Kremlin Blasts 'Borderline Crazy' Threat From Baltic NATO State

Futures Fall As AI Selloff Resumes US equity futures woke up after President's Day and chose to resume their selloff (after a modest bounce on Monday's holiday failed to hold) dragged by Tech, as the risk-off moves on AI disruption fears continue. As of 8:15am ET, S&P 500 futures were down 0.5% with Nasdaq 100 contracts falling 1.0%. In premarket trading, all Mag 7 stocks are lower and Semis are being pressured with AVGO / NVDA lower by more than 1%. Pockets of outperformance (and higher absolute returns) can be found...

Moscow Swarmed By 600+ Ukrainian Drones In Massive Overnight Barrage Ukraine has launched another massive overnight drone wave on Russia. While this is nothing new or unusual, the number of drones concentrated specifically on the Moscow region was much larger than prior attacks. Over 600 drones were sent on Moscow and the surrounding region overnight into Tuesday morning, Mayor Sergei Sobyanin said. It ranks among the single largest assaults on the capital of the war. Regional reports say it's the largest drone attack on Moscow of the last two years. Moscow on...

The COVID Lockdowns Gave America A Glimpse Of Socialism Authored by Mark Gianniny via RealClearMarkets, The next time a candidate promises that greater government control will make life safer, fairer and more secure, Americans should remember 2020. They should remember the closed schools, shuttered businesses, restricted churches, isolated families, arbitrary mandates and government checks intended to compensate people for livelihoods government had interrupted. COVID was not socialism in the strict textbook sense. Government did not nationalize most businesses or formally abolish private property. But the pandemic gave Americans a revealing glimpse of...