Evening Headlines
Bloomberg:
- China Junk Bonds in Worst Slide This Year on Restructuring Angst.
- Singapore Halts Policy Tightening After First-Quarter Slump.
- Taiwan's Semiconductor Success Is Fueling a Surge in Home Prices.
- Asia Equities Gain Following Advance in US Shares: Markets Wrap.
- US Urges Social Media to Not Share Leaked Docs in Damage Control.
- Leaked Secrets Spread Faster on Discord and Telegram.
- Former Chief of Texas Power Grid Calls State-Funded Plants ‘Dangerous’.
- Fed’s Emergency Loans to Banks Fall For Fourth Straight Week.
- The Rush Into Money Funds Is Slowing, But They’re Still Growing.
- WeightWatchers Enters Weight Loss Drug Market With Acquisition.
Wall Street Journal:
- On Inflation, the Price Is Still Wrong. The consumer-price index has fallen from its peak, but ‘core’ prices remain sticky.
- ‘Net Zero’ Will Mean a Mining Boom. But political instability will make it difficult to obtain all the minerals electric cars will need.
- Gold Prices Near Record.
- Why Is America Still Flying the A-10 Warthog, a Cold War Relic?
- The Primary Breadwinner Is Disappearing From More Homes.
- Fast EV Chargers to Nearly Double on U.S. Highways Under Expansion Plan.
- DACA ‘Dreamers’ Would Be Eligible for Government Healthcare Under New Rule.
CNBC.com:
MarketWatch:
Zero Hedge:
- Anheuser-Busch Loses $6BN In Six Days After Trans Ad Campaign That Top Execs Never Approved.
- Washington Braces For Diplomatic Fallout Amid Fears Of Further Intel Leaks.
- Watch: 21-Year-Old Suspect Jack Teixeira Arrested In Pentagon Leak.
- Biden Admin Proposes Reducing Water Supply From Colorado River Basin Amid Drought.
- Brace For A Brutal Drop In Retail Sales.
- Kunstler: How's That War Going?
- Rat Czar: NYC's "Director Of Rodent Migration" To Be Paid $155,000 Per Year.
- North American Rail Volume Continues Decline Through Week 14: AAR.
- North Korea Test Fires New 'Harder-To-Detect' ICBM.
- Global Disinformation Index Withholds Information On Its Own Operations.
- SFSU Athletic Director: "Common Mistake" To Think Men Have Physical Advantages Over Women.
- US stocks rallied through the session Thursday, while the Dollar dipped close to YTD lows - Newsquawk Asia-Pac Market Open.
- Inverse panic kicking in.
- Fed Balance Sheet Shrinks For 3rd Straight Week, Bank Bailout Facility Usage Eases.
- Hersh: CIA Knows Zelensky & Top Generals Are Skimming Hundreds Of Millions In US Aid.
- SPX highest close since Feb and Dollar just shy of YTD low ahead of earnings - Newsquawk US Market Wrap.
- "Corporate Misery Is Building" - BofA Warns "Expect Big Cuts" To 2023 S&P Earnings.
- PPI Plunge Prompts Panic-Bid In Big-Tech, Bullion, & Bitcoin.
Newsmax:
TheGatewayPundit.com:
- Boycotting Bud Light? Here Are All the Brands Owned by Beer’s Parent Company.
- JUST IN: Supreme Court Allows $6 Billion in Student Loan Debt Forgiveness.
- MAJOR NEWS: The Gateway Pundit Wins Historic First Amendment Lawsuit, Maricopa County Board of Supervisors Agrees to Settlement.
- Elon Musk Mocks Federal Reserve and Issues Warning on Biden Economy.
- Far-Left Protesters Flood Florida State Capitol, Throw Objects at Lawmakers as Legislature Votes to Ban Abortion After 6 Weeks (VIDEO).
- Maricopa County Releases Results of Independent 2022 Ballot Printer Investigation Following Election Day Disaster.
- Government Documents on Seized Assets of Anti-CCP Dissident Guo Wengui/Miles Guo Implodes Their Own Case Against Him.
- REVEALED: Billionaire LinkedIn Founder and Democrat Megadonor Secretly Funding E. Jean Carroll’s Rape Lawsuit Against Trump.
- PICTURED: Here is the Tech Exec Who Allegedly Killed Cash App Founder Bob Lee.
- Biden Increases US Deficit by $1 Trillion in First Six Months of Fiscal Year 2023.
- President Trump Announces Plan When Back in White House to Fire Radical Leftist Prosecutors Destroying America.
- Seymour Hersh Reports that Ukrainian Leader Zelensky Embezzled $400 Million from US Payments Allocated for Fuel.
- CHINA
COUGHS UP THE DOCUMENTS: Releases Proof of MILLIONS OF DOLLARS of
Payments from China Firm to Hunter Biden – And They’re Just Getting
Started!
Twitter:
- @VigilantFox - @TuckerCarlson: Nobody Seems to Want to Ask What Drugs the Louisville Shooter Was Taking "That's not a crazy question. What's crazy is ignoring the topic completely because you're taking huge money from big pharma, which peddles these drugs. That's what our media and political classes are doing right now. And it's shameful!" (video)
- @rawsalerts - Up to 10 explosive devices have been found in a car outside repair shop.
- @elonmusk - Publicly funded PBS joins publicly funded NPR in leaving Twitter in a huff after being labeled “Publicly Funded”.
- @songpinganq - 30 million Chinese people got sent off to quarantine camps. If these people have guns, the govt would think twice before they did this. (video)
- @BorderReportcom - Dozens of migrants have entered the U.S. illegally and are amassing along the border wall in San Diego, but border agents say they don't have room at their stations to take them in.
- @betterworld_24 - The WEF's Yuval Noah Harari says the quiet part out loud. (video)
- @_Tweetiez - "UK's largest teacher's union demands schools support drag queen story time, set up LGBT spaces".
- @DefiyantlyFree - Government has been very, very good to Mitch McConnell.
- @Barchart - CNN Stock Market Fear & Greed Index = 65 (Greed).
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 949,138 Reports(+1,651 from prior week) Through March 31st, 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 mostly higher, boosted by technology and industrial 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.
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 124.0 -2.25 basis points.
- China Sovereign CDS 67.75 -2.0 basis points.
- China Iron Ore Spot 116.8 USD/Metric Tonne +.3%.
- Bloomberg Emerging Markets Currency Index 48.0 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 56.0 +2.2%.
- Bloomberg US Financial Conditions Index -.03 -5.0 basis points.
- Volatility Index(VIX) futures 20.5 +.07%.
- Euro Stoxx 50 futures +.35%.
- S&P 500 futures +.04%.
- NASDAQ 100 futures -.01%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial 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.
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