Administration Shooting Itself In The Foot Again. Count On Stocks Being Down Significantly Tomorrow . . .

Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, he confirmed on Sunday evening. Powell said the probe was the result of the Fed “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of President Donald Trump."

As a result, futures on the Dow Jones Industrial Average dipped 199 points. S&P 500 futures shed 0.5% and Nasdaq-100 futures lost 0.7% as investors took off some risk on this new, more tense stage of the standoff between Trump and the Fed.