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Of course, last week, on June 6, the West marked the 74th anniversary of the allied "D-Day" landings in Normandy, France.
This anniversary, though, was capped off by a G7 summit in Charlevoix, Canada.
Right now, relations – at least, on the surface – between the modern Western allies are mighty frosty, dominated by Twitter and press conference feuds between Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, and U.S. President Donald Trump, largely over the subject of the multilateral trade war breaking out over protectionist tariffs. Of course, they've largely kept quiet on social media, but it's no secret British Prime Minister Theresa May and German Chancellor Angela Merkel aren't thrilled with Trump's positions, either.
I'm hard-pressed to recall any recent G7 (maybe call this "G6+1") meeting as tense as this one, though a few probably come close.
On the other hand, dispassionate observation and analysis of market action tell us that all this hostility and discord has been baked into prices – discounted.
But our Capital Wave Strategist, Shah Gilani, is watching a "split" of sorts beginning to open up between the United States and the European Union – one that's got nothing to do with politics or soundbites and everything to do with… growth.
I caught up with him to get filled in on the details, but he did me one better…
He told me how to play this emerging situation that's coming and going – there are going to be some pretty big swings.