TUESDAY 5/3/16; China PMI; RBA Rate Decision; Euro 1.16-Handle; EU Cuts Eurozone Growth and Inflation Forecasts; Indiana Presidential Primary Election; ADM; CLX; CMI; DUK; EL; H; HEP; TAP; PFE; S; HOT; VLO; European and US Stocks Sell Off; Italian Banks Weak; CAR; CBS; DVN; ETSY; OSTK; Cruz Withdraws from POTUS Race Trump is Republican Nominee

Japan markets are closed today for Constitution Day. US futures are flat. Euro 1.1528. Dollar/yen 106.10. Pound 1.4666. USD 92.62.

[Text is Redacted: Purchase May 2016-05 to Read the Complete Chronology]

The United States is carrying out covert raids in Iraq and Syria despite President Obama claiming there is no combat. This is Obama’s War whether he wants it or not. The new moon peaks this month on Friday so covert missions are likely increasing over the coming week since the side with the superior night vision technology (the US and coalition forces) has a big advantage. It is not surprising that the military raids are more numerous over the coming days.