Monday Watch

Today's Headlines

Bloomberg:

• Risk of Israel-Hamas War Spillover Remains Elevated, US Says. 
• Israel-Hamas War Escalation Puts Qatar’s Clout to the Test.
• Israel Deepens a War With Hamas That Has No End in Sight. 
• How This Israel-Hamas Conflict Is Like Nothing That’s Happened Before. 
• China’s Government Debt Supply Surges in October to 2023 High.
• Germany Eyes Imports of Nigerian Natural Gas in Scholz Visit.
• House Prices Are Falling in Most Parts of the UK, Zoopla Says.
• Oil, Bonds Fall as Investors Temper Mideast Bets: Markets Wrap.
• Oil and Gas Markets Eye Escalation Risk as Gaza War Deepens.
• The Big Bond Market Event Wednesday Is at Treasury, Not the Fed. 
• Fed to Weigh How Much Fuel Consumers Have Left After Rate Hikes.
• Stock Traders Face Pivotal Week as Apple Steals Fed Spotlight. 
• 11 Hours With Sam Bankman-Fried: Inside the Bahamian Penthouse After FTX’s Fall.
• Hedge Funds Pile Into Uranium Stocks Poised for ‘Dramatic’ Gains.
• Johnson Says He Expects House to Pass Israel Aid Bill This Week. 
• Soaring Neutral Rate to Hurt Treasuries, Nasdaq, Survey Shows.

Zero Hedge:

• March 9, 2022... Will Live In Infamy
• David Hogg Now Blames "White Woman In Suburbs" For Gun Violence
• Breakthrough Study 'Infects' Animals With Human Alzheimer’s Through Microbiome.
• Gold's About To Have Its Day: Jim Grant Warns No One's Prepared For "Higher Yields For Much, Much, Much Longer".
• The Influence Of Influencers Is Rising... Except In China.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Jack Smith's War On Free Speech: AG Garland Should Rein In His Special Counsel.
• Attacks On US Bases In Syria Continue Unhindered After Pentagon's Friday Airstrikes.
• Cocky Runner Sprints From 172nd To 5th Place After Competing As A Girl.
• Wider War Will Bring Inevitable Attempts At Martial Law In America.
• Watch: Muslim Rioters Storm Airport, Surround Rumored Flight From Israel, In Southern Russia.
• The Specter Of Hyperinflation Looms Over The Economy.
• Mike Wilson: Forget About The Year-End Rally.
• Kendi's Critical Race Theory Is A Failed Marxist Doctrine.
• TME Weekend: Will Powell prevent a “scarytale” ending?
• Visualizing The Key Investment Theme Of Each Decade (1950-Today).
• DOJ Corroborated Information From FBI Source Who Provided Biden Bribery Allegations: Official.
• We Didn't Start The Fire.
• Silence Around Surgical Errors Is Jeopardizing Patients, Experts Say. 
• The Political Risks Of Mandating EVs For Everyone.
• How Migration Flows To Europe And North America Changed.
• Hamas’s October 7 Attack: Discourse In The Age Of Artificial Intelligence.
• White House Freezes Gun Exports In New Attack On US Gun Manufacturers.
• COVID-19 mRNA Vaccines Reduce A Major Beneficial Bacteria, Gut Biodiversity: Research.
• Advice For Men From TV's 'Hercules': Bring Back Masculinity.
• Warnings About Alarming Pre-Oct 7 Hamas Activity Ignored, Say Israeli Surveillance Soldiers.
• Senator Demands Answers From FDA On Safety Signal For COVID Vaccines And Children.

Wall Street Journal:

• Saving More in 401(k) Can Boost Your College Financial Aid.
• The Hunt for Crypto’s Most Famous Fugitive. ‘Everyone Is Looking for Me.’
• Israeli Ground Operation Pushes Deeper Into Gaza.
• Antisemitic Comments Increase Across Chinese Social Media.
• Iran’s Fellow Traveler in Mexico City. President López Obrador seems to be playing footsie with Iranian allies.
• Americans Can’t Stop Spending. Five Reasons Why.
• ‘Buy the Dip’ Investing Mantra Lives On in Bond Market.
• Hedge Fund Two Sigma Is Hit by Trading Scandal.
• Alaska Fishermen Struggle as Rules to Save King Salmon Limit Their Catch.
• Insurers Spar With Administration Over Coverage for Mental-Health Care.
• Thanks to Big Data, Landlords Can Squeeze the Most Out of Renters.

CNBC:

• UAW in tentative deal to end labor strike with Stellantis but expands its strike at General Motors.
• Panera now displaying warning about its caffeinated lemonade in all stores after lawsuit over customer’s death.

MarketWatch.com:

• How to ride out the ‘fear cycle’ in a spooky week ahead after U.S. stocks slip into correction.
• Big Tech earnings have been strong, but Apple is about to answer the thousand-dollar question.
• Opinion: Robo-taxis remain a pipe dream and greedy companies have only themselves to blame.
• A major source of liquidity for buying U.S. government debt is draining. Here’s why that’s bad news for the Fed and the market.
• Here’s how a government shutdown in November would likely impact stocks.

NewsMax:

• IDF Strikes Lebanon as Rockets Pummel Central Israel.
• Israeli Tanks Deep Into Gaza as Jets Hit Hundreds of Targets.
• Sullivan: US Asking Israel 'Hard Questions' on Gaza Operation.
• DeSantis: Biden 'Letting Iran Take Potshots' at US Troops.
• Rep. Hageman: Biden's Actions Helping Fund Iran.  
• DeSantis: There's 'Sickness on These College Campuses'.
• Speaker Johnson: Standalone Bill For Israel Likely This Week.

 Fox News:

• 'Squad' member issues stark warning to Biden regarding stance on Israel war.
• Treasury just dropped a financial bomb, but Bidenomics means the worst is yet to come.
• Experts reveal the worst beverages for your health — and they're not all alcoholic.

TheGatewayPundit.com:

• Strategist James Carville Claims Top Democrats Are Telling Him to Shut Up About Biden’s Dismal Polling Numbers.
• “I’m Ashamed of the UN – Let’s Get Out” – Czech Defense Minister Jana Černochová Calls on Czech Republic to Exit UN After Rogue Regimes Cheer Hamas Following Slaughter of 1,400 Jewish Civilians
• Newsom Plows Over Small Child Then Spanks Him During Basketball Game in China (VIDEO)
• TERRIFYING VIDEOS: Muslim Lynch Mob Searches for Jews at Russian Airport in Dagestan; Storms Concourse and Tarmac, Tries to Search Planes After Rumor of Flight From Israel.
• Gun Sales Spike 200% in Maine After Tragic Mass Shooting.
• THOUSANDS of Palestinians Loot UN Warehouses in Gaza – UN Official Warns of “Civil Order Starting to Break Down” (VIDEO).
• At Least 18 Injured and 2 Dead in Shooting Incident During Halloween Celebration in Tampa, Florida.
• Michelle Obama Looks Disheveled in ‘Get Out the Vote’ Pitch Amid Rumors of Possible Presidential Bid.
• Canada’s Trudeau the Latest Leader to Backtrack and Delay on Climate Alarmist Policies – Rolls Back Home Heating Oil Carbon Tax for 3 Years.
• ‘It’s Not a Yes or No Question” – Crazed UMass Professor Rachel Weber Refuses to Say Hamas Slaughter of 1,400 Civilian Jews was a Terrorist Act (VIDEO).
• ‘Overcharged’: Major Study Reveals Alarming True Cost of Owning an EV, ‘Fueling’ Equal to $17.33 Per Gallon.
• Muslims Wave ISIS and Taliban Flags at Anti-Israel Protest in Hamburg, Germany.
• Engineering the Sky – The Great Climate Change Lie.
• AbleChild Founder Sheila Matthews on War Room: Psychology Industrial Complex Behind School Shootings (VIDEO).
• Mathew Perry’s Post Promoting “Could I Be Any More Vaccinated” Shirt Resurfaces After Star’s Death.
• New FDA Findings Reveal COVID-19 Shots Pose Stroke Risk in Older Adults When Combined with Certain Flu Shots – Just as the Biden Admin Was Promoting. 
• Sam Bankman-Fried Finally Deposes in His Defense, Gets Scolded by the Judge – Will Face Brutal Cross-Examination and Mysterious Rebuttal Witness.
• RED PILLED: Left Wing ‘Young Turks’ Co-Host Blasts Destructive Progressive Policies in California: ‘No One is Safe, Everyone’s Angry’ (VIDEO).

The Epoch Times:

• Chinese Ex-Premier's Sudden Deaths Adds to Leadership Turbulence: Analysts.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+1,488 from prior week) Through September 29th, 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

• Asian indices are -1.0% to unch. on average.
• Asia Ex-Japan Investment Grade CDS Index 138.75 unch.
  
• China Sovereign CDS 84.0 -.25 basis point.
• China Iron Ore Spot 119.7 USD/Metric Tonne +.03%.
  
• Bloomberg Emerging Markets Currency Index 41.25 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 62.6 +1.2%.
• Bloomberg US Financial Conditions Index -.30 -1.0 basis point. 
  
• Volatility Index(VIX) futures 20.9 -1.6%. 
• Euro Stoxx 50 futures -.22%.
• S&P 500 futures +.34%.
• NASDAQ 100 futures +.49%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by commodity and technology 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 week.