Here are some good reads to start your day.
Ukraine set to sign agreement to end violence - WSJ
Firm stops giving high-speed traders direct access to releases - WSJ
Wal-Mart's big box formula comes under strain - WSJ
Bill Akcman's Herbalife bet drops - WSJ
Demolition Man Renzi rattles Rome with plan to axe senate - Bloomberg
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
-Milton Friedman
If anyone has any doubt about the political aspirations of Vladimir Putin, you need not look any further than the developments in Ukraine since November. Viktor Yanukovych, after a closed-door meeting with Mr. Putin last autumn, has resorted to casting protestors as "terrorists" and "radicals" in order to justify shooting into crowds. And I am not exaggerating.
It looks like there might be a deal in the works between Mr. Yanukovych and the opposition; however, it is unclear if the mob if protestors camped in Kiev will approve. The latest count shows 77 dead and over 100 wounded from the clash between police and protestors.
A quick look at overnight trading, as US futures are up ever-so slightly at the moment.
Japan's Nikkei snapped back after significant selling to tack on 2.88% at 14,865. Hong Kong was also higher (+0.78%) while the Shanghai index fell just over 1%. European markets are firmer across the board, albeit very slightly - FTSE +0.20% and the German DAX +0.07%.
We are still sitting near highs, resembling a "coiled spring," in the words of Dan Fitzpatrick. I continue to expect markets to clear yet another rung on this worry-ladder.
Heads or tails, have a good day today.
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