![]() ![]() ![]() The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. Securities or other financial instruments mentioned in this material are not suitable for all investors. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Do not buy or sell based on anything that is written here, the risk of loss in trading is great. ![]() Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. It was the second North Korean ballistic missile test in under a week, and comes at a low-point for US-Pyongyang communications and as denuclearization efforts are at a standstill - which really hasn’t happened on any meaningful scale since the Trump administration. Security Council resolutions… strongly urge to immediately stop the tests, which do not help to ease military tension.” #WEST COAST FLIGHTS GROUNDED SERIES#South Korea’s military condemned the launch, saying, ”North Korea’s recent series of ballistic missile tests are a clear violation of the U.N. Preliminary reports indicate North Korea launched a “hypersonic” missile into the East Sea/Sea of Japan. Start of 2022 North Korean missile launch thread, with updates. “Assessment of the test by South Korean and United States intelligence was ongoing, but initial analysis showed Tuesday’s test, in which the projectile reached a speed of Mach 10 was of a more advanced weapon than the test North Korea conducted last Thursday, the South Korean Joint Chiefs said,” according to CNN. But defense officials in Seoul are confirming the advanced nature of the weapon tested. Pyongyang officials are claiming it was a test of a hypersonic missile, while Western pundits are doubting this. The standard practice is for FAA to have a constant liaison in the NORAD ops center, therefore would have been aware of the quick assessment.”Īdditional local reports confirmed that the international airports in San Francisco, Sacramento, and Portland were impacted as well. It’s as yet unclear why exactly the order was given, but may have something to do with reports that this latest launch featured a North Korean projectile that reached Mach 10, possibly sparking momentary alarm at NORAD. It was reported to have traveled about 700km and landed in the sea between Japan and the Korean peninsula.ĬNN cites that “The NORAD spokeswoman said the normal sequence following the launch was followed: The missile launch was detected, and it was assessed not to be a threat to the continental United States. No reason was given for the stop, which lasted about five to seven minutes, she said.” In reference to San Diego International Airport, a major hub where planes were ordered briefly grounded, Newsweek describes, “Sabrina LoPiccolo, spokeswoman for the airport, told Newsweek that the airport was instructed by air traffic of a national ground stop about 2:30 p.m. The stops were observed from southern California up to Portland. The missile launch occurred in the morning hours of Tuesday North Korea time. The halt in flights reportedly lasted about five to seven minutes Monday afternoon, according to Newsweek, which broke the story. #WEST COAST FLIGHTS GROUNDED FULL#In a highly unusual move, the FAA ordered a brief full ground stop at all West Coast airports due to a ballistic missile launch by North Korea. ![]()
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