Like a good soldier, Flynn took the bullet. But the deep state is after larger game than General Flynn. It is out to bring down President Trump and abort any move to effect the sort of rapprochement with Russia that Ronald Reagan achieved. For the deep state is deeply committed to Cold War II.
After a multi-month, politically charged investigation, German intelligence agencies could find no good evidence of Moscow-directed cyber-attacks or a disinformation campaign aimed at subverting the democratic process in Germany. Undaunted, Chancellor Angela Merkel has commissioned a new investigation.
Vladimir Putin has ordered Russian state media to cut "way back" on their fawning coverage of President Donald Trump, in what three Bloomberg sources say is a "reflection of growing concern among senior Russian officials that the new U.S. administration will be less friendly than first thought."
Following President Trump's exclamations today with regard "un-American" leaks of classified intel, it appears he has a bigger, much more serious problem on his hands. WSJ reports that US intel officials have withheld information from President Trump due to concerns it could be leaked or compromised.
Whether it is due to overnight news that much of the recent rally may have been due to one specific fund's cover of a synthetic "short SPY" trade, or just because algo traders have gotten a case of overbought robotic vertigo, S&P futures dropped 0.2% in early Thursday trading as risk appetite fizzled and European shares dropped on concern the longest rally since July 2015 went too far, while the yen, bonds and gold advanced as the dollar fell.
The Russian spy ship which we mentioned yesterday had unexpectedly appeared off the US East Coast, some 70 miles off the Delaware coast, has been gingerly moving north alone the Eastern Seaboard, and according to press reports, was spotted on Wednesday "loitering" just 30 miles from a major submarine base in Groton, Connecticut.
Following yesterday's shocking news that the half-brother of North Korean dictator Kim Jong Un was assassinated, Malaysian authorities said on Wednesday that they detained a suspect in the apparent murder and are looking for a "few" other foreign suspects, as they zeroed in on the two women who police said fatally attacked him.
Yesterday's barrage of 13F releases showed that hedge funds like Third Point, Eton Park and Blue Ridge piled into shares of major banks, David Tepper's Appaloosa jumped into the pharma sector starting new positions in Teva, Pfizer and Mylan while Buffett aggressively added to airline steaks and nearly quadrupled his Apple position to $7.7 billion. Here is a full breakdown of who bought what in the fourth quarter.
As The White House tries to put the Flynn disappointment behind them, The New York Times appears to be resurrecting an old story with a new angle to keep the 'blame the Russians' narrative alive. Following FISA court approval (to spy on Trump's campaign), intercepted calls reportedly show "repeated contact" between Trump advisor Paul Manafort and senior Russian intelligence officials... but reveal no collusion.
Just two days after North Korea embarrassed both the US and Japan by test-firing a new, nuclear-capable ICBM with a 2000 mile range, with neither Trump nor Abe able to articulate a clear retaliation strategy, moments ago Yonhap news agency reported that the elder half-brother of North Korean leader Kim Jong Un has been assassinated at Kuala Lumpur airport.