Evening Headlines
Bloomberg:
- Israel’s Step-by-Step Gaza Offensive Risks Longer Deadly War.
- Israel Latest: Blinken Making Another Visit to the Middle East.
- China Vows Enduring Local Debt Cleanup at Key Policy Meeting.
- China Stocks See Record Monthly Streak of Foreign Fund Exodus.
- Japan Ramps Up Yen Intervention Warning After BOJ-Fueled Selloff.
- Yen Rises on FX Warning; Asia Stocks to Open Mixed: Markets Wrap.
- Powell Signals Fed to Stay on Hold and Keep Future Hike on Table.
- Fed’s ‘Hawkish Pause’ to Keep Option to Hike.
- What Fed Officials Are Saying About Rising Bond Yields.
- SBF’s Evasiveness Undermines His Case on Cusp of Final Arguments.
- Druckenmiller Says He Has ‘Massive’ Bullish Bets on 2-Year Notes.
- Zillow Plunges After Jury Finds Realtors Colluded to Maintain High Commissions.
- These Are the Charts That Scare Wall Street This Halloween.
- US Consumer Confidence Drops to a Five-Month Low on Inflation.
Zero Hedge:
- "The Bellwether Has Sounded": Musk Says "Great Wakening From Woke Has Happened" After Southpark Nails Coffin.
- "Pharmageddon" Strikes US Drugstores As 5,000 Workers Walk Off Job.
- Time Magazine's Stunning Reversal: Zelensky 'Deludes' Himself Into Thinking Ukraine Can Win.
- RFK Jr. Renews Plea For Secret Service Protection After Second Stalker Arrest.
- "I Pray To God This Isn't World War III".
- US Crude Production Breaks Records As Shale Drives All Growth In Global Oil Supply Over Past Decade.
- CA Funding LGBTQ+ Group Fighting Parental Notification.
- Real Estate Brokerages Zillow, RedFin Tumble After Jury Finds Realtors Conspired To Keep Commissions High.
- TME Daily: In what macro backdrop will stocks work?
- Bachelors Of Advocacy: The Rise Of Activism Over Academics In US Higher Education.
- Reports Say China Scrubbed Israel From Online Maps.
- US stocks gained and yields climbed into month-end and on the eve of the FOMC - Newsquawk Asia-Pac Market Open.
- Sen. Josh Hawley To Introduce Bill Reversing Citizens United.
- Joe Rogan Shoots Arrow At Cybertruck's Stainless Steel Exoskeleton.
- GOP Governors Lean On NCAA To Keep 'Biological Men' Out Of Women’s Sports.
- WTI Holds Near 2-Month Lows AfterAPI Reports Small Crude Build, Product Draw.
- Stocks, yields, and Dollar firm into month-end and FOMC - Newsquawk US Market Wrap.
- Rockwell: Keep Us Out Of War!
- Industrial CMBS Delinquency Soars As 'Deep Freeze' Hits CRE Market.
- Watch: Reporter Exposes White House Double Standards On "Extremists".
- Stocks Spooked For 3rd Straight Month As WW3 Fears Spark Surge In USD, Gold, & Crypto (Not Oil).
Wall Street Journal:
- Hamas Commander Killed in Airstrike, Israel Says.
- Jury Finds Realtors Conspired to Keep Commissions High.
- This Year’s Hottest Investment Could End Up Costing You.
- Prepare for an Iranian Escalation. Tehran can’t sit back and watch Israel crush Hamas. Absent serious deterrence, it will open a second front.
- Middle East War Becomes a European Crisis. The failure to assimilate immigrants and control borders brings violence and chaos to the streets.
- WeWork Plans to File for Bankruptcy.
- What Makes This Market Correction So Confusing.
- The Money Has Stopped Flowing in Commercial Real Estate.
CNBC.com:
MarketWatch.com:
- U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers.
- Yum China stock drops 9% after KFC operator sees ‘softening’ demand.
- AI could spark the next financial crisis, SEC Chair Gary Gensler says.
- AMD’s revenue outlook comes in light, but company gives a rosy AI forecast.
- Paycom’s stock plunges 30% as payroll company whiffs on earnings outlook.
- Big 5 Sporting Goods stock slides after forecast for a Q4 loss, same-store sales decline.
- A Missouri jury goes after the real-estate industry’s commission structure. Here’s what that could mean for homeowners.
- Opinion: The Fed must push the economy into recession or inflation won’t get back to 2%.
Newsmax:
Fox News:
TheGatewayPundit.com:
- World War III Watch: Yemen Officially Declares War on Israel, Launches Large-Scale Ballistic and Drone Strikes.
- Iran to Head UN Human Rights Forum Weeks After Their Proxy Group Slaughters 1,400 Jews and Where Women are Beaten Bloody for Not Wearing Hijab.
- SHOCK VIDEO: Professional Hockey Player SLASHES His Opponent’s Neck with His Skate, Killing Him – Footage Calls Corporate Media’s “Freak Accident” Narrative into Question as Police Investigate Incident.
- “The White House Admitted Hamas Is Holding Nearly 500 Americans Hostage in Gaza”: Sen. Marsha Blackburn Calls Out Biden and Jake Sullivan.
- Sen. Josh Hawley Lashes Out at Alejandro Mayorkas During Heated Exchange in Senate Hearing Over DHS Employee’s Controversial Post on Jewish Genocide (VIDEO).
- Human Rights Leaders Hit Newsom Over China Trip.
- ‘Person of Interest’ in Custody in Cornell University Death Threats Against Jewish Students: Gov. Hochul.
- FBI Director Chris Wray Issues Warning that Hamas and Terrorist Organizations May “Conduct Attacks Here on Our Own Soil” – Something He Missed while Targeting Trump Supporters.
- Racist Jail Guards Spin Illegal Covid Torture In DC Gulag: ‘You Tested Positive…You’re Not Going To Court,’ ‘Only J6ers Are Forced To Wear Masks’.
- Half a Million Illegals Expected Each Month – Another 6 Million Invaders by Election Day – Steve Bannon Responds in Epic Rant.
- Netanyahu Sets Record Straight – Accuses Top Generals of Not Warning Him about Hamas Invasion and Planned Attack.
- Wisconsin Is Working to Fix the 2020 Election Fraud to Avoid a Repeat in 2024.
- WHAT ARE THEY HIDING? FDA WARNING: 26 Eye Drop Products at Multiple Major Retailers Including Target Could Cause BLINDNESS – Were Manufactured in Unknown “Insanitary” Facility.
The Epoch Times:
- 1st US AI Executive Order Not Enough to Compete With China: Industry Leaders, Lawmakers.
- Regulator to Probe Chinese Firm's Covert Attempt to Control Rare Earth Miner.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 987,217 Reports(+1,799 from prior week) Through September 22nd, 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 modestly 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 25% net long heading into the day.
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 137.5 -1.0 basis point.
- China Sovereign CDS 80.75 -1.25 basis points.
- China Iron Ore Spot 122.2 USD/Metric Tonne +.53%.
- Bloomberg Emerging Markets Currency Index 41.27 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 65.2 +%.
- Bloomberg US Financial Conditions Index -.11 -1.0 basis point.
- Volatility Index(VIX) futures 18.7 +.64%.
- Euro Stoxx 50 futures +.22%.
- S&P 500 futures -.30%.
- NASDAQ 100 futures -.31%.
BOTTOM LINE: Asian indices are modestly 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 25% net long heading into the day.
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