Tuesday Watch

Today's Headlines

Bloomberg:      

• Norway Moves to Calm Vaccine Anxiety After Elderly Deaths.
• Vaccine Disparities Raise Alarm as Covid Variants Multiply.  
• Russia Jails Putin Critic Navalny for 30 Days, Defying West.  
• Europe’s Firms Face $720 Billion Capital Gap to Fund Recovery.
• De Beers Raises Diamond Prices Most in Years.   
• Asian Stocks Climb; Treasury Yields Edge Higher: Markets Wrap.
• Russia’s Flagship Crude Gets a Boost From Saudi Production Cuts.  
• Oil Near $52 With Virus Still Surging and Dollar Strengthening.   
• Yellen Steps Up, Unfinished Trade File, China’s Dilemma: Eco Day.  
• Investors Flock Back Into Oil for Reflation Trade, Hedging.  
• Keystone XL May Be Sold for Scrap If Biden Moves to Kill It.
• Biden Inauguration Ceremony Curtailed by Security, Virus Threats.  
• Dollar Shorts Mount Before Yellen Outlines Market-Based Policy. 
• Here Are the U.S. Companies Hitting Pause on Political Donations.  
• Harris Quits Senate, Clearing Way for Padilla: Inaugural Update.

Wall Street Journal:

• The Debt Question Facing Janet Yellen: How Much Is Too Much?
• lacklists Are the Rage in Publishing.
• France, Once a Vaccine Pioneer, Is Top Skeptic in Covid-19 Pandemic.
• Oil Giant Total Buys Stake in World’s Biggest Solar Developer.
• These Companies Want to Charge Your Electric Vehicle as You Drive.
• Ten Global Consumer Trends for 2021.
• Lumentum in Advanced Talks to Buy Laser Maker Coherent.

Fox News:

• Caravan member cites Biden’s pledge as reason for US trip.
• Congressional leaders silent on details of Trump impeachment trial, with inauguration just days away.

CNBC: 

• Biden team says won’t lift Europe, Brazil travel restrictions despite Trump order.
• Corporate profits are going to get ‘better and better,’ Credit Suisse predicts.
• Yellen says U.S. must ‘act big’ on next coronavirus relief package.
• The states Americans headed to the most in 2020, according to U-Haul.
• Biden plans immediate executive actions to roll back Trump era after inauguration speech.
• Biden picks Chopra, Gensler for financial oversight roles.
• The wealthy are investing like a market bubble is here, or at least near.
  

Zero Hedge: 

• Lincoln Project Co-Founder Steps Down After "Inappropriate" And "Sexually Charged" Texts To "Dozens Of Young Men".
• California Halts COVID Vaccinations From Moderna Batch Linked To "Unusually High Number" Of Adverse Reactions.
• 13,000 NY Nursing Home Residents And Nearly Half Of Staff Decline COVID-19 Vaccine.
• 'No Evidence Of Threats, No Issues Flagged' As MSM Stokes Fears Of Military Insider Attack At Inauguration.
• In Today's America, The Wise Person Willfully Suspends Belief.
• COVID Lockdowns Will Result In 1 Million Excess Deaths Over Next 15 Years, Scientists Find.
• The Next Wave Of Spending Will Not Bring Prosperity.
• Biden Plans '10-Day Blitz' Of Executive Orders To 'Reverse Greatest Damages Of Trump Administration'.
• The Destructive Force And Failure Of QE.
• Cuomo Slams DHHS, Pushes To Buy COVID Jabs Directly From Pfizer; Norway Struggles To Ease Vaccine Worries: Live Updates.
• Buffett Wins: Biden Set To Cancel Keystone Pipeline Permit On First Day Of Office.
• Global Markets, S&P Futures Flat With US Markets Closed For MLK Holiday.
• 1000s Denounce COVID Lockdown In Amsterdam As Chaos Unfolds At "Unauthorized" Gathering.
• Key Events This Busy Week: Biden, Central Banks, PMIs And Earnings.
• Blain: "What Will Be The Effect Of The $1.9 Gazillion Biden Spend-A-Thon On Inflation".
• Parler Back From The Dead As CEO Posts New Message.
• Visualizing How News Media Is Describing The Incident At The US Capitol.
• Over 50,000 Restaurants In Italy Declare "I Am Open" Defying Lockdown Measures.
• Moscow Tops Mumbai As World's Most-Congested City.
• UK May Ease COVID Lockdown From March, Foreign Secretary Says.
• As Tech Companies Purge Users, Here Are Some Alternatives.
• China Reports Stronger Than Expected GDP, Is Only Major Economy To Grow In 2020.
• Blue State Economies Will Soon Crumble – But Will They Take Red States With Them?

NewsMax:  

• CNN Pushes to Close Down Newsmax TV.  
• Pence: 'Proud' Trump Admin Kept US Out of New Wars.

The Blaze:

• Rand Paul has dire warning about future of Republican Party if GOP supports Trump impeachment.

TheGatewayPundit.com:

• HERE THEY ARE: The Five Most Obvious Acts of Fraud in the 2020 Election that You Are No Longer Allowed to Discuss.
• BREAKING: DNI Ratcliffe Releases Report Showing China Interfered with the 2020 Election and CIA Management Pressured Analysts Not to Report It.
• Hundreds of Active Duty Troops Along with 25,000 National Guard Troops are Authorized for Biden’s Virtual Inauguration Event.
• Honduran Migrant Heading to US Border: Joe Biden is Going to Help All of Us, He’s Giving Us 100 Days to Reach the US (VIDEO).
• “I want Honest Elections!” Jovan Hutton Pulitzer Releases New Video on 2020 Election.
• AMERICA LAST: Biden Set to Cancel Keystone XL Pipeline and Ask Congress to Offer Amnesty to 20 Million Illegals in First Week.
• VIDEO EXCLUSIVE: Film Crew Releases Never Before Seen Footage of 2017 Inauguration Riots.
• UPDATE: Conservative Lawmakers Call for Turncoat Liz Cheney’s Resignation – Collecting Signatures for a Vote to Oust Vocal Trump-Hater (VIDEO).
• ROGER STONE: President Trump Must Use His Pardon Power to Neutralize the Radical Left’s Un-American Plan to Persecute Their Opponents Who Dared Challenge the Results of the 2020 Election.
• “You’re Really Not Americans Anymore. What You Are, Are Creatures of Big Tech.” – Rudy Giuliani on Big Media and Big Tech Censorship (Video). 
• FBI Vetting National Guard Troops in DC Over Fears of ‘Insider Attack’ or Threat From Service Members Securing Biden Inauguration.
• Turncoat GOP Lawmaker Tells ABC News His Impeachment Vote “May Have Ended His Career” – Ya Think?
• Creepy Bill Gates Is Now the Largest Private Farm Land Owner in the US – What Is He Up To Now?
• Four GOP Reps DIDN’T VOTE on Impeachment – Along with the 10 Turncoats Who Voted to Impeach Trump – Update.

NBC 10 Philadelphia:

• These Are the Companies Taking a Stand on the U.S. Capitol Protest by Pulling Their Political Donations. Many of the country's biggest companies across industry sectors, from Ford Motor Co. to Airbnb to Boston Scientific, announced suspensions of all PAC donations. The list of companies pledging change, which continues to grow, included the financial services companies JPMorgan Chase, Goldman Sachs and Citigroup and the tech behemoths Microsoft, Facebook and Google. A host of other large companies, including Delta Air Lines, Wells Fargo, Walmart and Bank of America, said they would take the unprecedented events of last week into account when considering future political donations.

The Epoch Times:

• Inside China’s Xinyang Prison: Abuse and Forced Labor. 
• A Year After Severe Wuhan Outbreak, China Promotes Propaganda Film Praising Authorities.
• China’s Food Prices Skyrocket as CCP Virus Outbreak Spreads to More Regions.

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 +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 63.25 +1.75 basis points.
• China Sovereign CDS 32.25 +1.75 basis points.
• Bloomberg Emerging Markets Currency Index 62.42 +.08%.
• Bloomberg Global Risk-On/Risk Off Index 1,970.0 +61.0 points.
• Volatility Index(VIX) futures 25.4 -2.33%. 
• Euro Stoxx 50 futures +.47%.
• S&P 500 futures +.51%.
• NASDAQ 100 futures +.53%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (BAC)/.54
• (SCHW)/.66
• (CMA)/1.18
• (GS)/7.36
• (HAL)/.14
• (HTLD)/.22
• (LOGI)/1.26
• (PETS)/.38
• (STT)/1.55
  

After the Close:

• (IBKR)/.58
• (JBHT)/1.31
• (NFLX)/1.40
• (PNFP)/1.35
  
• (ZION)/1.03
  

Economic Releases

4:00 pm EST

• Net Long-Term TIC Flows for Nov.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Germany Inflation data report, BofA Energy/Battery/Storage Conference and the Jefferies Restaurant/Foodservice/Gaming/Lodging/Leisure Summit could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 75% net long heading into the week.