at the Quai d'Orsay), David Satterfield (US Assistant Secretary of State for the Middle East) and Jordanian Nawaf Tell and Saudi Jamal al-Aqeel attended the January 11 meeting in Washington. The American opened the meeting, stating that a second meeting would be held in Paris on January 23.













Comment: When the markets crashed in 2008, Western governments printed money ('Quantitative Easing') to bail out the banks and loaded the public with the debt, what tricks will they try to pull this time? Because all the signs are there, but you can't print money forever: