Air Force One

While traders eagerly await Theresa May's speech set to begin in minutes, even if it was largely leaked last night to minimize "market shocks" and set the stage for a big squeeze in cable which at last check was over 100 pips higher overnight, the big catalyst setting today's risk off mood was the previously noted Trump statement, published overnight by the WSJ, in which Trump called the US currency "too strong", and attacked the Border-Tax Adjustment, expected to boost the value of the USD by as much as 15% should it be implemented.

Having drawn the ire of the mainstream press for his extensive use of Twitter in announcing major developments and policy shifts, President-elect Donald Trump will not end the "onslaught" of posts on Twitter that fed his unconventional campaign, even after taking on the formalized duties of the Oval Office later this month, as Bloomberg notes following an announcement by incoming White House press secretary Sean Spicer who said he expects Trump "will boldly use" Twitter to make major policy announcements.

As the first family enjoys their 29th, and last, vacation on the taxpayer dime, we thought it would be appropriate to highlight just how much money the Obama's have spent on expensive golf resorts, exclusive beach villas and African safaris over the past 8 years.  Per a study conducted by Judicial Watch, taxpayers will have spent nearly $90 million on vacations for the first family after their current, annual trip to Hawaii wraps up on January 2nd. 

Hinting at a substantial clampdown on government spending over the next four years, this morning President-elect Trump announced the selection of South Carolina Rep. Mick Mulvaney to be his first budget director, a nomination which would put a "fiscal conservative hawk" in charge of managing the federal budget and the logistics of government affairs.

Submitted by Duane via Free Market Shooter blog,