JPM's head quant Marko Kolanovic is best known for timing the market's inflection points and quantifying - in plain English - the marginal buying and selling technicals at any given moment. In his latest overnight note he does not disappoint, explaining in simple terms "what the fate of the market rally is." We will give readers his answer... tomorrow.
Submitted by Andrew Bacevich via TomDispatch.com,
The U.S. is to deploy the B-52 Stratofortress long-range strategic bomber to the Middle East to fight ISIS. The huge nuclear capable jet-powered bomber is made by Boeing and can drop 32 tons of conventional bombs simultaneously. Russia Today reports: The B-52s will replace several Rockwell B-1 Lancer supersonic strategic bombers, which had been striking terrorist positions near Kobani, Syria for several months and have now returned to their base in Texas, the Air Force Times reports. Defense officials also confirmed the information to Fox News.
Former ambassador to the U.N. John Bolton administered a heavy dose of alarmism to CPAC during his speech on Thursday morning.
Now a senior fellow at the American Enterprise Institute, Bolton primarily used the platform to bash Hillary Clinton, even though there were presumably no Clinton supporters in the audience to be persuaded. He framed his argument by systematically critiquing her foreign policy, but the statements he made on the South China Sea bordered on fear mongering.
An extraordinary article by Rusty Reno, who says he believes Trump is a dangerous figure, but who admits that the rise of Trump has taught him about his own errors of judgment. Trump, says Reno, reveals that the Republican Party is no real friend of Main Street and traditional American values. Excerpts: