# Saudi Arabia, as a Nation Dismisses Mr. Biden's Intel as 'Fake'

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/saudi-arabia-as-a-nation-dismisses-mr-bidens-intel-as-fake
Last modified: 2021-02-26

---

By Paul Ebeling · 2021-02-26
Tags: Shayne Heffernan on Investments, Politics, stocks, DJIA, US, DIA, SPY, QQQ, VXX, Bullish, Headline News, Top Stories, Biden, Intel, Paul Ebeling, VIX, SPX, ally, America, Middle East
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#SaudiArabia #Biden #intel

$DIA $SPY $QQQ $RUTX $VXX

Mr. Biden's administration will soon realize that the complex issues of the region will not find a solution, except through a new and exceptional agreement with its partners in the region that holds Iran accountable.

Saudi Arabia, 1 of America's closest Arab allies officially dismissed what it called the "*negative, false and unacceptable assessment in the report pertaining to the Kingdom's leadership,"* according to a statement from the Ministry of Foreign Affairs.

The ministry added that those responsible for the "*heinous crime"* had been tried in Saudi courts and that "*justice was served."*

Riyadh has denied any involvement by the Crown Prince, aka MbS.

Commentators close to the government took to social media to defend the Crown Prince, King Salman's son and *de facto* ruler of the Kingdom.

Ali Shihabi, former head of the Arabia Foundation in Washington said there was nothing in the report that had not been said before and "*absolutely no smoking gun."*

"*Extraordinary that all this hype is made about this document... This thin 'report' is actually evidence that no hard proof exists against MBS [on the death of Mr. Jamal Khashoggi*]*,*" Mr. Shihabi Tweeted.

Friday, the benchmark US stock market indexes finished mixed on end of the month realignment at: DJIA -469.64 to 30932.37, NAS Comp +72.91 at 13192.37, S&P 500 -18.19 to 3811.15

Volume: Trade on the NYSE came in at: 1.7-B/shares exchanged

HeffX-LTN's overall technical outlook on the major US stock market indexes is Bullish at the wk and month ending 26 February 2021.

- Russell 2000 +11.5% YTD
- NAS Comp +2.4% YTD
- S&P 500 +1.5% YTD
- DJIA +1.1% YTD

Looking Ahead: Investors will receive ISM Manufacturing Index for February, Construction Spending for January, and the final IHS Markit Manufacturing PMI for February Monday.

Have a healthy weekend, Keep the Faith!

---

This Markdown mirrors https://www.livetradingnews.com/saudi-arabia-as-a-nation-dismisses-mr-bidens-intel-as-fake. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt