Evening Headlines

Bloomberg:

• Moody’s Downgrades Ukraine as Drawn Out War Raises Debt Risk.
  
• Wall Street Is as Baffled by Stocks Now as It Has Ever Been.
  
• Why Your Index Fund Won’t Protect You From Tech’s Collapse.
  
• Tesla Weighs on S&P 500 as Twitter Waffling, China Hit Stock.
• Novogratz Warns ‘Picking Bottoms Is Dangerous’ as Bitcoin Slide Resumes.
• Ethereum Co-Founder Buterin Says He’s No Longer a Billionaire.
• American Axle Is Exploring a Sale.  
• Summers Warns on ‘Hipster Antitrust’ Push Eyeing Private Equity.  
• It May Be a Bear Market, But It’s Not a Panic. That’s Worrisome.  
• ‘It’s a Buyers Strike’: Investors Weigh In on Bear Market Plunge. 
• Deere Plunges Most Since 2008 on Supply Chain Snarls, Inflation.
• Retailer Rout Erased $500 Billion, Stirs Worry of More Ahead.

Wall Street Journal:

• Index has fallen seven weeks in a row.
• What Causes a Bear Market?
• Surging Dollar Raises Possibility of Euro Parity.
• China Unexpectedly Cuts Key Rate as Growth Crumbles.
• Recession Trade Is On as Market Pain Goes Beyond Tech.
• Germany Warns Falling Euro Could Push Inflation Even Higher.
• Why the Baby-Formula Market Is a Mess: Low Competition, High Regulation.
• Ukraine Will Fight Until All Russian Forces Expelled, Military Intelligence Chief Says.
• Mysterious Hepatitis Outbreak in Children Spurs Global Race for Answers.

Fox News:

• The end of Title 42 will create ‘chaos all across the border,' former ICE director warns.
• School board group lays blame for viral letter comparing parents to terrorists.
• Biden 'downgraded' US relationship with European country, top diplomat says.

CNBC:

• Recession is ‘likely,’ former SEC chief economist says. Here’s his advice for how to prepare.
• Tech stocks mired in longest weekly losing streak since dot-com bust.
• Bitcoin prices sink, Gary Vee on state of NFT market, Coinbase slashes spending: CNBC Crypto World.
• Stocks head for another potentially treacherous week, as a slew of retailers report earnings.

Zero Hedge:

• 12 Nightmarish Economic Trends That We Should Expect To See During The 2nd Half Of 2022.
• "Who Will Be This Recession's Lehman?": Wall Street's Most Accurate Analyst Says "3600 Is The New Bull Case"
• NYC Reports First Suspected Monkeypox Case As WHO Convenes Emergency Meeting.
• Is The Woke Corporate 'Worm' Finally Turning?
• Melvin Capital Investors "Fuming" At Fund's "Fairweather Money Management" Strategy And "Abrupt" Shut Down.
• "Who Cares If Miami Is Underwater In 100 Years" - HSBC Global AM Head Slams "Nut Job" Climate-Alarmists.
• "Anything We Touch Is A Weapon": New US PsyOps Recruitment Video Casts Spotlight On China Threat.
• "I Am Indeed Out For Blood": Musk Says 2016 Hillary Tweet 'Absolutely' Disinformation, Asks Parag To Weigh In.
• Federal Judge Blocks Biden Admin's Termination Of Title 42.
• FBI Lawyer Admits Knowing Clinton Was Behind Trump Allegations Would Have Changed Things.
• Giant Container Ships Are Ruining Everything.
• CEOs Are Quitting Their Jobs At The Fastest Pace On Record.
• Newsquawk US Market Wrap: Spooz fall for a 7th straight week into May's option expiry.
• Biden Admin Places $119 Million Order For Monkeypox Vaccines As Virus Hits US.
• Dow Suffers Longest Losing Streak In 99 Years, Bonds & Bullion Bid.

MarketWatch.com:  

• Junk bonds are showing signs of liquidity strains as the S&P 500 heads into bear market territory.
• ‘Robinhood’ investors are ‘going to get their heads handed to them,’ as bear market takes hold, says ‘Godfather’ of chart analysis.
• Fed’s Bullard says retailers who don’t understand that consumers are stretched thin by inflation are going to get ‘punched in the face’.
• Watch out if you’re male, over 45, and think you know about investing.

NewsMax:

• San Francisco Bishop Bans Pelosi From Communion.

TheGatewayPundit.com: 

• BOMBSHELL VIDEO Shows Same Woman Makes FOUR Trips to Detroit Drop Box In TWO Days… Deposits Stacks Of Ballots — EXCLUSIVE VIDEO.
• AOC Mocks Christians For Opposing Abortion, Rants About How Babies in the Womb Are Not a Life (VIDEO).
• “Makes You Wonder What Else is Fake” – Elon Musk Tweets on the Trump-Russia Media Hoax.
• Another Study Confirms Wearing Masks Increases COVID Infection.
• Brian Kemp Allowed Ballot Traffickers to Steal Georgia Elections TWICE — Gave Us JOE BIDEN and DEM SENATE MAJORITY. 
• Hidden Document Shows Obama Met Dr. Tedros and Terrorist Leaders of Ethiopia in 2014 – Then In 2017 Tedros Elected Head of WHO.
• WHERE IS THE MAINSTREAM MEDIA? Gas Prices Reach Another New All-Time Record High at $4.593/Gallon — 11th Straight All-Time Record High in 11 Days.

The Epoch Times:

• ‘Anything We Touch Is a Weapon’: New US Psychological Operations Recruitment Video Casts Spotlight on China Threat.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 817,537 Reports(+4,517 from prior week) Through May 13th, 2022. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).