Monday Watch

Today's Headlines

Bloomberg:

• China Reopening Party Over as Emerging Markets Slip Back to Void.
• World’s Top LNG Buyer Sees Risk of Another Price Spike This Year.
• Jerome Powell Could Face More Opposition as Fed Choices Get Tougher.
• FDIC Needs ‘Lowest-Cost’ First Republic Option, Khanna Says.
• Key Takeaways From a Better-Than-Feared Start to Earnings Season.
• Equity Bulls Count on Fed-Cycle Math That Worked For Decades.
• GOP’s Scalise Challenges Senate to Pass Own Debt-Limit Bill.
• Munger Warns Banks Stuck with Commercial Property Debt, FT Says.
• Miami Parties Through Tech Downturn: 'I Choose Rich Every Time'.

Zero Hedge: 

• Epstein's Private Calendar Emerges: Among Prominent Names Listed Are Biden's CIA Chief, Goldman Top Lawyer.   
  
• Vultures Circling: Bearish Bets Against REITs Soar As CRE Meltdown Risks Mount.
• MIT Scientists Create New Nanoparticle Sensors To Detect Early Cancer Via Simple Paper Test.
• Democrat Cities Have Biggest Homicide Rate Problem, Study Finds.
• With FRC Auction Results Imminent, Handicapping The Reported Bidders For First Republic.
• How Long Until The US Is Put On Downgrade Watch?
• When We Lose Small Businesses...
• Sean Hannity's Ratings Plunge After Tucker Carlson’s Fox News Exit.
• "It Was Weird": Video Shows 'Mysterious Lights' Hovering Over Las Vegas.
• CNN Host Shockingly Blasts Teachers Union Boss Over School Closure Lies.
• Over 10,000 FBI Agents Can Access Data From Secretive Surveillance Program: Inspectors General.
• Montana Governor Signs Bill Banning Tansgender Surgeries For Children.
• Watch: Musk Warns Bill Maher 'Woke Mind Virus' Is Existential Threat To Civilization.
• Fitch Downgrades France To AA-, Cites Civil Unrest As Major Risk.
• Taiwan Now Has Real Time Intelligence Sharing Link With Five Eyes.
• 'Equity' And The Race To The Bottom.
• Texas Senate Passes Legislation Banning 'Hostile Foreign Nations' From Buying Farmland.
• CJ Hopkins Advice To RFK Jr: "F**k It, F**k Them... Tell The Truth... The Angry, Uncensored Truth".
• Vegas Baby! (Or South Korea's 'Hawaii'): These Are The Busiest Air Routes In The World And Stateside.
• AOC Is Wrong - Deplatforming Never Works.
• The State Of 'Democracy' Around The World.

Wall Street Journal:

• The Building Boom Is Prolonging Market Pain.
• Stock Market Calm Rekindles Debate Over Fed Tightening.
• McCarthy Shores Up GOP Lines as Debt-Ceiling Battle Looms.
• Epstein’s Private Calendar Reveals Prominent Names, Including CIA Chief, Goldman’s Top Lawyer.
• Victory Elusive for Russians in Grinding Battle in Ukraine’s East.

CNBC:

• Top cloud providers Amazon, Microsoft and Google face ongoing spending cuts by clients.
• What Home Depot’s billion-dollar pay raise may help prove about workers.
• Charlie Munger reportedly warns of trouble for the U.S. commercial property market.
• Florida is the No. 1 U.S. state retirees are moving to—here’s where else they’re going.
• Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers.
• Alzheimer’s patients may wait years for new treatments, putting them at risk of more severe disease.
• How A.I. could change the future of work.

MarketWatch.com:

• Opinion: Microsoft and Alphabet increase spending on AI, but don’t get carried away yet

NewsMax:

• Texas Border City Overwhelmed as US Braces for Huge Wave of Migrants.
• Gallup: Biden's Worldwide Approval Plunging.
• Fleitz: Why Isn't Biden Worried About China?

Fox News:

• Target is making a major change that will impact your next shopping trip

TheGatewayPundit.com:

• Democrats Are Mounting a Campaign to Delegitimize the U.S. Supreme Court  
• REPORT: Newsmax Offers Tucker Carlson Colossal Deal.
• Blue State Exodus: New IRS Migration Data Shows New York, California, Illinois Hemorrhaging Citizens and Tax Dollars for a Move to Red States.
• Ireland Set to Pass “Hate Speech” Laws – Will Make Possessing “Hateful” Content on Your Devices a Jailable Offense – Elon Musk Weighs In.
• WHERE’S AOC? Democrat Hypocrites Slient as Photos Show Kids in Cages at the Border.
• Biden Calls Himself “Dark Brandon” During White House Correspondents’ Dinner (Video).
• RFK Jr. Says His Father and Uncle Were Fighting Against Military Industrial Complex Before Their Deaths.
• DOCTORS WARN: Occurrences Of Rare Brain Infection In Children Have TRIPLED After Covid-19 Lockdowns.

Twitter:

• @isource_news - iSN: Suzanne Scott the CEO of Fox? Tucker Carlson: Yes. That Suzanne. She said the decision had been made by people above her that I was no longer going to be on the air. I asked why and she couldn't answer beyond saying she was sorry.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 955,352 Reports(+1,937 from prior week) Through April 21st, 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.

Morning Preview Links

BOTTOM LINE:  I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:

• Kim’s Powerful Sister Slams ‘Old’ Biden Over Nuclear Threat.
  
• China’s Now Spurning ‘Ugliest Buildings’ That Symbolized Its Meteoric Rise.
• Hong Kong’s Unsold New Homes Highest Since 2007, Ming Pao Says.
• German Bonds a No-Go Zone as ECB Seen Keeping Hawkish Stance. 
• Mexico Congress Passes Blitz of Reforms Amid Tension.
• Softbank’s Arm Says It Registered Confidentially for US IPO.
• Egypt Plans to Raise Ration Card Commodity Prices, Minister Says.
• Ukraine Latest: Kyiv Official Slams Poland Over Food Import Ban. 
• Signs Are Mounting That a Debt Crunch is Looming.
• Fed Seen Boosting Rates Even as Economic Risks Build.
• Democrats Look to McConnell, the Man They Called ‘Grim Reaper,’ for Debt Help.
• Bond Volatility Has Busted the 60/40 Portfolio’s Safety Valve. 
• FDIC Asks Banks for Final First Republic Bids Due Sunday.
• Apple, Qualcomm, AMD Earnings to Put Tech Rebound In Focus.
• Charting the Global Economy: Inflation in US Remains Stubborn.
• Your Saturday US Briefing: Biden’s Game of Chicken, Trump’s Big Shadow. 
• Your Saturday Asia Briefing: Everything You’re Missing Out On.

Zero Hedge:

• CNN Host Shockingly Blasts Teachers Union Boss Over School Closure Lies.
• Watch: Musk Warns Bill Maher 'Woke Mind Virus' Is Existential Threat To Civilization.
• Ukrainian Kamikaze Drones Blow Up Crimean Fuel Depot, 'Answering' Yesterday's Air Strikes.
• California Teachers Sue School District Over Transgender Policy Allegedly Forcing Them To Lie To Parents.
• The Number Of Jailed Journalists Reaches Record High.
• California Doctor Faces $290 Million In COVID-19-Related Fraud Charges.
• What The End Of Fed Rate-Hikes Means For Stocks.
• "Something Clearly Went Wrong" - Fauci & Friends Desperately Try To 'Close The Book' On COVID.
• 'Modern-Day Slave Traders': Hawley Demands Probe Into 85,000 'Lost' Migrant Children.
• A Conservative Conversation With A Bothered Bot.
• Weapons Makers Suffering Worker Shortages As Ukraine War Drives Demand.
• These 12 States Can Seize Your Home Over Delinquent Property Taxes.
• Alito: I Know Who Likely Leaked The Dobbs Decision.
• Tanker Wars Are Back: Iran Releases Footage Of Commandos Landing On US-Bound Vessel.
• Masks Had No Effect On COVID Cases Among Children: Study.
• Hartnett: "We Stay Bearish".
• 600 Army Aviators Told They Owe Three More Years Than Previously Assured.
• Inflation Still Too High? Let Them Eat EVs.
• "We Are Not Optimistic": Top Sony Exec Doesn't See Smartphone Demand Recovery This Year.
• How Smart Is ChatGPT?
• We Should Really Be Having More Kids.

Wall Street Journal:

• Wage Gains Pick Up as Fed Considers Rate Decision.
• JPMorgan, PNC Are Bidding for First Republic as Part of FDIC Takeover..
• The Boss Wants to Make You More Efficient.
• Social-Media Shopping Scams Are Growing. Young Adults Are the Targets.
• The Latest AI Tech Wouldn’t Be Possible Without You.
• Bear Market’s Survivors Share Biggest Lessons.
• U.S. Struggles to Replenish Munitions Stockpiles.

CNBC:

• First Republic most likely headed for FDIC receivership, sources say; shares drop 40%.
• Why GM is killing the Chevy Bolt — America’s cheapest EV — amid record sales.
• Fed report on SVB collapse faults bank’s managers — and central bank regulators.
• The Biden tax proposals that could hit baby boomer, family businesses. 
• Google Cloud boss Kurian’s rocky path to profit: ‘We were not in a very good situation’.

 MarketWatch.com:

• This stock-market gauge shows investors are brushing off banking, debt-ceiling, and recession worries. Will it last?
• Opinion: Stock investors are right to be cautious now, and being bearish is even smarter
• Opinion: The Fed says don’t worry about U.S. banks, but why should anyone believe them?
• Opinion: Powell and the Fed may be prone to the same mistakes that stoked inflation in the 1970s

NewsMax: 

• Fox News Ratings Collapse by 50% as Newsmax Soars.
• Ric Grenell: Tucker Carlson Backlash 'Enormous'.
• Dick Morris: 'Puppeteer' Deep State Realizing 'Puppet Had Escaped'.

Fox News:

• Bud Light forced to pay up 'heavily' as company reels from Dylan Mulvaney backlash.
• Tourist town rocked by violence after defund police movement rolls out plan to combat crime.

TheGatewayPundit.com:

• DOCTORS WARN: Occurrences Of Rare Brain Infection In Children Have TRIPLED After Covid-19 Lockdowns.
• Moderna’s CEO Raked in Nearly $400 Million Last Year.
• CCP-Tied Battery Plant Pushed By Democrats To Be Built Next To 3rd Largest Watershed In MI…Will Reportedly Consume Twice The Amount of Water Per Day As Major Water Bottling Plant [VIDEO].
• John Deere Corporate Might Have Reason to Panic, But Farmers Will Love What’s Happening.
• FOX News Flatlines – 8 PM Audience Plunges from 3 Million to 1.33 Million IN ONE WEEK!
• Colorado Democrat Governor Signs Four Gun Control Bills – Strengthen Red Flag Laws, Imposes 3-Day Waiting Period, & Raises Age Requirement.
• Joe Rogan Speaks Out On Tucker’s Next Move, Potential Deal With Rumble – “Do You Have Any F**king Idea How Big That Would Be?”.
• More Liberal Tolerance- Black Republican Kentucky AG Daniel Cameron Attacked in Disgusting Cartoon.
• Elon Musk and Bill Maher Discuss the ‘Woke Mind Virus’ and the Radicalization of the Left (VIDEO).
• Prominent Veterans Blast Biden for Pattern of Leaving Americans Behind in Foreign Countries.
• National, Arizona, and Maricopa County Election Officials Gathering For Secret Zuckerberg Funded, Soros Tied US Election Summit At ‘International Spy Museum’.

The Epoch Times:  

• China Expands Anti-Espionage Law Targeting Foreign Companies and Dissidents.
• Chinese Ambassador to France Makes Comments on CCP’s Aims to Reshuffle World Order.

Twitter:

• @IGSquawk - Weekend markets update: Weekend markets update: #DAX 15939 -0.10% #DOW 34083 -0.05% #NASDAQ 13237 -0.10% #FTSE 7876 +0.05% #HANGSENG 20019 +0.33% #GBPUSD 12567 0.00% #EURUSD 11016 -0.02% #USDJPY 13639 +0.05%

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 955,352 Reports(+1,937 from prior week) Through April 21st, 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.

Evening Headlines

Bloomberg:

• Europe Takes Tougher Stance Toward China in Boost to US Policy.
• China’s Stock Gloom Needs More Than a Blockbuster Golden Week.
• France’s Rating Cut to AA- From AA by Fitch on Deficits, Debt.
• First Republic Plunges on Expectation of Seizure by FDIC.
• Fed Seeks Stronger Bank Rules While Detailing Oversight Lapses.
• Larry Summers Slams Delay in First Republic Resolution, Urges Fix Soon.
• US Bank Deposits Rise, While Pickup in Loans Shows Stable Credit.
• All-In Bets on Faang Stock Boom Pay Out in Week of Big Earnings.
• US Inflation Pressures Persist, Reinforcing Case for Fed Hike.
• Cargill’s Big Beef Bet Falters as Food Inflation Hits Demand.
• Pioneer’s Incoming CEO Sees Chance of Oil Hitting $100 This Year.
• Live Nation CEO Earns $139 Million in Year of Concert Outrage.
• Carvana’s Creditors Offer to Swap Debt for Equity, Defer Payment.
• Chipotle, Domino’s Diners Pull Back From Delivery to Save Money.
• Money-Market Funds Are Hot Again After Years of Fee Discounts. 
• Apple, Qualcomm, AMD Earnings to Put Tech Rebound In Focus.

Zero Hedge:  

• Trapped Americans In Sudan "Shocked & Disgusted" - Left By Biden To Fend For Themselves.
• First Republic Rout Extends On Imminent FDIC Receivership Report.
• Unease In Israel As US Depletes Reserve Stockpiles To Fuel Ukraine War.
• Biden Forgets He Went To Ireland, Tacitly Disowns Grandchild-Via-Stripper.
• Is China Winning, Part Two: "How Do You Stop A Superpower".
• Jenny Craig "Winding Down Physical Operations", Mulling Bankruptcy.
• Doug Casey On The US Government Declaring War On Mexican Drug Cartels.
• Quiet US Seizure Of Iranian Crude Prompted Iran's Capture Of Houston-Destined Tanker.
• US Sends "Shadowy Unit" Of Atomic Experts To Wire Ukraine With Nuke-Blast-Detecting Sensors.
• Nationwide Support For Assault Weapons Ban Slides, New Poll Finds.
  
• Russia Mounts First Large-Scale Air Raids On Ukraine In Nearly 2 Months.
• New 'Ultra Right' Beer Expected To See $1 Million In Sales As Backlash Against Bud Light Trans Partnership Continues.
• Large & Small US Banks See Deposit Outflows Continue, Small Bank Lending Growth Tumbled.
• New IRS Migration Data: NY, CA, & IL Are The Big Losers Of People And Wealth; FL & TX The Big Winners.
• Treasuries and Stocks end the month on a high as VIX hits new lows - Newsquawk US Market Wrap.
• Jim Jordan Slaps Biden Censorship Operatives With Subpoenas Following 'Twitter Files' Revelations.
• Eleven Minutes Of Media Falsehoods, Just On One Subject, Just On One Station.
• Bonds, Stocks, & Bitcoin Surge Amid Week Of Stagflationary & Systemic Threats.

Wall Street Journal:

• The Blue State Exodus Accelerates. New IRS data for 2021 shows voters fleeing Illinois, among others.
• Wage Gains Pick Up as Fed Considers Rate Decision.
• The ‘Hurtful’ Idea of Scientific Merit. Ideology now dominates research in the U.S. more pervasively than it did at the Soviet Union’s height.
• I Cloned Myself With AI. She Fooled My Bank and My Family.
• ChatGPT Will See You Now: Doctors Are Using AI to Answer Patient Questions.
• Russian Missile Barrage Kills at Least 25 in Ukraine.
• Michelle Obama Joins WSJ Festival.

CNBC:

• First Republic most likely headed for FDIC receivership, sources say; shares drop 40%.
• Fed report on SVB collapse faults bank’s managers — and central bank regulators   Carl Icahn calls Illumina Q1 results ‘very disappointing,’ slams cost-cutting plan.
• How A.I. could change the future of work.
• Tech giants are pouring money into A.I. as they cut costs elsewhere.

MarketWatch.com:  

• TJX Already Looked Like a Retail Winner. Bed Bath & Beyond’s Bankruptcy Strengthens the Case.
• Meme stock TOP Financial Group soars more than 890%, spurred on by the Reddit crowd.
• Cybersecurity stocks are getting battered. Here’s how the Silicon Valley Bank failure is to blame. 
• Opinion: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’
• S&P 500 should be sold above 4,200, says Bank of America.

NewsMax:

• Rep. Mace: Both Sides Brought Spending 'Debacle'.
• Megyn Kelly: Tucker Carlson Cut Drives Fox Viewers to Newsmax.

Fox News:

• People are choosing to identify as handicapped in troubling societal trend.

TheGatewayPundit.com:

• RFK Jr: “I Will Prosecute Any Official Who Engaged in Criminal Wrongdoing During the Pandemic… Not Retribution, but Justice!”
• ABC News Host Tells RFK Jr. He’s Too Critical of the CIA, Proceeds to Censor Him While Speaking About Vaccines.
• ‘Made Us Targets of Assassination’ – Justice Alito Says He Knows Who Leaked Dobbs Draft on Abortion Ruling.
• In Huge Victory For Republicans, North Carolina Supreme Court Rules in Favor of Voter ID.
• Randi Weingarten Destroyed In Face to Face Confrontation for Pushing School Lockdowns
• REPORT: Fox News Scheming to Silence Tucker Carlson and Sideline Him Through 2024 Election.
• NewsWeek Finally Acknowledges Border Crossing Sexual Violence in Kari Lake “Fact Check” About Sexually Abused Migrant 8-year old.
• California Regulators Vote to Ban New Diesel Truck Sales By 2036 and Mandate They All Be Zero Emission By 2042.
• Jim Jordan Subpoenas CDC Director Rochelle Walensky, Other Top Agencies for Documents Related to Social Media Censorship.
• Giant Transgender (Bio Male) Student at SoCal High School Assaults Girl After Exposing His Genitals in Girls’ Locker Room (VIDEO).
• Were They Told to Stand Down? The DOJ’s Arizona Election Fraud Investigators Go AWOL Following 2020 and 2022 Elections – Where Are They Today?
• 3 Days After Announcing His 2024 Candidacy, Biden Gets Rocked by the Worst Poll of His Presidency.
• US Lawmaker: 700,000 to 1 Million Illegals Gather at US Border with Mexico to Storm Country After Title 42 Ends (VIDEO).
• Friday Poll: Tucker Carlson Is More Popular than FOX News Channel.
• (VIDEO) “I Feel Like That Should Be Illegal” – Trans Woman Dylan Mulvaney Thinks People Should be Arrested for Referring to Him “Using ‘He’ Pronouns”.

The Epoch Times:  

• IN-DEPTH: As India’s Population Surpasses China’s, Experts Say Get Ready for a Power Shift

Twitter:

• @ClownsofCSPAN - DUBAI - RyanAir Airlines cabin fills up with smoke/mist - has people screaming & crying in mid-flight. (video)
• @Mayhem4Markets - Banks are tightening their lending standards significantly, which often leads to slowing economic growth, if not an outright recessionary environment. (graph)
• @zerohedge - The top 10 stocks are responsible for 86% of the overall S&500 index return. This is the most extreme concentration on record (SocGen). (graph)
• @TomFitton - George Soros' army of lieutenants get easy access to Biden White House. “It’s hard to tell where the Biden administration begins and the (Soros)Open Society Foundations ends,” said Tom Fitton.
• @SenMarcoRubio - It is essential that American businesses understand the Chinese Communist Party is not their ally and never will be. Xi only cares about what is good for the party. Companies need to decouple from Beijing’s genocidal regime once and for all.
• @stkirsch - This is awesome data right from Pfizer that confirms the Cleveland Clinic study.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 955,352 Reports(+1,937 from prior week) Through April 21st, 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.

Weekly Scoreboard*

S&P 500 4,158.42 +.8%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 34,018.76 +.78%

• NASDAQ 12,196.2 +1.07%

• Russell 2000 1,767.24 -1.09%

• NYSE FANG+ 6,100.16 +2.6% 
• Roundhill Meme Stock ETF 6.05 -5.4%
  

• Goldman 50 Most Shorted 137.73 -.31%

• Wilshire 5000 41,4511.0 +.53%

• Russell 1000 Growth 2,479.13 +.98%

• Russell 1000 Value 1,521.63 +.28%

• S&P 500 Consumer Staples 805.5 +1.1%

• MSCI Cyclicals-Defensives Spread 1,091.26 +1.17%
  

• NYSE Technology 3,082.61 +.33%

• Transports 14,021.2 -2.3%

• Utilities 959.55 -.95%

• Bloomberg European Bank/Financial Services 79.5 -2.5%
  

• MSCI Emerging Markets 39.17 +.29%

• HFRX Equity Hedge 1,460.59 -.19%

• HFRX Equity Market Neutral 923.36 +.06%

Sentiment/Internals

• NYSE Cumulative A/D Line 455,465 -.39%
• Nasdaq/NYSE Volume Ratio 8.8 -4.3%

• Bloomberg New Highs-Lows Index -181 -159
  

• Crude Oil Commercial Bullish % Net Position -28.1 -5.2%

• CFTC Oil Net Speculative Position 244,575 +3.8%

• CFTC Oil Total Open Interest 1,913,192 +2.0%

• Total Put/Call .95 +3.3%

• OEX Put/Call .94 -40.2%

• ISE Sentiment 103.0 -4.0 points
  

• NYSE Arms 1.05 +7.5%
  
• Bloomberg Global Risk-On/Risk-Off Index 55.5 -3.5%
• Bloomberg US Financial Conditions Index .05 -7.0 basis points
• Bloomberg European Financial Conditions Index -4.49 -21.0 basis points
  

• Volatility(VIX) 16.0 -4.1%
• DJIA Intraday % Swing 1.05% +110.0%

• CBOE S&P 500 Implied Correlation Index 33.2 +.6%

• G7 Currency Volatility (VXY) 8.64 -1.9%
  

• Emerging Markets Currency Volatility (EM-VXY) 9.85 -1.1%

• Smart Money Flow Index 13,144.83 -2.9%
• NAAIM Exposure Index  50.8 -27.5
  

• ICI Money Mkt Mutual Fund Assets $5.263 Trillion +1.0%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$1.983 Million

• AAII % Bulls 24.1 -11.4%

• AAII % Bears 38.5 +9.7%

Futures Spot Prices

• CRB Index 265.22 -2.1%

• Crude Oil 76.64/bbl. -2.1%

• Reformulated Gasoline 257.30 -1.7%

• Natural Gas 2.40 +7.3%
• Dutch TTF Nat Gas(European benchmark) 38.5 euros/megawatt-hour -5.7%
  

• Heating Oil 237.4 -5.0% 
• Newcastle Coal 185.9 (1,000/metric ton) unch.
  

• Gold 1,989.69 +.37%
• Silver 25.03 -.53%
  

• S&P GSCI Industrial Metals Index 434.39 -2.8%

• Copper 387.30 -3.0%

• US No. 1 Heavy Melt Scrap Steel 425.0 USD/Metric Tonne +.24%

• China Iron Ore Spot 104.6 USD/Metric Tonne +.5%

• Lumber  355.0 -9.2%

• UBS-Bloomberg Agriculture 1,568.95 -.32%
• US Gulf NOLA Potash Spot 390.0 USD/Short Ton +4.0%
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +1.66% n/a
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• Bloomberg US Recession Probability Next 12 Months 65.0% unch.
  

• NY Fed Real-Time Weekly Economic Index 1.13 +43.0%

• US Economic Policy Uncertainty Index 131.3 +12.7%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 226.73 +.80:  Growth Rate +1.9% +.3 percentage point, P/E 18.2 -.1 
  
• S&P 500 Current Year Estimated Profit Margin 12.29% +2.0 basis points
  

• Citi US Economic Surprise Index 22.0 -10.1 points

• Citi Eurozone Economic Surprise Index 15.2 -17.6 points

• Citi Emerging Markets Economic Surprise Index 35.6 +3.8 points

• Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 4.5-4.75%, 16.9%(+6.0 percentage points) chance of no change, 83.1%(-6.0 percentage points) chance of +25.0 basis point hike to 5.0-5.25% on 5/3
  

• US Dollar Index 101.60 -.15%

• MSCI Emerging Markets Currency Index 1,687.32 -.13%
  

• Bitcoin/USD 29,174.4 +6.3%

• Euro/Yen Carry Return Index 157.11 +1.95%
  

• Yield Curve(2s/10s) -60.75 -.25 basis point
  

• 10-Year US Treasury Yield 3.44% -12.0 basis points
  

• Federal Reserve's Balance Sheet $8.526 Trillion -.36% 
• Federal Reserve's Discount Window Usage $71.043 Billion +1.6%
  

• U.S. Sovereign Debt Credit Default Swap 70.3 +29.4%
  

• Illinois Municipal Debt Credit Default Swap 172.89 +.52%
  

• Italian/German 10Y Yld Spread 187.0 unch.
  
• UK Sovereign Debt Credit Default Swap 24.8 -10.5%
  

• China Sovereign Debt Credit Default Swap 72.62 +1.4%
  

• Brazil Sovereign Debt Credit Default Swap 222.59 -3.1%
  

• Israel Sovereign Debt Credit Default Swap 61.5 -.22%

• South Korea Sovereign Debt Credit Default Swap 44.3 -2.7%

• China Corp. High-Yield Bond USD ETF(KHYB) 26.7 -.32%

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.5% unch.
  
• Zillow US All Homes Rent Index YoY +6.0% unch.
  
• US Urban Consumers Food CPI YoY +8.5% unch.
  
• CPI Core Services Ex-Rents YoY 6.2% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.66% +8.0 basis points: CPI YoY +5.19% +2.0 basis points
  
• 10-Year TIPS Spread 2.22% -6.0 basis points

• TED Spread 22.5 +2.5 basis points
  
• 2-Year Swap Spread 29.25 +1.5 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -18.75 -.25 basis point

• N. America Investment Grade Credit Default Swap Index 75.71 -1.4%
  

• America Energy Sector High-Yield Credit Default Swap Index 248.0 +6.1% 
• Bloomberg TRACE # Distressed Bonds Traded 400.0 -23
  

• European Financial Sector Credit Default Swap Index 98.72 +2.4%
• Deutsche Bank Subordinated 5Y Credit Default Swap 366.05 +7.0%

• Emerging Markets Credit Default Swap Index 239.64 -1.06%
  

• MBS 5/10 Treasury Spread 167.0 +2.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 696.0 +6.0 basis points
• Avg. Auto ABS OAS .94 unch.
  

• M2 Money Supply YoY % Change -4.1% -170.0 basis points
  

• Commercial Paper Outstanding 1,148.2 -1.1%

• 4-Week Moving Average of Jobless Claims 236,000 -1.7%
  

• Continuing Claims Unemployment Rate 1.3% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 49.6 +7.1%
  

• Average 30-Year Fixed Home Mortgage Rate 6.90% +2.0 basis points
  

• Weekly Mortgage Applications 216,900 +3.7%

• Weekly Retail Sales +1.5% +20.0 basis points
  
• OpenTable US Seated Diners % Change YoY -3.0% +5.0 percentage points
  
• Box Office Weekly Gross $185.5M -26.6%
  

• Nationwide Gas $3.63/gallon -.00/gallon

• Baltic Dry Index 1,581 +5.1%

• China (Export) Containerized Freight Index 964.49 +3.2%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 37.5 -21.1%
• Truckstop.com Market Demand Index 43.7 +5.1%

• Rail Freight Carloads 239,873 +2.5%
• TSA Total Traveler Throughput 2,517,253 +22.4%
  

Best Performing Style

• Large-Cap Growth +1.0%
  

Worst Performing Style

• Small-Cap Growth -1.4%

Leading Sectors

• Restaurants +3.4%

• Software +2.6%
• Foods +2.5%
  

• Homebuilders +2.0%
  

• Construction +2.0%
  

Lagging Sectors

• Steel -2.2%
  

• Road & Rail -2.2%
  

• Shipping -2.7%

• Alt Energy -2.7%
  

• Cyber Security -4.7%
  

Weekly High-Volume Stock Gainers (27)

• COUR, SKYW, BZH, SAIA, TBBK, NYCB, AX, KN, ALSN,  SKT, MHK, CHTR, RMD, PMT, MGI, RCL, EMN, SKX, USB, AAL, MDLZ, HELE, BIIB, LTH, CL, INTC and CC
  

Weekly High-Volume Stock Losers (27)

• ZS, ELME, CLS, NVT, AMZN, SPWR, TUMUS, HRT, FHI, PFSI, IOT, CFLT, COLM, LAZ, KMPR, DOCN, SONY, HUBG, PBR, ASND, FSLR, RNA, ACCD, AYX, PINS, UVE and NET
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change