SCOTUS

Watch Live: Gorsuch Takes The Stand As Republican Threat Of "Nuclear Option" Looms

After a full day allotted for "opening statements" yesterday, Neil Gorsuch once again takes the stand before the Senate Judiciary Committee today but this time he'll actually be entertaining questions rather than sitting in awkward silence as Democrats takes potshots at his professional career.  Grab your popcorn because today's festivities are scheduled for 10 hours of fun.

This Won't End Well... Never Has

Q1 2017 will likely be the weakest period for economic growth of any rate hike since 1980; stock market earnings expectations are tumbling; uncertainty about the Trumpian pillars of stock market strength are surging, and various 'risk-on' asset classes around the world and breaking bad... and now, as RBC notes, something has dramatically, and suddenly changed in the market in recent days, as confirmed by bank's macro model provider.

Washington, New York And Oregon Sue To Block Trump's New Travel Plan

Washington state, together with New York And Oregon, will file a restraining order against President Trump's revamped travel ban, a move which could foreshadow a potential legal showdown between the administration and a wave of challenges to the controversial executive order.

RBC Warns "Seeing Clear Signs Of 'Reflation Trade' Unwinds"

"USD longs are being hit while UST / ED shorts are being squeezed on this reset of the ‘fiscal policy kicker’ (1. tax policy downgrade, 2. infrastructure delay) and growth expectations being re-priced lower... 'knocking on' into popular 'reflation' trade positioning."

Frontrunning: February 17

  • ‘In Trump We Trust’ Is Market Mantra as Turmoil Besets White House (BBG)
  • World stocks lose momentum after record-breaking week (Reuters)
  • As Tax Debate Heats Up, Lawmakers Struggle to Think of a Plan B (WSJ)
  • Mnuchin Warned as G-20 Sees New Economic Order (BBG)
  • Deutsche Bank examined Donald Trump's account for Russia links (Guardian)
  • Stop hurling insults and listen, Pope Francis tells politicians (Reuters)