SPY

SPY

NY Times Outs White House Sources Who Provided Intel Reports To Nunes

The NYT has outed the Nunes sources, who it claims are Ezra Cohen-Watnick, the senior director for intelligence at the National Security Council, and Michael Ellis, a lawyer who works on national security issues at the White House Counsel’s Office and formerly worked on the staff of the House Intelligence Committee.

"Don't Say You Haven't Been Warned"

"The problem with everyone leaning in one direction is that they scare easily. When realized volatility has been near all-time lows, trading strategies view assets as less risky, so they lever them up. What the models fail to capture is the speed with which volatility can return."

McCain: "The New World Order Is Under Enormous Strain"

In a "new world order under enormous strain" and in "the titanic struggle with forces of radicalism … we can't stand by and lament, we've got to be involved," said John McCain who quoted by the EU Observer. "I trust the EU," he said, defending an opposite view from that of US president Donald Trump, who said in January that the UK "was so smart in getting out" of the EU and that Nato was "obsolete."

Retail Flows Are Finished: RBC Warns "New Regime" For Stocks About 'Hard' Data & Earnings

'Reflation'-themed fund-flows are fading fast (with equities, cyclicals outflows accelerating), and 'higher rate beneficiaries'-linked bond flows (bank loans, HY, inflation protected) slowing to multi-month lows. As RBC's head of cross-asset strategy, Charlie McElligott notes, their model shows the ETF inflow story is no longer a price-driver of short term stock market pricing... "it's a new regime."

Frontrunning: March 24

  • Trump Says If Vote on Health Bill Fails, Obamacare Stays (WSJ)
  • Risky House healthcare vote to test Trump's negotiating skills (Reuters)
  • Trump Dares GOP in High-Stakes Vote on Troubled Health Bill (BBG)
  • All drill, no frack: U.S. shale leaves thousands of wells unfinished (Reuters)
  • Twitter explores subscription-based option for first time (Reuters)

NSA To Provide "Smoking Gun" Proof Obama Spied On Trump

"Republican congressional investigators expect a potential “smoking gun” establishing that the Obama administration spied on the Trump transition team, and possibly the president-elect himself, will be produced to the House Intelligence Committee this week."

Frontrunning: March 24

  • Republicans Struggle to Unite on Health Bill (WSJ)
  • Trump Still Negotiating in Bid to Save Healthcare Bill Before Vote (BBG)
  • Trump Tantrum looms on Wall Street if healthcare effort stalls (Reuters)
  • High stakes for Trump in vote on healthcare plan (Reuters)
  • GOP Lawmaker Sparks New Battle Over Trump Spy Claim (WSJ)