Monday Watch

Today's Headlines

Bloomberg:     

• Bolsonaro Delays Congratulating Biden on Fraud Allegations.  
• U.K. Unveils 5G Plan Banning Huawei Installations From September.  
• Japan’s Factory Output Keeps Gaining Even as Virus Resurges.
• Australia Central Bank Seen Holding After Success of QE Drive.  
• Stocks Swing as Record Month Nears End; Oil Slips: Markets Wrap.  
• Oil Retreats on Signs of OPEC+ Discord Ahead of Key Meeting.
• OPEC Faces Seismic Demand Split as Cartel Plots Next Move.  
• Covid Task Force Promises Rapid December Vaccine Rollout.
• Airbnb and DoorDash Set Sights on Higher IPO Valuations: DJ.  
• Eerie Calm in Treasuries Is at the Mercy of Jobs and Virus Data.

Wall Street Journal:

• Investors Pile Into Risky ETFs During Wild Market Rally.
• GM’s Closed Lordstown Factory Spawns a Wave of Industrial Migrants.
• Tesla’s S&P Debut Is Set to Put $100 Billion in Motion.
• Beware the Dow 30K Euphoria.
• Iran’s Nuclear Efforts Pose Growing Threat to Its Foes.
• Grocery-Store Pharmacies Get Ready to Provide Covid Vaccines.
• State, Local Governments Slashed Spending. Next Year Could Be Worse.
• The NFL’s Thanksgiving Weekend Has Become a Covid Crisis.
• How to Stop the Paris Climate Accord.
• S&P Global in Advanced Talks to Buy IHS Markit.

Fox News:

• Trump accuses FBI, DOJ of 'helping rig the vote'' in Fox News exclusive.
• President slams judges' election decisions: 'What kind of a court system is this?'.
• Kamala Harris slammed for sucking up to small businesses after bailing out agitators.

CNBC:

• OPEC+ considers delay to its output hike, but faces a resurgent U.S. shale industry.
• Fauci says Christmas and New Year’s restrictions will be necessary due to holiday coronavirus wave.
• Zoom investors are looking to a post-pandemic 2021 even with current growth at over 300%.
  

Zero Hedge: 

• Judge Blocks, Then Unblocks Georgia From Wiping Or Resetting Election Machines.
• Newt Gingrich: 2020 Election May Be Biggest Presidential Theft Since 1824.
• FBI Asks Pro-Trump Statistician To Share Findings Into Illegal Ballots.  
• NYC Pub Declares Itself "Autonomous Zone" After Government Tries To Shut It Down.
• Over Half Young American Adults Now Live With Their Parents.
• Michael Flynn Says Coup Against Trump Still In Progress In First Public Remarks Since Pardon.
• NYC To Reopen Elementary Schools, Phase Out Hybrid Learning.
• Chinese Government Stepping Up Propaganda To Change COVID Origin Story.
• The 'Smartest Man In The Room' Just Joined Sidney Powell's Team   Market Risk Elevated Heading Into Distribution Season.
• Iran's 'Retaliation' Begins: Parliament Votes To Raise Uranium Enrichment To 20%.
• 1 In 13 Of All US Nursing Home Residents Have Died Of COVID-19.
• Delta And Alitalia Offer "Quarantine-Free" Flights In First Push To Jump Start Travel Industry.
• CCP Imposes Tough New 'Social Credit Score' Rules.
• Visualizing 50 Years Of Gaming History, By Revenue Stream (1970-2020).
• 2021 Would Be A Great Time To Audit The Fed.
• Cali Mansion Once Listed For $100 Million Sells For "Only" $48.4 Million.

NewsMax:

• Trump Suggests Special Prosecutor For 'Rigged' Election.
• Trump: Would Like to File 'Nice Big Beautiful Lawsuit' to Challenge Election.
• Sen. Paul Calls Out 'Anomalies in Vote Counts,' Big Tech.
  

 TheGatewayPundit.com:

• Five Videos – Five States Where Votes Were Switched Live on TV Away from President Trump to Biden –Updated.
• “I’m Going to Use 125% of My Energy to Do It” – President Trump Vows to Reveal Massive Voter Fraud and Overturn Results in 2020 Election (VIDEO).

The Epoch Times:

• More Pain Ahead for Chinese Bond Market. 
• Charity Worker Describes Worsening Poverty in China as Beijing Claims It Has Eliminated Poverty Nationwide.

@kylenabecker:

• The *software update* Georgia is doing with Dominion voting machines is tantamount to destroying evidence at the heart of ongoing legal disputes. The American people are being deprived of transparency necessary for a free & fair election. Unacceptable. 
• "I conclude with high confidence that the election 2020 data were altered in all battleground states"... US Intelligence Expert with PhD. in computer systems management & DIA/CIA/FBI/NSA/DHS advanced training *SHREDS* claims 2020 election was free & fair.
  

ProtectTheVote.com: 

• Serious allegations of misconduct in the 2020 elections have resulted in unprecedented legal action to ensure our elections are -- and remain -- free and fair. Find out where we’re exposing fraud and how you can help.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading

• Asian indices are -.25% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 59.75 +.5 basis point.
• China Sovereign CDS 30.25 unch.
• Bloomberg Emerging Markets Currency Index 61.28 unch.
• Bloomberg Global Risk-On/Risk Off Index 1,379.0 +44.0 points.
• Volatility Index(VIX) futures 22.95 +.55%. 
• Euro Stoxx 50 futures -.48%.
• S&P 500 futures -.22%.
• NASDAQ 100 futures +.13%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (ATHM)/1.00
  

After the Close:

• (ZM)/.76
  

Economic Releases

9:45 am EST

• The MNI Chicago PMI for Nov. is estimated to fall to 59.1 versus 61.1 in Oct.
  

10:00 am EST

• The Pending Home Sales MoM report for Oct. is estimated to rise +1.5% versus a -2.2% decline in Sept.

10:30 am EST

• The Dallas Fed Manufacturing Activity report for Nov. is estimated to fall to 15.8 versus 19.8 in Oct.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Italian inflation reports, CSFB Tech/Media/Telecom Conference, Citi Basic Materials Conference, Goldman Sachs Industrials Conference and the (DPZ) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.