United States

On Fruday, while confirming that the meme of "Fake News" has officially gone too far, Goldman Sachs slammed the talk of a Great Rotation from bonds into stocks (yes, calling it fake news), and writing that "the political rotation occurring in Washington, D.C. will not be mirrored in financial portfolios: despite the sharp fall in bond values during the past six months and the prospect of further losses in 2017, Goldman expects minimal asset rotation away from debt and into equities for two reasons.

A Russian politician has come out in defence of democracy, arguing that the only person who undermined American democracy in recent years was President Obama and not Putin. In a series of tweets on Friday, the head of the State Duma Committee on Foreign Affairs, Alexei Pushkov, argued that U.S. democracy was undermined by the Obama administration and the media – not by a Russian hacking campaign. The Blaze reports: In a series of tweets late Friday, Russian Senator Alexey Pushkov criticized the U.S.

Submitted by Mike Shedlock  via MishTalk.com,

If there was ever any doubt who perpetual warmonger, Senator John McCain, wanted for US president, this headline explains: Russian cyberintrusions an ‘act of war’

Today, CNN writer Frida Ghitis repeats McCain’s claim with Putin’s ‘act of war’ against American democracy.

Along with most of his Wall Street peers, BofA's Chief Investment Strategist Michael Hartnett flipped his outlook on risk assets shortly after the election, turning from quietly bearish to vocally bullish and forecasting a substantial rise in US equities, and even more substantial bounce for Japanese, European and UK stocks as well as oil.

So far, Hartnett has been correct, and according to recent fund flows, much of the investing community agrees.

Via The Daily Bell

Intel report warns Moscow will try to influence elections in countries allied to US. The declassified version of the report warned that other countries were also vulnerable to attack. - Independent

Intelligence in the US is becoming even more emphatic about the Russian threat to elections, claiming that Russians will start to disrupt the elections of other countries like they are disrupting American ones.