Global stocks muted on 1st day of Q4 earnings season as Trump DOJ opens criminal investigation into Fed’s Powell

Stock futures dropped hard after Trump’s DOJ launched a criminal probe into Fed Chair Jerome Powell.

Powell finally fired back after a year of silence, saying the probe is punishment for not obeying Trump’s preferences.

The Fed is expected to hold rates steady on January 28th, and gold just smashed past $4,600/oz and Silver exploded to $84/oz as traders panic-bought metals amid the chaos.