The Global Market Melt-Up Takes A Pause

Both Monday and Tuesday were blistering days for the market.

Propelled by decent economic data (especially out of Asia) and a pause in the march to hostilities in Syria, stocks surged globally and oil tanked.

Today: Not very much.

There was initially a pop in all markets last night, when Obama said that a vote on Syria had been postponed to work on a diplomatic effort to avoid a strike. But that eventually faded, and no market anywhere is doing anything particularly special.