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The Democrats' Trump-Russia Conspiracy Campaign Collapses

Is sanity finally returning? After weeks of ranting and raving about Russian "interference" and Putin-Trump conspiracies, so-called 'intelligence' agencies and high-ranking Democrats are quietly walking back their rhetoric and managing their base's expectations - simply put: there's no 'there', there.

GOP Makes Healthcare Changes To Attract Votes As Trump Declares "Obamacare Is Dead"

"I want people to know ObamaCare is dead; it's a dead healthcare plan.  These folks were no’s, mostly no's, yesterday, and now every single one is a yes.  Only because everyone knows it's on its last, dying feet, the fake news is trying to say good things about it, the fake media. There is no good news about ObamaCare. ObamaCare is dead."

Is The Snapchat IPO Proof Of A Tech Bubble?

The worrying comparison with the 2000-peak should be writing on the wall, a warning that the policies like those of the Fed aren't really healing wounds - they're simply creating another bubble.

Famous Twitter "Trader" Arrested For Stealing $1.5 Million, Running A Ponzi

Randy Rye told investors that they would earn substantial profits from his proprietary trading program. In reality, Rye misappropriated the investors’ funds for his own personal expenses, such as air and hotel travel costs, including vacations to St. Lucia and Bali, tickets to sporting events, including the World Series and the Masters golf tournament, and on other luxury items and large cash withdrawals.

EURUSD Tumbles As Le Pen Support Jumps

Given the collapse of European VIX to record lows, one could be forgiven for thinking that there's nothing to worry about. However, a one point jump in first-round support for French far-right presidential candidate Marine Le Pen has sparked a notable drop in EURUSD this morning.

Frontrunning: March 17

  • Oil Set for First Weekly Gain This Month (BBG)
  • Trump’s Budget Likely to See Major Rewrite in Congress (WSJ)
  • Trump, Germany's Merkel to hold first face-to-face meeting at White House (Reuters)
  • Tillerson Doesn’t Rule Out Preemptive Strike on North Korea (BBG)
  • Trump May Not Want Immigrants, but Rust Belt Mayors Do (BBG)

Syrian Army Claims It Shot Down Israeli Jet After Raid Near Palmyra

The Syrian Army said Israeli warplanes targeted Syrian army positions and hit a “military target” near Palmyra in a Friday morning raid, in what it described as an act of aggression that aided Islamic State. In retaliation the jets were targeted by Syrian anti-aircraft missiles with one of the Israeli fight planes shot down.