primary

After yesterday's last hour selloff sent the S&P to the very edge of the critical support trendline which, as shown yesterday, meant 1980 had to be defended at all costs...

... so far the support has held, and in overnight trading European stocks have managed to rebound on the back of more levitation in oil, while US equity futures have ignored a drop in the USDJPY which touched 112.20 in morning trading, and have jumped by 0.5% as of this moment, up 10 points to 1,990.

Submitted by Patrick Buchanan via Buchanan.org,

Narrow victories in the Kentucky caucuses and the Louisiana primary, the largest states decided on Saturday, have moved Donald Trump one step nearer to the nomination.

Primaries in Michigan, Mississippi and Idaho on March 8, and in Florida, Ohio, Illinois, Missouri and North Carolina on March 15, may prove decisive. If Marco Rubio does not win his home state of Florida, he is cooked, as is Gov. John Kasich if he does not win Ohio.

Narrow victories in the Kentucky caucuses and the Louisiana primary, the largest states decided on Saturday, have moved Donald Trump one step nearer to the nomination.

Primaries in Michigan, Mississippi, and Idaho on March 8, and in Florida, Ohio, Illinois, Missouri, and North Carolina on March 15, may prove decisive. If Marco Rubio does not win his home state of Florida, he is cooked, as is Gov. John Kasich if he does not win Ohio.

Driving home from Texas yesterday, I heard NPR’s Rachel Martin interview Don Reid, a genial Republican — he sounded like the kind of guy you’d love to have a cup of coffee with — and former city council member in Charlotte, NC. Reid is a Trump supporter. Excerpts from the interview:

DON REID: I just absolutely love the fact that Donald Trump is challenging the establishment Republicans. He’s redefining the party and, hopefully, destroying the power that has been in that little oligarchy of establishment Republicans in Washington, D.C.

Rubio advisers are debating whether the senator should drop out before the Florida primary:

Most of his advisers agree he does not have a path to the nomination and some are advising him to get out ahead of the March 15 primary.

Sources within the campaign also say the pressure will only continue to mount following an expected disappointing showing Tuesday, when voters in Michigan, Mississippi, Hawaii and Idaho make their picks in the GOP primary.