presidential election

Via Judicial Watch,

In a closely watched special election in Georgia, novice Democrat Jon Ossoff appeared to fall short of the majority he needed to win outright and is expected to advance to a runoff in Georgia's special election after failing to clinch a majority of the vote on Tuesday in order to avoid another election in late June.

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday's weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was "absolutely not" trying to talk down the dollar.

Authored by Charles Hugh-Smith via OfTwoMinds blog,

The Left is morally and fiscally bankrupt, devoid of coherent solutions, and corrupted by its embrace of the Corporatocracy.

History often surprises us with unexpected ironies. For the past century, the slide to fascism could be found on the Right (conservative, populist, nationalist political parties).

Via Dana Lyons' Tumblr,

Fear finally made its way into the equity options market at the end of last week – at least for a day.

After months of (well-documented) investor complacency, recent stock turbulence has begun to introduce some fear back into the market. It has been manifested in the volatility market, as we covered extensively in our Vexing Vix miniseries last week. And after last Thursday’s sharp selloff, fear has now also crept into the options market – at least for a day.