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Spanish F-18 Jet Crashes Outside Madrid; Pilot Killed

Another military jet, this time an F-18 fighter belonging to 12th Wing of the Spanish Air Force, crashed near the Torrejon military base outside Madrid on Tuesday, according to the Spanish Defense Ministry, killing the pilot in the second fatal accident involving a Spanish military jet in the past week. Five days ago, a Eurofighter jet suffered an unknown malfunction on its way back from participating in a military parade in honor of Spain’s Oct. 12 National Day. The jet crashed south of Madrid, killing pilot Borja Aybar, local press reported.

What Happens Next? JPMorgan Has An Unpleasant Answer

Having done the "good cop" routine earlier today, when it explained why a Trump impeachment is "very, very unlikely" despite growing media speculation that VP Mike Pence may be preparing to step into the Oval Office, now it's JPMorgan's turn to play bad cop when previewing "what comes next" for both markets and politics. The reason for that is that according to JPM's Adam Crisafulli is that question is "one of the market's problems" because there simply "isn't any quick action that would help to alter the narrative in Washington" resulting in a quick and painless resolution.