FTN Financial's Jim Vogel said on....>

US TSYS/STOCKS: FTN Financial's Jim Vogel said on N.Korea/geopolitics and

markets interaction,  that "after two years of various emergencies, 'market

learning' has determined not to overreact to geopolitical events. That intuition

remains ingrained in this month's chapter in the North Korea saga, and someone

in authority saying things are better will send Treasury yields up almost

immediately."

- But he adds that "an 'all-clear,' however, may not reverse the minor damage

done so far to stock momentum." He adds that "'market learning' is just like

'machine learning' where computers teach themselves complex tasks via constant

repetition, correcting their algorithms as they go on immediate feedback."