presidential election

The shadow cold war between the US and Russia may finally be over.

One week ago, Vladimir Putin explicitly called Donald Trump - something he hasn't done to a standing US president in years - in which the Russian leader congratulated the president-elect on his victory in the presidential election, wished him "success in the implementation of the pre-election program, and noted his willingness to build a partnership dialogue with the new administration on the principles of equality, mutual respect and non-interference in the internal affairs of each other."

• Dollar dips, stocks fall as Trumpflation trade pauses (Reuters)
• A profile of RenTec's Medallion fund: Inside a Moneymaking Machine Like No Other (BBG)
• Mattis, Christie, Giuliani in contention for top posts (Reuters)
• Paulson’s Big Long: A Bet on Trump Yields Power and Profit (BBG)
• Ex-PM Fillon is favorite to win French conservative presidential ticket (Reuters)
• In weekend of deliberation, Mattis favored for Trump Pentagon chief (Reuters)
• Citigroup Leads U.S. Banks Higher in Global Systemic Risk List (BBG)

With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro.

As ballots continue to be counted in the 2016 presidential election, Hillary Clinton continues to widen the gap in terms of the popular vote. As of now she has received over 1.5 million more votes than President-elect Donald Trump nationwide. Trump won the election in a spectacular fashion, but his presidency will be marred by the fact that it is the biggest loss for a winning candidate in terms of the popular vote. Hillary Clinton has by far the biggest popular victory in terms of numbers for a candidate who was defeated.

Submitted by Jim Quinn via The Burning Platform blog,