Europe

Submitted by Patrick Buchanan via Buchanan.org,

As the culture war is about irreconcilable beliefs about God and man, right and wrong, good and evil, and is at root a religious war, it will be with us so long as men are free to act on their beliefs.

Yet, given the divisions among us, deeper and wider than ever, it is an open question as to how, and how long, we will endure as one people.

After World War II, our judicial dictatorship began a purge of public manifestations of the “Christian nation” that Harry Truman said we were.

Millions of investors cried out today...

"Pause that refreshes" or "Time to panic"?

In the immortal words of Chuck Schumer: "Get back to work Mr. President..."

From the S&P to Switzerland, and from China to The CAC - global equity markets are in the red this morning, just a day after Treasury Secretary Mnuchin told the world that Trump's presidency was a 'mark to market' administration.

Europe extends yesterday's weakness...

Still a long way to go yet...

Are US banks about to play catch down?

Who's right? Bonds or Utility Stocks?

In his latest note this morning, DB's Jim Reid admits that "I've no idea why Bunds are rallying so hard at the moment." That said, he does attempt to provide some reasons noting that 10y yields (-4.7bps) hit 0.228% yesterday, down from their YTD peak of 0.495% intraday on the 26th of January. 2y yields also closed another -3.0bps lower yesterday at -0.932%. They traded as ‘high’ as -0.648% back on the same day.

The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound.