Evening Headlines
Bloomberg:
- US Gets New Levers From Japan to Curb China’s Chip Ambitions.
- Australia’s Rental Market Tightens Further Amid Housing Crunch.
- UK Business Confidence Rises, But Cost Of Living Weighs on Sales.
- Asian Equities Decline After US Rally Hits Wall: Markets Wrap.
- Oil Extends Rally as Investors Shift Focus to Lower Inventories.
- TD Becomes Biggest Bank Short With $3.7 Billion on the Line.
- UBS Chairman’s Top-Secret Prep Paid Off in Credit Suisse Moment.
- Trump Indictment Is a Risky Bet for New York and the Nation.
- Fed’s Mester Says Rates Should Rise Above 5%, Stay for Some Time.
- GM Cuts 5,000 Salaried Jobs Through Voluntary Buyouts.
- Traders Rush to Cover Options Exposure During Peak Fed Uncertainty.
- Pimco Says It Favors ‘Strong Bonds’ Amid Rising Recession Risks.
- Fear of Stock Losses Has Retirement Savers Sticking With Cash.
- Five Things You Need to Know to Start Your Day.
Wall Street Journal:
- Case Against Trump Leaves Defense Ample Openings.
- Biden’s Hot Air About Spy Balloons. It turns out the blimp was transmitting information to Beijing in real time.
- Signature Bank Insiders Sold $100 Million in Stock as Crypto Surged.
- AI Shakes Up Hollywood.
- The New Rules of Layoffs.
- Apartment-Building Sales Drop the Most in 14 Years.
- Is Your Job Exposed to ChatGPT?
- Taliban Bans Women From Working at U.N., Putting Afghan Aid at Risk.
CNBC.com:
MarketWatch:- ‘We are going to see parts of the economy break’: Recession fears move back to the forefront of markets.
- Johnson & Johnson sets aside $8.9 billion to settle talc claims; stock up 3%.
- Walmart sees automation in two-thirds of its stores by fiscal 2026.
- C3.ai’s stock dives 26% on short seller’s accounting allegations.
- Investors are mad as hell at advisers, and it’s not just market performance that’s to blame.
- Economy may be ‘moving from a virtuous cycle to a vicious cycle,’ Jamie Dimon says.
- Nasdaq and Dow have split in a way that isn’t healthy for stocks.
- Office buildings built before the 1980s most likely to become ‘obsolete’: Moody’s.
Zero Hedge:
- Watch Live: Trump Holds Presser Hours After Historic Arraignment.
- US Economy Grinds To A Halt As Loan Demand, Sales Crater In Aftermath Of Bank Crisis.
- Trump Pleads Not Guilty To 34 Counts Of Falsifying Business Records In Hush Money Case.
- Another $2.6 Billion In Defense Aid To Ukraine.
- Millennial CEO Accused Of Tricking JPMorgan Into $175 Million Purchase Charged With Fraud.
- Dem Reps Who Egged On Rioters At Tennessee Capitol Are Stripped Of Committee Assignments; Face Expulsion.
- Man Charged Over Numerous 'Swatting' Calls Accused Of Blackmailing Victims, Demanding Underage Nude Pics.
- 'If We Go Ahead On This, Everyone Will Die' Warns AI Expert Calling For Absolute Shutdown.
- US stocks declined as weak JOLTS data stoked growth concerns - Newsquawk Asia-Pac Market Open.
- Here's How We'll Have Labor Shortages And High Unemployment At The Same Time.
- Russia Blames Ukrainian Intelligence For Bombing That Killed Russian Journalist.
- WTI Extends Gains After API Reports Large Draws Across The Board.
- Lower for longer?
- Manhattan Real Estate Sales Tumble 38%, While Cash Deals Hit Record.
- A "New Phase" Never Seen Before: Victor Davis Hanson On What Trump Indictment Means For America.
- Tumble in US job openings hits cyclical assets - Newsquawk US Market Wrap.
- 'Bad News' Is No Longer 'Good News' As Jacked-Up Jobs Data & Jamie Dimon Jolt Markets.
Newsmax:
TheGatewayPundit.com:
- Biden Says the Quiet Part Out Loud – All But Admits to Coordinating to “Stop Trump from Taking Power Again”.
- Joe Biden Laughs When Asked if Indictment of Trump is “Politically Divisive” (VIDEO).
- “Fascist, Obliging Xenophobic Nazis!” – Fox News Surrounded by Rabid Left-Wing Protestors in NYC (VIDEO).
- Trump Celebrates After 9th Circuit Court Awards Him $122,000 From Stormy “Horseface” Daniels.
- “THE RADICAL LEFT DEMOCRATS HAVE CRIMINALIZED THE JUSTICE SYSTEM. THIS IS NOT WHAT AMERICA WAS SUPPOSED TO BE!” – President Trump on Truth Social.
- Why Central Banks Are Buying All the Gold They Can.
- Ronna McDaniel Releases WEAK Statement as Trump Placed UNDER ARREST Ahead of Arraignment.
- VIDEO: Marjorie Taylor Greene Joins Trump Supporters Outside Manhattan Courthouse – Democrat Brownshirts Scream “F*ck You! – Piece of Sh*t!” Blow Whistles to Drown Her Out.
- EXCLUSIVE: CEOs of Multi-Billion Dollar Organizations Do Not Make Accounting Entries – THIS WHOLE CASE IS BASED ON FALLACY THAT PRESIDENT TRUMP IS AN ACCOUNTANT.
The Epoch Times:
Twitter:
- @toobaffled - Child and teen mortality in the U.S. experiences largest increase in decades.
- @VigilantFox - Maternal Mortality Reaches All-Time. High In 2021, there was a 40% increase in the number of women who died during pregnancy or within 42 days of giving birth. Considering that "saving lives" was a priority for three years, why is no one addressing this?
- @againstgrmrs - Children that cannot even chose their bedtime are being told they can choose their own gender. It is absolutely insane we are even having this debate.
- @FoxNews - Bud Light says pact with trans activist Dylan Mulvaney helps ‘authentically connect with audiences’.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 945,820 Reports(+1,909 from prior week) Through March 17th, 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 financial 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 25% net long heading into the day.
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 130.0 +2.25 basis points.
- China Sovereign CDS 74.25 +2.75 basis points.
- China Iron Ore Spot 118.2 USD/Metric Tonne -.4%.
- Bloomberg Emerging Markets Currency Index 47.9 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 54.6 +1.6%.
- Bloomberg US Financial Conditions Index -.50 -6.0 basis points.
- Volatility Index(VIX) futures 22.0 unch.
- Euro Stoxx 50 futures -.09%.
- S&P 500 futures +.10%.
- NASDAQ 100 futures +.11%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial 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 25% net long heading into the day.
No comments:
Post a Comment