China may not have troops or planes in Syria but that doesn’t mean it won’t be a part of World War III.

Even as the eyes of the world are now trained squarely on the Mid-East where the Russian and Iranian assault on Aleppo is set to draw the Saudis and the Turks into a ground war, the dispute over a tiny chain of islands in the South China Sea is still simmering.

The last 3 days have been a face-ripper as US equities have soared most since August amid (oil) rumors, (banking system) hope, and (bad news is good news) dismal data. The Dow is up 900 points from Thursday's lows...

but Trannies 8% surge off the lows is the most stunning...

This is all happening as "Most Shorted" stocks spike 11% off Thursday lows - the biggest squeeze since Black Monday.

And we know what happened after that dip was bought.

The Brazilian state of Rio Grande do Sul has suspended the use of a chemical used to kill mosquitoes that transmit the Zika virus, after doctors voiced concerns that it may be the actual cause of brain defects in newborns. The state government’s move followed reports from the Argentine group Physicians in the Crop-Sprayed Towns (PCST) and Brazilian Collective Health Association (Abrasco)  which both suggested that the larvicide, not the Zika virus, was responsible for the alarming spike in microcephaly.

Earlier we reported that in a sign of "defiance", Tim Cook said he would oppose the "chilling" government demand to help the FBI hack its own phones, and that it vehemently opposes the government's intention to implement a back door in iPhones. Just hours later Donald Trump has decided to join the fray in the biggest topic of the day, by insisting that Apple should unlock the iPhone of one of the San Bernardino shooters.

Yesterday the GOP strategist Patrick Ruffini sent out 19 successive tweets sharing his assessment of the Republican race so far. I hope someone will Storify them so you can all easily read them, but until then, follow the link above. His basic argument is that the GOP race is settling into a pattern. Trump has a hard core of supporters nationally, but he can’t seem to grow beyond it. They are, however, unshakable in their support of him: