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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.

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Blockchain and gold will likely make a “good team”, but they’re not ready yet. RCM and GoldMoney blockchain product asks you to trust in government and the technology, servers, IT, websites etc of the providers

Turkey Vows "Harsh Retaliation" Seeks Sanctions, As Dutch PM Says "Not Apologizing, Are You Nuts"

Turkey's Prime Minister Binali Yildirim said that his country will retaliate in the "harshest ways" to Dutch moves to bar the flight of the Turkish foreign minister and prevent the family minister from entering the Turkish consulate in Rotterdam, while Dutch PM Mark Rutte slammed Erdogan: "This is a man who yesterday made us out for fascists and a country of Nazis. I’m going to de-escalate, but not by offering apologies. Are you nuts?" he told a morning talk show.

Frontrunning: February 9

  • Airlines, Airports to Meet President Amid Travel-Ban Uncertainty (WSJ)
  • Legal battle pits Trump's powers against his words (Reuters)
  • Trump’s Oval Office Tweets Force CEOs to Choose Fight or Flight (BBG)
  • Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure (WSJ)
  • Trump’s Labor Pick Loves Burgers, Bikinis, and Free Markets (BBG)

Switzerland: Chocolate, Watches, And Jihad

Switzerland is the answer to those who claim that Islamic terrorism is reserved for those countries that have participated in operations against ISIS or other Muslim terror organizations. Switzerland has done neither, yet its flag figured among sixty other enemy flags shown in an ISIS propaganda video. Swiss authorities are currently investigating 480 suspected jihadists in the country.

Declassified CIA Memos Reveal Probes Into Gold Market Manipulation

he CIA recently released a series of declassified 1970s memos relating to the gold market and the newly created SDR. These memos give new insight how the CIA viewed the gold market, the perceived manipulation of gold and the potential for the SDR to become a gold substitute in the international monetary system.