Evening Headlines
Bloomberg:
- Confidential Jeffrey Epstein Documents Unsealed by New York Court.
- China Holds Sea Patrols as US, Philippines Drill in Same Region.
- China’s LGFVs Must Repay a Record $651 Billion of Bonds in 2024.
- Xi’s Mixed Messages Leave Whiplashed Investors Wary of China.
- Wall Street's Ambitions in China Run Into a Rising Firewall.
- TikTok Eyes $17.5 Billion Shopping Business on Amazon’s Turf.
- Asia Stocks Mirror US Declines After Fed Minutes: Markets Wrap.
- Oil Rises for Second Day on Libyan Outages, Red Sea Tensions.
- Trump Asks US Supreme Court to Overturn Colorado Ballot Ban.
- Trump Sues Maine Official Who Disqualified Him From Ballot.
- Fed Sees Rates Staying High for Some Time With Cuts Eyed in 2024.
- Zuckerberg Sold Nearly Half a Billion Dollars of Meta Stock In Last Two Months.
- Markets See Fed’s Exit From Quantitative Tightening Nearing.
- Key Takeaways From Minutes of Fed’s December Rate Meeting.
- JPMorgan, Goldman in Talks With Grayscale About Bitcoin ETF Role.
- Georgia Homebuilder Launches What Could Be 2024’s First US IPO.
- Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally.
- CVS to Replace AbbVie’s Blockbuster Humira With Cheaper Rivals.
- Five Key Charts to Watch in Global Commodity Markets in 2024.
- Five Things You Need to Know to Start Your Day.
Zero Hedge:
- "President Clinton Is A Key Person": Epstein Files Finally Unsealed.
- Feds Want To Jail Ray Epps For Just 6 Months Over Role In Jan. 6 Riot.
- Entry-Level Jobs Pay Six Figures In This Gritty Part Of America.
- Goldman Trading Desk: This Is The Biggest Risk To Markets This Year.
- Trump, Endorsed By All House GOP Leaders, Urges SCOTUS To Overturn Colorado Ballot Ban As Deadline Looms.
- Big (small) cap pain.
- Chicago Led Nation In Homicides For 12th Year In A Row, Murder-Rate Still 5x NYC's.
- Container Ship Desert In Red Sea As Biden's Operation Prosperity Guardian Fails.
- Hezbollah Losses Grow To 9 In One Day After Israel Mounts Another Major Airstrike.
- Review Shows COVID-19 Vaccines "Significantly" More Deadly Than Flu Shots: Sen. Ron Johnson.
- We Need A Return To An Emphasis On Meritocracy.
- The 5 Strangest Features Of The Modern Left.
- Stocks slip, Bitcoin slides and crude rips higher - Newsquawk Asia-Pac Market Open.
- WTI Holds Day's Gains After API Reports Big Crude Draw.
- Stock slide continues, oil climbs on geopolitics and supply risk - Newsquawk US Market Wrap.
- Global Bonds & Stocks Suffer Biggest Rout To Start A Year Since 1999.
Wall Street Journal:
- China’s Balloons Are Back. This Time They Are Over Taiwan.
- At Least 95 Dead in Blasts at Memorial for Iranian Commander
- Inside a Flaming Jet, 367 Passengers Had Minutes to Flee. Here’s How They Did It.
- The West Badly Needs More Missiles—but the Wait Is Years Long
- Cigna Nears Deal to Offload Medicare Business
- Another California Gift to Texas. Chevron explains to Sacramento why the state is losing jobs and investment.
- A $3 Trillion Burden. Biden regulators spew out red tape at a historic pace.
CNBC.com:
MarketWatch.com:- Stock market fails to stage a ‘Santa Claus rally’ in rough start to 2024.
- Office-loan delinquencies hit 5-year high in 2023 and likely will rise even higher, Moody’s says.
- Fed officials haven’t ruled out further rate hikes, minutes show.
- Apple’s stock needs to get ‘unstuck’ — and its innovation rut may not be helping.
Newsmax:
Fox News:
- High-profile names linked to sex trafficker Jeffrey Epstein unsealed in documents.
- Biden's green goals suffer blow as developer axes project hailed as Bidenomics success.
- Chick-fil-A raises its prices more than 20% as inflation rages.
TheGatewayPundit.com:
- MUST SEE VIDEO: Just Think… There Are Republicans Who Believe Democrats Are Running This Guy But Will Not Cheat in 2024!
- Trump Asks US Supreme Court to Overturn Colorado Decision to Remove Him From 2024 Ballot.
- BREAKING: HERE ARE THE EPSTEIN DOCUMENTS RELEASED TONIGHT
- Convicted Sex Trafficker Ghislaine Maxwell Breaks Silence on Epstein Associate List Release, Blames Gender Inequality: ‘It’s About Men Abusing Women for Years, Yet Only a Woman is Jailed’ (VIDEO)
- Associated Press’ Attempt to Spin Harvard President’s Departure Gets Publicly Fact-Checked.
- “The Democrat Party is Done in Chicago and That’s a Fact” – Black Chicagoans Vow to Flip Chicago Red for 2024 Election Over Migrant Crisis – Want to Meet with Trump (VIDEO).
- WATCH: Vivek Ramaswamy Obliterates Woke Washington Post ‘Reporter’ With Epic Response After She Asks Him a Stupid Gotcha Question Regarding White Supremacy.
- High-End Brothel Frequented by Military Officers, Politicians Believed to be ‘Honeypot’ Scheme by China, Russia, South Korea.
- Billionaire Bill Ackman Calls on Harvard Board Chair Penny Pritzker to Resign Along with Entire Board.
- Epstein List: Pedophile’s Assistant Sarah Kellen Awaits the Release of Documents, as She Holds Her ‘Mountain of Insider Secrets’ as Her ‘Get Out of Jail Free Card’.
- Florida State Surgeon General Ladapo Calls for Halt in Use of COVID-19 mRNA Vaccines.
- He’s a Uniter… Joe Biden Plans Speech on Dangers of White Supremacy at Valley Forge on Anniversary of J6 Protests – Because ALL Trump Supporters are White Supremacists.
- BREAKING: House Republicans to Begin Impeachment Proceedings Against Homeland Security Secretary Alejandro Mayorkas Over Border Crisis.
The Epoch Times:
- Chinese Workers’ Protests Doubled in 2023, Posing a Threat to CCP’s Rule: China Observers.
- China’s Leader Acknowledges Poor Economy, Has No Solution.
- Taiwanese Expert Pioneers AI Defense Technology to Thwart CCP’s Attempts to Manipulate Taiwan Elections.
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 997,917 Reports(+9,212 from prior week) Through November 3rd, 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 lower, weighed down 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 -1.0% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 98.0 +4.0 basis points.
- China Sovereign CDS 64.75 +3.75 basis points.
- China Iron Ore Spot 142.3 USD/Metric Tonne -.3%.
- Bloomberg Emerging Markets Currency Index 41.3 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 54.8 +1.5%.
- Bloomberg US Financial Conditions Index n/a.
- Volatility Index(VIX) futures 15.6 -.3%.
- Euro Stoxx 50 futures +.04%.
- S&P 500 futures +.11%.
- NASDAQ 100 futures +.08%.
BOTTOM LINE: Asian indices are lower, weighed down 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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