Monday Watch

Today's Headlines

Bloomberg:

• Gloom Over China Assets Is Spreading Beyond Battered Stocks.
• ICICI Bank’s Margin Compress Signaling Likely Slowdown in Sector. 
• Israel’s Netanyahu Rejects Hamas’s Terms for Hostage Release.
• US Says Two Missing US Navy SEALs Presumed Dead.
• Europe Moves Into a New World After a Crippling Energy Crisis. 
• Asian Stocks Advance After S&P 500 Rises to Record: Markets Wrap.
• Big Tech Earnings and the NH Primary: Your Sunday Briefing.
• Trump Widens Lead Over Haley in CNN’s Latest New Hampshire Poll.
• Big Tech Still Rules Profit Growth Even as S&P Leadership Widens. 
• Hedge Funds Cap Bumper Year for Profits With TCI, Citadel Leading Pack.
• Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk.
• Wall Street Week: Optimism, Pessimism and Just Don't Know. 
• ADM Places CFO on Leave, Cuts Earnings Forecast Amid Probe.
• Macy’s Rejects $5.8 Billion Takeover Offer From Investors.
• Wall Street’s ‘Foolish’ 2024 Trade Is Betting on Early Fed Rate Cuts.

Zero Hedge:

• DeSantis Expected To Drop Out Of Race, Back Trump. 
• 'Not Tough, Smart, Or Respected Enough To Be My VP' - Trump Taunts Haley, Dominates New Hampshire Polls Despite MSM Onslaught. 
• RFK Seeks Path To Victory By Forcing House To Elect President. 
• "You Need An F-16, Not An AR-15" - Biden Once Again Suggests US Govt Could Murder Gun-Owners.
• Russia Suspends LNG Exports At Huge Baltic Sea Terminal After Ukraine Drone Attack.
• Pennsylvania Gun Restrictions For Adults Under 21 Struck Down By Federal Court.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Lean Into Consumer Stocks? Goldman Sees Dip-Buyers, But...
• TME Weekend: Beat rates 2nd worst in 7 years.
• Wobble... Then Soar?
• Zelensky Lashes Out At Trump Over 'Very Dangerous' Plan To End War.
• WSJ Editor-in-Chief Admits To Davos Elites 'We No Longer Own The News'.
• The Many Faces Of Kevin Morris - Hunter Biden's Financial Patron.
• Where WEF 'Experts' See False Information Posing The Biggest Threat.
• Mike Wilson: Nobody Knows Anything.
• Get Woke, Go Broke: Mass Layoffs At Sports Illustrated After Publisher Loses License.
• "F**k These Cops, It's A Lesson To Him": NYC Woman Makes Self-Incriminating Statements After Car-Ramming Attack Caught On Video.
• Davos, Trust, & The End Of "Comfortable Wolves".
• Watch: Joy Reid Argues That Books With Rape And Pedophilia Should Be In Schools.
• E-Bikes Caused Record Fires, Injuries, & Deaths Last Year In NYC.
• How The Government Constructs Positive Economic Data.
• "Taxpayer Disclosure & Protection Act" Unveiled In Maryland To Rein In Unaccountable Tax Hikes By Democrats.
• Cancer Cases Expected To Hit Record High In 2024, Experts Explain Potential Causes.
• Americans Are Fighting For Control Of Federal Powers That Shouldn’t Exist.
• Johns Hopkins Says Gun-Control Will Prevent Second Civil War.
• India Set To Cement Role As New GDP Growth Champion.
• David Frum And The Axis Of Errors.
• Furries Are Infiltrating Our Schools.
• National Security Experts Raise Alarm Over Biden’s EV Push.

Wall Street Journal:

• In New Hampshire, Trump’s Grip on GOP Is Clear: ‘I Love That Man’.
• Stocks Are at Record Highs, but Things Will Get Harder From Here.
• U.S., Arab Allies Push Hostage-Release Plan Aimed at Ending Israel-Hamas War.
• Hamas Toll Thus Far Falls Short of Israel’s War Aims, U.S. Says.
• Pop Goes the DEI Bubble. Claudine Gay’s resignation proved we are moving away from this harmful ideology.
• John Kerry’s Climate-Change Flop. Despite his pleas, China keeps building more coal power.
• One City and Three Retailers Tried to Fight Shoplifting. The Stores Closed Anyway.

CNBC:

• Two important events this week could determine the future of Fed rate policy
• Iranian and Hezbollah commanders help direct Houthi attacks in Yemen, sources say.
• How Spirit Airlines’ uncertain future could add cost and stress to travel across America
• Mortgage interest rates expected to drop in 2024—here’s how much you could save on monthly payments.
• The buy now, pay later holiday debt hangover has arrived, as consumers wonder how they’ll pay bills.

Reuters:

• SolarEdge to lay off 16% of workforce to trim operating costs
• FDJ in talks to acquire Kindred for $2.5 billion, Wall Street Journal reports

MarketWatch.com:

• Opinion: The betting on the ‘AI PC’ race is ignoring the true AI leader: Nvidia.
• Stock-market investors face an ugly election season. Can bulls take comfort in history?
• Price increases drove corporate profit margins to historic highs during the pandemic. In 2024, cost cuts could help them resume their ascent.

NewsMax:

• UNH Poll: Trump Hits 50 Percent, Widens GOP Lead to 11.
• Trump: Nikki Haley in 'Unholy Alliance' in Quest to Win.
• Dick Morris: Scott's Trump Endorsement End for Haley. 
• Poll: DeSantis Backers More Likely to Vote Trump.
• Karoline Leavitt to Newsmax: 'Best' If Haley Drops Out.

Fox News: 

• Pop star flying around world in $40 million jet escapes climate police by twisting fine print.
• Cartels are transforming America's cities into war zones from the inside.
• Doctor issues stark warning about how parents are pushing kids 'to the brink'.
• Black national anthem performance at upcoming Super Bowl stirs controversy.

PredictIt:

• Who will win the 2024 New Hampshire Republican primary?: Donald Trump 94% chance, Nikki Haley 7% chance.

TheGatewayPundit.com:

• THE JIG IS UP… EXCLUSIVE: Local Reporter Describes Election Expert Halderman Breaking into Dominion Voting Machine and Changing Vote Totals During His Georgia Testimony.
• MIKE MCKENNA: Shocker — RINO Republicans Are Backing A Carbon Tax.
• VIDEO: Senator John Fetterman Says Immigration Crisis “Threatens To Destroy The American Dream”.
• President Trump Expresses ‘Great Honor’ Following Gov. Ron DeSantis’ Endorsement After Withdrawing from Presidential Race. 
• Germany Turns Right: Conservative Faction of Christian Democratic Union Decides To Form New Rightwing Party – Against Immigration, Open To Working With Surging AfD.
• BREAKING: Professor and Election Expert J. Halderman Hacks into Dominion Voting Machine in Court on Friday in Georgia in front of Judge Totenberg USING ONLY A PEN TO CHANGE VOTE TOTALS
• CNN Crank Gets Feisty After Sen. Tim Scott Points Out Joe Biden’s Massive Failures and Dismal Record as President (VIDEO).
• Cancer Cases Expected to Hit Record High in 2024… What Changed?
• Maria Bartiromo: Klaus Schwab Got Up and Walked Out of Room During Argentina President Milei’s Speech at Davos Attacking Globalist Power-Hungry Elites.
• “We Were the Gatekeepers. We Owned the facts as Well” – Watch: Wall Street Journal Chief Editor Whines About Losing Control of the Narrative at Davos.
• $5 Million Down the Drain: Asheville Grapples with Idle Electric Buses Due to Technical Flaws.
• Country Star Trace Adkins Bashes Vaccine Skepticism, Says “I Don’t Buy All of That Crap, Give Me a Vaccine for Everything” (VIDEO).
• WATCH: Man TORCHES Nikki Haley in New Hampshire on Her Birthday for Blowing Millions of Dollars on Doomed Campaign.
• Massive Crowd Chants “F-ck Trudeau” at UFC 297 Event in Canada (VIDEO).
• SHOCKING: Moments Ago Joe Scarborough Lied and Claimed Four Policemen Died on Jan 6.
• Judge Orders Release of Last Defendant in ‘Newburgh Four’ Case, Blasts FBI Role in Orchestrating its Own Terrorism Plots.
• President Trump Speaks to Packed House in Manchester, New Hampshire: “We are Going to Defeat Crooked Joe Biden, and We are Going to MAKE AMERICA GREAT AGAIN!” (VIDEO).
• Coalition of States Target Gun Manufacturers and Ignore Psychiatric Drug Epidemic Linked to Mass Killings.
• Journalist Who Tried to Cancel Novak Djokovic for Being Unvaccinated Collapses and Dies Suddenly at Australia Open.
• Transgender (Biological Male) Golfer Hailey Davidson Wins Women’s Tournament in Florida; Increases Chances to Move onto LPGA Qualifier.
• Bidenomics: Price of Postage Stamps Going Up Again on Sunday (Up 24 Percent Since 2021).
• ICYMI: Denver Health Medical Staff Receives First Live Ebola Vaccine that “Sheds” for the First Time in History (VIDEO).

The Epoch Times: 

• Inside the CCP’s Unconventional War Against South Korea
• Public Discussion About Taiwan Is Still Sensitive Amid CCP Coercion: Professor.
• China’s Attempt to Attract Foreign Investors at DAVOS Falls Short: Experts.
• China’s Economy Shows Similarities to US in the Great Depression. 

X:

• @MAGAIncWarRoom - President Trump in New Hampshire: "All you need to know about Nikki Haley is that every corrupt and sinister group we've been fighting for the past seven years is on her side." (video)
• @JohnBasham - BREAKING: In A Federal Court In Atlanta Georgia On Friday J. Alex Halderman (@jhalderm) Was Able To HACK A DOMINION VOTING TABULATOR In Front Of U.S. District Judge Amy Totenberg USING ONLY A PEN TO CHANGE VOTE TOTALS! This Is Part Of A Long Running Lawsuit By Election Integrity Activista Set As A Bench Trial. Plaintiff's Seek To Remove What They Say Are Insecure Voting Machines In Georgia In Favor Of Secure Paper Ballots.
• @TheAndersPaul - This is HUGE. Fulton Co. admits they never scanned any envelopes (they likely did and are lying) but this means that they NEVER did signature verification. Remember these counties adamant about no one looking at screen and remember deleted absentee server. (video) 
• @WideAwake_Media - Prince Philip: The growing human population is the biggest challenge to conservation. Interviewer: "And do you have views about what should be done about that?" Prince Philip: "Can't you guess?" (video) Dutch political commentator, Eva Vlaardingerbroek (@EvaVlaar), on the WEF's plan to impose a personal carbon allowance, connected to digital ID, under the guise of tackling the imaginary "climate crisis": "The CEO of one of the largest Dutch banks said, if everyone gets individual personal carbon credits, why don't we make it so that rich people, who for example want to go on holiday a little too often, can buy personal carbon credits from people who can't afford buying plane tickets or eating meat too often?" "So what will happen is the rich will get richer, the poor will get poorer, and they're saying it openly as if it's not a controversial thing at all. It's neo-feudalism. That's what it is."
• @PeterSweden7 - Summary of the World Economic Forum 2024: Klaus Scwhab appointed himself earth's "trustee of the future". They openly talked about creating a "new world order". A speaker said farming and fishing was "ecocide" and should be a "serious crime". They talked about how a biometric digital ID would be good to check people's vaccination. The media said they were gatekeepers and OWNED the facts.
• @PierreKory - As an expert in treating Covid mRNA vaccine injury, here is my “tip” to prevent sudden cardiac arrest : AVOID ALL MODIFIED mRNA THERAPEUTIC TECHNOLOGY FROM NOW TIL FOREVER.
• @DowdEdward - Civilian Labor Force Disability from the Bureau of Labor Statistics went of the rails starting in the spring of 2021. Currently up about 33% since then. Public Health Authorities should be asking questions. Wondering why I haven’t heard more. (graph)
• @FreyjaTarte - Bill Gates and Klaus Schwab at WEF in 2008 discussing Vaccination and depopulation. (video)
• @BigFish3000 - “The water leak story on election night was to pause the count and see how many ballots needed to be applied to the system.” (video)
• @stkirsch - See? Record high all cause mortality. (graph)
• @TPostMillennial - Daily Mail blasts Nikki Haley's 'character' after campaign BANS outlet from events over report on her infidelity.
• @JesseKellyDC - The story isn’t that these are feds. Everyone knows that by now. The story is, as it often is, why? Why would the feds run an op like this? Ask yourself that question. You won’t like the answers. (video)
• @Rasmussen_Poll - Georgia: The Warehouse Ballots. The black robes doing this multi-year drag-out know what these 150,000 never folded mail ballots with perfect ovals mean. They mean that Joe Biden did not 'win' Georgia in Nov 2020.
• @KLVeritas - This is an eye opening article on land owning by Bill Gates and why he is buying it, and yes he did say “so that the foundation can buy more vaccines”.
• @JackPosobiec - JUST IN - A couple chads just walked up to Nikki Haley and asked why she is wasting so much money on TV when there are homeless veterans in the US and she is going to lose to Trump anyway. (video)
• @MJTruthUltra - This was this most significant statement Trump made tonight… Nikki is working with Arabella Advisers. Nikki Halley is a fucking Democrat plant. (video)
• @TheChiefNerd - This confirms my suspicions about my account, and many others, being targeted by Community Notes. Please read this post and watch the video to see if you are in here too. 70 notes/day is impossible for one account to deliver, unless that one account is part of a bigger operation. (video)
• @WallStreetSilv - This is why the fake news media is attacking Elon and the X platform. They have lost control of the narrative they once had. “We owned the news. We were the gatekeepers, and we very much owned the facts as well”. (video)
• @WallStreetApes - American Coal Worker “Hope all of you that are sitting at home nice and warm today realize that it's the coal industry that's keeping your houses warm as much as you wanna deny it. Not your batteries, not your solar panels. (video)
• @HerbsandDirt - During the beginning of the “pandemic”, SIDS deaths dropped EXPONENTIALLY. Why? Well baby visits were canceled. I feel like we should be talking about that more.
• @alifarhat79 - Show me a man that gets rich by being a politician and I'll show you a crook. -Harry Truman. Nancy Pelosi Annual salary: $223,000 Net worth: $202 million Mitch McConnell Annual salary: $200,000 Net worth: $95 million. Chuck Schumer Annual salary: $210,000 Net worth: $75 million Elizabeth Warren Annual salary: $193,000 Net worth: $73 million What do you think?

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,000,725 Reports(+2,808 from prior week) Through December 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 +.25% to +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 99.5 -1.75 basis points.
  
• China Sovereign CDS 64.5 -1.5 basis points.
• China Iron Ore Spot 129.7 USD/Metric Tonne -.15%.
  
• Bloomberg Emerging Markets Currency Index 40.98 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 61.91 +1.0%.
• Volatility Index(VIX) futures 14.4 -1.8%. 
• Euro Stoxx 50 futures +.96%.
• S&P 500 futures +.27%.
• NASDAQ 100 futures +.63%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the week.