Tuesday Watch

Evening Headlines

Bloomberg:          

• China Set to Plug Liquidity Gap as $92 Billion of Funds Mature.
• Asian Stocks See Muted Start; Dollar Steadies: Markets Wrap.  
• Oil Holds Near $47 as Investors Weigh Lockdowns Against Vaccine. 
• Five Things You Need to Know to Start Your Day.
• U.S. Deaths Surpass 300,000; London Faces Curbs: Virus Update.  
• Citi Was Mocked by Asset Managers: ‘Take the Money and Run’.  
• FDA Approves Pig Genomic Alteration for Human Therapeutics Use.  
• Hackers Used Obscure Texas IT Vendor to Attack Top U.S. Agencies.
• SpaceX in Talks for New Funds and $92 Billion Valuation: Report.  
• More U.S. Homeowners Seek to Delay Mortgage Payments. 
• Semiconductor Analysts Bullish on 2021, But Valuation a Risk.

Wall Street Journal:

• Vaccine’s Initial Scarcity Leads to Tough Choices for Hospitals.
• Among Nursing Homes Hit by Covid, Veterans Homes Struggled the Most.
• Boeing Widens 787 Dreamliner Inspections.
• Google Outage Jolts Users Globally.
• Chewy’s CFO to Expand Pet Products, Explores Monetizing Telehealth Services.
• FTC Demands Data From Big Tech Companies.

NY Post: 

• US companies riddled with members of Chinese Communist Party: Devine.
  

CNBC.com

• Jim Cramer says stay-at-home trade is back on — ‘Lockdown is where we’re headed’.
• Costco CEO says company is doubling down on brick-and-mortar, even as it invests in e-commerce.
• Pfizer negotiating with U.S. to provide an additional 100 million Covid vaccine doses, CEO says.

MarketWatch.com:            

• Disney’s stock gets a downgrade as company begins the ‘hard part’ of meeting subscriber goals.  
• Stock-market uncertainty runs high headed into Fed’s final meeting of 2020.  
• Government agencies, private companies secure networks, begin to assess damage from massive hack.  
• AMC Entertainment’s stock plunges after disclosure of massive share-sale plan.

Zero Hedge:

• Dis-Barred: Trump Says Attorney General Out By Christmas.
• Another Paradox: Consumer Spending Expectations Surge, Despite Dismal Income, Earnings.
• Doug Casey On What Happens When The Suspension On Evictions Ends.
• Data Shows Fears Of Overwhelmed Medical System Overblown, Ample Hospital Capacity Nationwide.
• One Little Problem With The "All-Electric" Auto Fleet: What Do We Do With All The "Waste" Gasoline?
• Hotels Consider Requiring All Guests To Have COVID Vaccination.
• BofA Lists "Five Volatility Inducing Surprises" For 2021.
• Sen. Johnson: Congress Should Have Been Told About DOJ Hunter Biden Probe.
• Boston Tightens COVID Restrictions As US Deaths Top 300K, First Health-Care Workers Vaccinated: Live Updates.
• Man With Bullhorn Takes Stand Against Newsom's Lockdowns In California Costco.
• Larry Ellison Is Latest Billionaire To Flee California, Moves To Hawaii.
• America's V-Day Sparks Safe-Haven, Protection Buying As Stocks 'Sell The News'.

Newsmax:

• Stacey Abrams Brags She Has 1.2M Absentee Ballots for Ga. Runoff.
• CNN Parent Rejects Trump Ads About Election Fraud.    
• Trump Slams Cleveland for Dropping 'Indians' Name.
• Trump Raises China Concerns as Reason to Veto Defense Bill.
  

@kylenabecker:

• ARIZONA. Dominion will get another AUDIT that will likely show us what we already know: The *digital adjudication* process was abused to cast thousands of votes without any way to check audit trails. Outstanding chance the logs were deleted as well.
• If you ignore the video footage, voice recordings, data analysis, statistic impossibilities, whistleblowers, eye witness testimony, affidavits, vote switching, fractional votes, destruction of evidence, emails, etc. there is NO proof of voter fraud.
  

TheGatewayPundit.com:

• Fully Exposed–The Dominion Plot to Defraud the American Voters and President Trump.
• EXCLUSIVE: Six Swing States (PA, GA, MI, WI, AZ and NV) and New Mexico Pick a Slate of Electoral Delegates for President Trump and Joe Biden – Here’s What It Means.
• “I Made a Choice, I Can Either Sit with Surrender Caucus or Stand Up and Fight” – GOP Rep. Mo Brooks Vows to Fight Stolen Election in January.
• With U.S. Senate Runoffs Near, Georgia’s Not Prosecuting Its Unprecedented Number of Double Voters.
• JUST IN: Georgia Secretary of State Brad Raffensperger Announces Signature Audit For Absentee Ballots in Cobb County.
• BREAKING: FBI, Texas Rangers and US Marshals Raid Solarwinds HQ in Austin — More News Coming on CEO and Executive Vice President.

The Epoch Times:

• Dominion Voting Systems Uses Firm That Was Hacked.
• YouTube’s New Policy on Election-Related Content Akin to Censorship: Chinese Analysts.

WION:

• Two million members of Chinese Communist Party infiltrating world's biggest companies: Report. According to the list of data, the companies which are being secretly infiltrated by CCP members include manufacturers such as Boeing and Volkswagen, pharmaceutical companies like Pfizer and AstraZeneca, and banks like ANZ and HSBC.

Geller Report: 

• LOOK Who Owns Dominion Voting Systems: Politically Motivated PRIVATE Equity NY Hedge Fund.

The Atlantic:

• The End of the Filibuster—No, Really. Many activists will not tolerate a Democratic-controlled Senate that allows Republicans to block legislation next year.

Politico:

• AOC Lays Out Progressive Wish List for Biden.

Glenn Beck:

• Elizabeth Warren’s ‘progressive wish list’ will destroy America. (video)

Daily Caller:

• Trump Urges Supporters Not To Boycott Georgia Senate Elections. President Donald Trump urged his supporters not to boycott the upcoming runoff Senate elections in Georgia on Friday, saying a boycott would be “playing right into the hands” of Democrats.
  

NTD News:

• "A lot of people, friends of mine, say, let's not vote... But if you do that, the radical left wins. ... You're angry because so many votes were stolen, it was taken away...If you don't vote, the socialists and the communists win"—Trump rallies for Perdue and Loeffler. (video) 

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 equity indices are -.5% to unch. on average.

• Asia Ex-Japan Investment Grade CDS Index 58.25 unch..

• China Sovereign CDS 29.0 unch.

• Bloomberg Emerging Markets Currency Index 62.31 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 1,166.0 +47.0 points.
• Volatility Index(VIX) futures 26.05 -.29%
• FTSE 100 futures -.40%.

• S&P 500 futures +.24%.

• NASDAQ 100 futures +.15%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

•  None of note
  

After the Close:

• (AOUT)/.15
• (NDSN)/1.53

Economic Releases

8:30 am EST:

• The Empire Manufacturing Index for Dec. is estimated to rise to 6.5 versus 6.3 in Nov.
• The Import Price Index MoM for Nov. is estimated to rise +.3% versus a -.1% decline in Oct.
• The Export Price Index MoM for Nov. is estimated to rise +.2% versus a +.2% gain in Oct.
  

9:15 am EST

• Industrial Production MoM for Nov. is estimated to rise +.3% versus a +1.1% gain in Oct.
• Capacity Utilization for Nov. is estimated to rise to 73.0% versus 72.8% in Oct.
• Manufacturing Production for Nov. is estimated to rise +.4% versus a +1.0% gain in Oct.
  

4:00 pm EST

• Net Long-Term TIC Flows for Oct.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The UK unemployment rate, weekly US retail sales report, (LLY) investor update, (CS) investor day, (ELAN) investor day and the (BDC) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly lower, 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 day.