It's "Judgment Time": Goldman Sees Three Options For Traders

Judgment Time … Options Include: 1) get bearish S&P for a trade; 2) don’t fight the primary trend -- this is a melt-up, and there are good (macro) reasons behind it; 3) simplify the portfolio; wait for better location to re-load length.

As Market Tumbles, Investors Rush Into Safe Haven SNAP After Mass Wall Street Upgrade

While US equity markets are shuddering under the uncertainty of President Trump's agenda, it appears investors have found a safe haven for their hard-gambled retirement funds. Following a series of upgrades, overweights, and "buy" recommendations from Wall Street's biggest and brightest commission-takers, SNAP shares are soaring - back to their post-IPO open at $24.

Kremlin Rejects US, EU Call To Free Detained Protesters As Court Fines Opposition Leader Navalny

One day after snap protests against corruption and Russia PM Medvedev broke out across numerous Russian cities, leading to the detention of hundreds of protesters as well as opposition leader Aleksey Navalny, the Russian opposition activist was found guilty of staging an unsanctioned rally, and will be fined 20,000 rubles (US$350) for his role in organizing what the authorities said was an illegal protest in Moscow on Sunday.

Frontrunning: March 27

  • Markets Slide on Doubts that Trump Can Deliver (BBG)
  • Dollar hits four-month low as Trump trade deflates (Reuters)
  • These Charts Show Alarm Bells Ringing on Trump Trade (BBG)
  • White House may court Democrats on tax reform (Reuters)
  • Republicans Could Have Another Fight Over Tax Overhaul (WSJ)
  • 'Religious left' emerging as U.S. political force in Trump era (Reuters)

South Africa's Zuma Unexpectedly Recalls Gordhan From International Roadshow; Rand Tumbles

The rand tumbled as much as 1.7% and banking shares on the Johannesburg bourse fell more than 2% after South African President Jacob Zuma unexpectedly ordered Finance Minister Pravin Gordhan to return from an investor roadshow to Britain and the United States on Monday because he "did not give permission for the trip" a government source said.

Republican Lawmaker Quits Freedom Caucus Over Healthcare Bill Disagreement

Republican Representative Ted Poe resigned from the House Freedom Caucus on Sunday in disagreement over the conservative group's role in sinking President Trump healthcare plan. He suggested his resignation was because he wanted to vote for the Republican healthcare proposal which was adamantly opposed by the right-wing caucus.

Global Stocks Slide, S&P Futures Tumble Below 50DMA As "Trump Trade" Collapses

Global stocks are lower across the board to start the week, as concerns about Trump's administration to pull off a material tax reform plan finally emerge, pressuring S&P futures some 20 points lower this morning, following European and Asian shares lower, while crude oil prices fall unable to find support in this weekend's OPEC meeting in Kuwait where a committee recommended to extend oil production cuts by another 6 months.

Are America And China Destined For War?

“If the United States and China continue to convince themselves that war is too ‘improbable’ to take seriously, it is not they but the rest of the world that may ultimately pay the price.

RBC Emergency Market Update: "Big Trouble For Consensus Trades"

'Long Dollar' trades are currently seen unwinding ‘real-time’ as ‘the world’s most crowded trade’ and ‘reflation’ proxy earlier this evening broke the convergence of both its 200dma and the 76.4% Fibo Retracement of the entire Dollar move since the US election—exposing significant downside. There will be major implications within equities too.

Michael Hudson: Trump Is Obama's Legacy - Is This The End Of The Democratic Party?

"...the Democrats will continue to pose as the Lesser Evil party not really in terms of policy, but simply ad hominum. They will merely repeat Hillary’s campaign stance: They are not Trump... having lost its ability to pose as the party of labor and the middle class; and firmly controlled by Wall Street and California billionaires, the DNC strategy of identity politics encourages any identity except that of wage earners..."