Evening Headlines
Bloomberg:
- US-Saudi Oil Pact Breaking Down as Russia Grabs Upper Hand.
- Milk May Become a Hurdle in Modi’s Inflation Fight in India.
- Asia Stocks Decline as US CPI Boosts Fed Rate Bets: Markets Wrap.
- Oil Rises to 2023 High on Mounting Signs of Tighter Supplies.
- US Core Inflation Slows Only a Bit, Keeping Fed on Track to Hike.
- Fed Leans Toward Another Hike, Defying Staff’s Recession Outlook.
- Bank Failures Force Fed Officials to Temper Rate Hike Expectations.
- Dish Drops to 24-Year Low on Concerns About Subscriber Losses.
- Bloomberg Retracts Story on Trading of Bond Futures Before CPI.
- IBM Considering Sale of Unit that Owns Weather Channel, Weather Underground.
Wall Street Journal:
- The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity.
- U.S. Seeks to Boost EVs With Toughest Rules on Emissions.
- Biden’s EPA Remakes the Auto Industry. His new car rules are a de facto order to make and buy EVs.
- EPA Standards Miss Many Chemicals in Drinking Water.
- What to Know About ‘Forever Chemicals,’ or PFAS, and Your Health.
CNBC.com:
MarketWatch:- ‘I’ve seen people do stupid things all my life’: Warren Buffett doubles down on his long held views on bitcoin and crypto.
- National CineMedia goes bankrupt and the stock more than doubles on massive volume.
- Alibaba shares fall as SoftBank reportedly sells most of its stake.
- Food inflation slowed in March, but some items are still up by 36%.
Zero Hedge:
- Who Is Running Stanford?
- "Burned Alive:" Explosion Kills 18,000 Cows In Texas
- Trump Vows To 'Never Drop Out' Of 2024 Race, Even If Convicted
- San Francisco City Hall Meeting On Crime Canceled After Vandalism Knocks Out Internet.
- Ken Griffin Donates $300 Million To Harvard.
- Illinois Trucking Company's Sudden Shutdown Leaves Team Drivers Stranded, Unpaid.
- FTX Has Recovered $7.3 Billion In Assets, Will Consider Rebooting Exchange.
- Independent Investigation Finds "No Human Error" In Maricopa County Poll Day Printer Debacle.
- FOMC Minutes Show Staff Expect 'Mild Recession', All Members Backed Continued QT, 25bps Hike.
- Hunter Biden Business Partners, Associates Visited Obama White House Over 80 Times.
- US stocks were ultimately lower Wednesday, fading the post-CPI rally, with tech leading the weakness - Newsquawk Asia-Pac Market Open.
- Bar Owners Say Customers Have Stopped Ordering Bud Light After Transgender Ad Campaign.
- Kirby Addresses Pentagon Leak Showing US Special Forces On Ground In Ukraine.
- Stocks and bonds unwind CPI rally but Dollar fails to recover - Newsquawk US Market Wrap.
- There's No Such Thing As "Excess Profits"; Only Excess Government.
- Hawkish FedSpeak & Recession Fears Spoil The 'Cool' CPI Party.
Newsmax:
TheGatewayPundit.com:
- JUST IN: Former NHL Player Dead of a Heart Attack at Age 38.
- Sen. Marco Rubio Demands Probe on ActBlue Following Reports of Hundreds of Thousands of Likely Illegal Donations to Democrats – Totally Ignored by Republican Party.
- Biden EPA Administrator Announces New Tailpipe Emission Standards – Will Force Green New Deal Mandates on Cars, Delivery Trucks, Buses, Transit and More! (VIDEO).
- Arkansas Gov. Sarah Sanders Signs Bill Banning Parole for Rapists, Murderers, And Human Traffickers.
- HERE WE GO AGAIN! Stunning VIDEOS Show Akron, OH Businesses Boarding Up Windows In Anticipation of BLM/Antifa Terrorists Destroying Their City Over Upcoming Ruling on Jayland Walker Case.
- “F**k Catholics” – Biden Regime Offers Sweetheart Deal to Trans Terrorist Who Vandalized Catholic Church and Assaulted Church Worker.
- Anheuser-Busch Suffers Astounding $5 Billion Loss, While Bud Light’s New Brand Ambassador, Dylan Mulvaney Whines and Blames Consumers: “They don’t understand me” [VIDEO].
- Several Top Big Tech Firms Lay Off Thousands While Hiring Thousands of Foreigners.
- Trudeau Foundation CEO and Board Resign Over Beijing-Linked Donation – Prime Minister Justin Trudeau Denies Any Involvement – Canada Struggles Against Chinese Election Meddling.
- Mass Casualty Incident Declared After Explosion at Dairy Farm in Dimmitt, Texas – Nearly 20,000 Cattle Die (VIDEO).
Twitter:
- @kksheld - James O'Keefe's investigation reveals numerous suspicious donations to the Democrats - American Thinker.
- @zerohedge - Inflation adjusted wages are down for a record 24th consecutive month. That's 92% of Biden's entire presidency. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 947,487 Reports(+1,667 from prior week) Through March 24th, 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 lower, weighed down by technology and financial 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 -.5% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 126.25 -2.0 basis points.
- China Sovereign CDS 69.75 -1.0 basis point.
- China Iron Ore Spot 117.8 USD/Metric Tonne -.4%.
- Bloomberg Emerging Markets Currency Index 47.8 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 54.4 +.5%.
- Bloomberg US Financial Conditions Index -.11 -3.0 basis points.
- Volatility Index(VIX) futures 21.1 -.01%.
- Euro Stoxx 50 futures +.05%.
- S&P 500 futures -.10%.
- NASDAQ 100 futures -.02%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and financial 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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