DOJ subpoenas Fed, Sell America trade, earnings: 3 Things

The US Department of Justice (DOJ) has subpoenaed the Federal Reserve as it launches a criminal investigation into the central bank's Chair Jerome Powell. US stock futures (ES=F, NQ=F, YM=F) drop in Monday's premarket as Wall Street finds the "Sell America" trade to be back on, finding safe haven in precious metals like gold (GC=F) and silver (SI=F). Earnings season kicks off for major bank stocks and Delta Air Lines (DAL) this week. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.