Global shares were mixed, equity futures, the dollar and crude rose as investors focused their attention on today's inauguration of Donald Trump as U.S. president. While the early tone is well bid, some traders anticipate a volatile session, with speculation that a bout of "sell the inauguration" could cap the aging Trump rally, which started with his inauguration.
Donald Trump is right to say America’s NATO allies aren’t paying their fair share. As Bloomberg notes, the alliance expects its members to spend 2% of GDP on defense; but it’s no secret that most of them don’t...
Having reaffirmed his skepticism about the North Atlantic Treaty Organization, and his readiness to make deals with Russia, in European media interviews published last weekend, President Trump leaves European leaders wondering whether they can still rely on the American security umbrella.
There’s a big disconnect for traders. Everyone keeps telling Bloomberg's Richard Breslow that there's so much uncertainty out there that it's too dangerous to trade. They also assume every time we get yet another flailing gyration in a given day’s price action that someone knows something -- and it’s big.
The truth is, no one knows anything at the moment. There are enormous uncertainties on every continent and where the ball stops bouncing is anybody’s guess. And your guess is as good as the next guy’s.
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
I’m trying, I swear, to get into the fold, but I just can’t NOT find this hilarious. On the eve of his presidency, Donald Trump tells European leaders, by not telling them diddly-squat, that he doesn’t think they matter all that much. It’s not just that his vision of the EU, and its importance, is very different from theirs, he also remembers very well what many of them have said about him in the run-up to his election for the presidency.
British military tanks were secretly deployed through the Channel Tunnel this week in preparation for a war between Russia and Europe. Five tanks were secretly loaded onto trains on Wednesday night to take part in a midnight training operation to prepare mainland Europe for World War 3. Rt.com reports: A Warrior armored fighting vehicle, a recovery variant of the Warrior, a Challenger 2 main battle tank (MBT), a recovery Challenger, and a reconnaissance vehicle were loaded onto a train at the military’s railhead in Wiltshire for the test journey.