Evening Headlines
Bloomberg:
- China Calls Russia Ties ‘Solid as Rock’ Amid Ukraine Peace Push.
- New Zealand Delivers Half-Point Rate Hike, Still Sees 5.5% Peak.
- Asia Stocks Track US Declines on Rising Fed Fears: Markets Wrap.
- Tesla Undercuts Average US Car by Almost $5,000 in EV Shakeout.
- Blackouts Hit San Francisco Area as Winds Strike Before Snow.
- Citigroup’s Jane Fraser Bucks Rivals as 2022 Pay Rises to $24.5 Million.
- Tax Breaks Threaten Remote Work If Cities Start Enforcing Them.
- ‘Historic’ Winter Storm to Dump Snow From California to East Coast.
- In South Florida, an Anti-Cathie Wood Investor Is Quietly Building a Stock Empire.
- Biden’s Fed Vice Chair Search Seen Focusing on Three Ex-Treasury Officials Under Obama.
- Investors Stung by Treasuries Rout Brace for Next Fed Blow.
- US Stocks in Thrall of Fed Have Further to Fall, History Shows.
Wall Street Journal:
- U.S. Jury Convicts Mexico’s Former Top Cop of Drug Trafficking.
- Russia, China Challenge U.S.-Led World.
- Justices Express Skepticism at Holding Google Liable for Content.
- Office Landlord Defaults Escalate as Lenders Brace for More Distress.
- China’s Xi Plans Moscow Visit as Putin Wages War.
- Crypto Trader Says Code Let Him Withdraw Millions. Prosecutors Say He Crossed a Line.
- McKinsey Intends to Eliminate as Many as 2,000 Jobs.
- Walmart, Home Depot Earnings Dented by Spending on Basics.
Fox News:
- Gavin Newsom predicted a massive deficit for California — but the reality was even worse.
- Georgia players sound off after White House doesn't invite national champs.
CNBC.com:
- Amazon employees push CEO Andy Jassy to drop return-to-office mandate.
- U.S. home sales post 12th straight monthly decline; house price inflation cools.
- Why it’s so hard to build new electrical transmission lines in the U.S.
- Coinbase beats on revenue and earnings, but usage continues to decline.
- Here’s how Wall Street bought hundreds of thousands of single-family homes since the Great Recession.
- The wedding boom is winding down but inflation is still driving up the cost to say ‘I do’.
MarketWatch:
- Financial markets wake up to outside risk of almost 6% fed-funds rate by July.
- Stock-market rally could peak before first quarter is over, say JPMorgan strategists.
- The stock market booked its worst day of 2023 because investors aren’t sure where rates will peak.
- ‘Not a time to buy’: S&P 500 exiting ‘best era’ in decades for earnings growth amid ‘dried up’ liquidity.
Zero Hedge:
- US Believes Russia Conducted 'Satan 2' ICBM Test While Biden Was In Ukraine.
- Minnesota Bar Owner Faces $350,000 In Fines For Defying State COVID-19 Restrictions.
- California City Council Member Arrested On Voter Fraud Charges: Sheriff.
- Over 1 Million Gallons Of Contaminated Water Excavated From Ohio Train Derailment Site.
- Mood In Washington Shifting In Favor Of Jets For Ukraine.
- ChatGPT Co-Creator Says The World May Not Be "That Far Away From Potentially Scary" AI.
- Explaining The Value Of Labor To Leftists Who Hate The Concept Of Work.
- US stocks declined after strong PMI data spurred further hawkish rate pricing - Newsquawk Asia-Pac Market Open.
- Bill Gates' Daughter Jennifer Moves Into Sprawling $51 Million, 8,900 Sq. Ft. NYC Mansion.
- Hot PMI data raises Fed terminal pricing, hitting stocks and bonds - Newsquawk US Market Wrap.
- Jim Quinn: March Of Folly - The Fall Of American Empire.
- The War On Musk: Washington Post Slammed Over Twitter Hit Piece.
- Credit Suisse Crashes To All-Time Low After Regulators Probe If Chairman Lied About "Stabilizing" Outflows.
- Bond Bloodbath Triggers Biggest Stock Puke Of Year.
TheGatewayPundit.com:
- THEY’RE SCARED: Democrats And A Certain RINO Are Melting Down Over Tucker Carlson Releasing 41,000 Hours Of J6 Footage.
- Reckitt Recalls 145,000 Cans of Baby Formula Amid Shortage.
- Study Finds Egg Yolk Blocks COVID Virus in Body – At Same Time Chicken Farms Are Burning Down and There’s an Egg Shortage in America.
- REPORT: Biden’s DOD Allowed An Unsecured Server To Spill Sensitive American Military Emails Online For TWO WEEKS.
- Before His Death, Trump Advisor Curtis Ellis Exposed The Dark Side Of China’s Rise In The Chilling Book “Pandemonium”.
- NYC Mayor Adams Lectures DeSantis on Twitter, Gets Humiliated.
- UNLV Football Player Ryan Keeler Dies Suddenly At 20-Years-Old.
- Trump: Biden is Pushing us into World War III – Here’s How I’d Stop It.
- It’s Worse Than First Reported – Illinois Has 930 Schools Where Only 1 in 10 Children Can Do Math at Grade Level.
- EXCLUSIVE: Project Veritas Staffers tell Board: Quit or We Walk!
- “Your Strategic Imperative Is Defending the United States” – Elon Musk to Woke Military.
- WATCH: East Palestine Mayor Slams Biden For Giving Millions to Ukraine — Says ‘He Doesn’t Care about Us’.
Twitter:
- @GameofTrades_ - Higher for longer narrative getting stronger. (graph)
- @ProfanityNewz - Earlier today a massive fire broke out following mass casualty explosion at a metal facility in Bedford, Ohio. (video)
- @BernieSpofforth - NET ZERO - ‘Scientists’ now calling for WW11 style rationing of food, petrol & energy, to accelerate net zero and save the planet from the Climate emergency. Digital ID, Social Credit scoring & CBDC’s incoming, can you see the nudge?
- @TuckerCarlson - The President of the United States is personally visiting a corrupt foreign country to announce a half billion dollars in new spending. Meanwhile you have a mushroom cloud over East Palestine, Ohio; the animals are dying and the water is glowing. (video)
- @LoveWorld_Poepl - #NEBRASKA :#VIDEO DERAILMENT OF A UNION PACIFIC FREIGHT TRAIN CARRYING COAL IN EAST OF GOTHENBURG! Approx. 31 Union Pacific train cars derailed. (video)
- @disclosetv - JUST IN - Unsecured DoD sever was spilling terabytes of internal U.S. military emails to the open internet for the past two weeks.
- @L_Team10 - #USA, #Now Massive fire breaks out a Brooklyn Lumber Storage Warehouse. (video)
- @unusual_whales - 57% of Americans can’t afford a $1,000 emergency expense, per Fortune.
- @SpartaJustice - Unfollow @Project_Veritas now. The removal of James O’Keefe is because he exposed Pfizer... (video)
- @DrEliDavid - Israel court ordered Ministry of Health to release the agreement with Pfizer. These two pages contain the section titled “Liability & Indemnity Provision”. I wish this were a joke, but it's not...
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 936,483 Reports(+1,783 from prior week) Through February 10th, 2023.
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.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are modestly lower, weighed down by tech and consumer shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
- Asian equity indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 123.75 +7.75 basis points.
- China Sovereign CDS 74.0 +7.5 basis points.
- China Iron Ore Spot 130.3 USD/Metric Tonne -.73%.
- Bloomberg Emerging Markets Currency Index 47.6 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 60.6 +.07%.
- Bloomberg US Financial Conditions Index .13 -11.0 basis points.
- Volatility Index(VIX) futures 22.9 -.22%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures +.17%.
- NASDAQ 100 futures +.21%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by tech and consumer shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
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