A new fox poll was released yesterday, and it shows Donald Trump jumping out to a commanding 18 point lead over Ted Cruz in the Republican race for the nomination. As Fox News notes, Trump's best numbers are coming from voters without a college degree (54%), and who describe themselves as "very conservative (50%).
This is a significant boost to the Trump campaign, as just last month he only held a 3 point lead on Cruz.
Today Janet Yellen and the FOMC will go back to square one and try to reset global expectations unleashed by the ill-fated December rate "policy mistake" hike, when at 2pm the Fed will announce assessment of the economy (even if not rate hike is expected today) followed by Yellen press conference half an hour later.
In the aftermath of last week's disappointing G-20 Shanghai summit, there was much riding on this weekend's start of the China's People's Congress, and specifically what if any stimulus announcement Beijing will make; sadly for stimulus addicts China mostly disappointed and after the unimaginative scope of growth proposals, it is hardly surprising that European stocks and US equity futures have taken a leg lower, even if Chinese stocks rose and certain commodities such as Iron Ore soared overnight on hopes China will either "rationalize" capacity or at least build some more roads to nowhere
It was a primary "Super Saturday" of surprises for the presidential candidates after Bernie Sanders took two of three contested states in the Democratic race, winning the caucuses of Nebraska and Kansas leaving Hillary the only Democratic primary of the night in Louisiana, while in the Republican race Ted Cruz unexpectedly tied with Donald Trump, winning the smaller half of the night's four nominating contests, in Kansas - where Trump had been leading in the polls - and Maine, while the Donald won the bigger states of Louisiana and Kentucky, holding onto his lead in the presidential race ev