In a mirror image of yesterday’s overnight bounce, S&P futures and European markets have slumped to session lows as a risk off mood prevailed as US traders got to their desks having hit overnight highs of 4,399 just before the European open, as mood soured after the conflict in Ukraine intensified amid mounting penalties against Russia, and as participants look to a heavy data-docket ahead and Fed speak including Powell later in the week.
Any residual optimism was shattered after Ukrainian President Zelensky said that negotiations with the Russian side have not achieved required results while Russian Defense Minister Shoygu says Russia will continue operations in Ukraine until it achieves its goals. As a result, Nasdaq 100 contracts were down 0.9% as of 7 a.m. in New York after the cash index closed yesterday’s session with its second straight monthly decline, a trend not seen since October 2020. S&P 500 futures declined 0.7% or 30 points to 4,337 while Dow futures fell 0.7% or 230 points, reversing much of yesterday’s last hour ramp. Stocks trading in Moscow remained halted for a second day, and the VanEck Russia ETF plunged another 12%. Treasury yields fell for a second day to the lowest since January, and the dollar was steady. Brent crude jumped more than 5% as traders balanced the possible release of emergency stockpiles against fears of disruption to Russian energy exports.
Hopes of an early negotiated settlement over Ukraine faded after Russia vowed to continue its attack until its goals are met
Read More @ Zero Hedge HERE
Assessment: Even as Moscow invades Ukraine, the Biden administration is relying on Russia to solidify a revamped nuclear agreement with Iran, a deal that senior Republican foreign policy leaders say will be approved in the coming days without any input from Congress …
The United States, China, France, Russia, the United Kingdom and Germany—known as the P5+1—appear to be closing in on a deal with Iran over its ongoing nuclear-weapons program. At the same time, Israeli officials view Western reactions to Russian President Vladimir Putin’s war on Ukraine with extreme unease because allowing him to invade without consequence has not only emboldened Moscow but likely encouraged other nefarious actors as well.
Namely, Iran.
“All the people of the land will bury them, and the day I display my glory will be a memorable day for them, declares the Sovereign Lord.” Ezekiel 39:13
Michael Doran, a senior fellow and director of the Center for Peace and Security in the Middle East at Hudson Institute, believes that an agreement with Iran “puts Israel in a pickle.”
“It turns the U.S., in effect, into a kind of guardian of the Iranian nuclear-weapons program,” he said. “If Israel launches large-scale attacks against the program, it risks getting into a major war that the U.S. opposes. If it opts for sabotage, tensions with Washington will rise. The coalition, which hangs on by a thread, would be endangered.”
Israelis view the U.S. administration and many European governments as pursuing a policy of appeasement against aggressors.
Read More @ JNS HERE
Great Tribulation, Olivet Discourse, Seal judgments, tribulation, Trumpet judgments, Ukraine
