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Stock Market Futures Surge After Putin Accepts Macron Proposal For Ukraine Summit With Biden
Nation and State ^ | 02/20/2022 | Tyler Durden

Posted on 02/20/2022 8:46:38 PM PST by SeekAndFind

After a barrage of pro-war headlines earlier on Sunday...

... and this...

... and a tweet just before 8pm ET from NBC's Howard Fineman, quoting CBS "superb reporter" David Martin that "Putin has just ordered Russian forces to invade Ukraine in its entirety, with reserve units following to run an occupation"...

David Martin of @CBSNews, a superb reporter I’ve known for decades and worked with at the original Newsweek for many years—and whom I trust totally—says #Putin has just ordered #Russian forces to invade #Ukraine in its entirety, with reserve units following to run an occupation. — howardfineman (@howardfineman) February 21, 2022

... futures - which had opened down substantially from Friday's already depressed level - soared just before 800pm ET (almost exactly as the CBS tweet hit), after reports that the ongoing talks to halt escalation in Ukraine were successful, and that late on Sunday French President Emmanuel Macron has convinced President Biden and Russian President Vladimir Putin to meet at a summit to discuss the security situation in Ukraine. Here's more from Reuters:

US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, the office of French President Emmanuel Macron said, provided Russia does not invade its neighbor.

In a statement released early Monday, the Elysee Palace said Macron had pitched both leaders on a summit over "security and strategic stability in Europe.”

"Presidents Biden and Putin have both accepted the principle of such a summit," the statement said, before adding that such a meeting would be impossible if Russia invaded Ukraine as Western nations fear it plans to.

The White House did not immediately return a message seeking comment.

The announcement - released after a volley of phone calls between Macron and leaders on both sides of the Atlantic - comes after a week of heightened tensions spurred by Russia's military buildup up and down the Ukrainian border.

Naturally, Biden - who is likely asleep by now - is scrambling to take full credit for the Macron-brokered summit, and the White House confirmed that President Biden has agreed to the meeting with Vladimir Putin, brokered by France, if Russia doesn't invade Ukraine, while adding the usual disclaimer that "Russia appears to be continuing preparations for a full-scale assaults on Ukraine very soon."

“President Biden accepted in principle a meeting with President Putin following that engagement, again, if an invasion hasn’t happened,” says @PressSec in a statement.


pic.twitter.com/JTJTWxcYTe — Steve Herman (@W7VOA) February 21, 2022

Would the US really be agreeing to a summit like this if it honestly expected Russia to invade Ukraine? Obviously, the summit will be moot if a large-scale incursion were to occur, but it's not like algos can read nuance.

As for the broken record that an invasion is imminent, even the president of El Salvador is now openly mocking the dismal failure that is US intelligence (we can't wait for an AP hit piece declaring the bitcoin-friendly leader to be serving Russian propaganda).

These “commanders” are getting 4 attack orders a week?

The Biden administration is loosing all the credibility it has left.

And yet, a new supposed order that didn’t happen.

Weird strategy. https://t.co/1PZMiOQTAT — Nayib Bukele 🇸🇻 (@nayibbukele) February 21, 2022

The bottom line:

And just like that, Putin gets a White House summit without removing a single soldier from the border

Meanwhile Biden will try to walk away claiming ‘victory’ that even his yes-men won’t believe — Jack Posobiec 🇺🇸 (@JackPosobiec) February 21, 2022

In any case, after sliding in early Sunday trading, US equity futures stepped off the ledge and jumped as much as 55 points on news of the upcoming summit...

... with safe havens such as gold and Treasuries sliding, as the invasion clock is once again reset back to square one.


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Russia
KEYWORDS: bidendiplomacy; russia; stockmarket; summit; ukraine
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1 posted on 02/20/2022 8:46:38 PM PST by SeekAndFind
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To: SeekAndFind

At long last, pieces in our time.


2 posted on 02/20/2022 8:49:06 PM PST by DoughtyOne (I pledge allegiance to the flag of the U S of A, and to the REPUBLIC for which it stands.)
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To: SeekAndFind

Biden manufactures fake crisis to distract from disasters and to make himself look like a tough winner. Putin plays along and gets a bunch of concessions and incentives from Biden for playing along with the charade and giving Biden a fake “win” .


3 posted on 02/20/2022 8:51:42 PM PST by rdcbn1
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To: SeekAndFind

Not having heard the news about the proposed summit, I saw the pop in the futures and thought the market was actually relieved to see war unleashed (!)

I remember the day in 2003 when the US shock-and-awe attacked Iraq. Before then, there was of course all kinds of worry and consternation as to what would happen, and on attack day, I think the DJIA was down just shy of 300 points, which was a HELL of a lot more % wise than 300 points in 2022. After 45 minutes of explosions on CNN, the DJIA was up about 500. It was nearly a 750 point swing.


4 posted on 02/20/2022 8:53:10 PM PST by Attention Surplus Disorder (Apoplectic is where we want them)
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To: SeekAndFind

stocks in diaper makers have crashed though


5 posted on 02/20/2022 8:55:30 PM PST by PGR88
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To: rdcbn1

‘Biden manufactures fake crisis to distract from disasters and to make himself look like a tough winner. Putin plays along and gets a bunch of concessions and incentives from Biden for playing along with the charade and giving Biden a fake “win”’

BINGO. Good executive summary.


6 posted on 02/20/2022 9:13:31 PM PST by irishjuggler
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To: SeekAndFind

Dow futures are up about .50%. Hardly a “surge.”


7 posted on 02/20/2022 9:21:36 PM PST by clintonh8r (Truth is hate speech to those who hate the truth)
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To: SeekAndFind

Putin will rob Biden blind. Or most likely just buy him off.


8 posted on 02/20/2022 9:22:33 PM PST by oldbrowser ( )
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To: SeekAndFind

Meeting with an Alzheimer’s man would be embarrassing.. Putin is no dummy.. he is getting a close up of what he will deal with when he decides to take advantage.

Easiest prey any snake ever had.


9 posted on 02/20/2022 9:27:51 PM PST by frnewsjunkie
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To: clintonh8r

They’re down over 1%! What f’n “surge”?!


10 posted on 02/20/2022 9:28:20 PM PST by albie
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To: rdcbn1

” Putin plays along and gets a bunch of concessions and incentives from Biden for playing along with the charade and giving Biden a fake “win” .”

it’s definitely in putin’s interest to help prop up sock puppets like dementia joe and kamala ... having trump back is going to be a nightmare for leaders like putin ...


11 posted on 02/20/2022 9:36:13 PM PST by catnipman (Cat Nipman: In a post-covid world, ALL "science" is now political science ...)
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To: rdcbn1
"Biden manufactures fake crisis to distract from disasters and to make himself look like a tough winner. Putin plays along and gets a bunch of concessions and incentives from Biden for playing along with the charade and giving Biden a fake “win”.

You are correct.

12 posted on 02/20/2022 9:37:41 PM PST by cpdiii (CANE CUTTER-DECKHAND-ROUGHNECK-OILFIELD CONSULTANT-GEOLOGIST-PILOT-PHARMACIST )
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To: SeekAndFind

The nation with the greatest interest in this affair is Taiwan. If these negotiations fail and Russia despite the sanctions and rhetoric militarily invades and takes what it wants in Ukraine, it will put enormous pressure on Xi from many to invade and conquer Taiwan. China will seem puny if Russia is able to achieve its goals by force but China does nothing against Taiwan. Xi knows an invasion across 90 miles of open ocean may fail and be a disaster for China but he will be under enormous pressure by many to take action.


13 posted on 02/20/2022 9:42:25 PM PST by allendale
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To: allendale

Neocons will breakout in a dance!


14 posted on 02/20/2022 9:50:14 PM PST by entropy12
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To: albie

You looking at old news?


15 posted on 02/20/2022 9:51:11 PM PST by entropy12
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To: albie

You looking at old news?


16 posted on 02/20/2022 9:51:52 PM PST by entropy12
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To: SeekAndFind

Amazing how Biden knows the date and time of a Russian invasion.


17 posted on 02/20/2022 9:57:31 PM PST by minnesota_bound (I need more hash brown patties! )
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To: Attention Surplus Disorder
"I remember the day in 2003 when the US shock-and-awe attacked Iraq. Before then, there was of course all kinds of worry and consternation as to what would happen, and on attack day,"

When can we expect the liberal human shields to fly in to protect the citizens of Ukraine from invading Russian soldiers?
18 posted on 02/20/2022 10:01:14 PM PST by clearcarbon (Fraudulent elections have consequences.)
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To: entropy12
Neocons will breakout in a dance!

If you see Liz Cheney with her "O Face" on, you'll know.

19 posted on 02/20/2022 10:01:32 PM PST by dfwgator (Endut! Hoch Hech!)
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To: SeekAndFind

20 posted on 02/20/2022 10:06:04 PM PST by McGruff (Trump/DeSantis 2024)
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