Evening Headlines
Bloomberg:
- Third Commercial Ship in a Week Struck by a Drone Near Yemen.
- China Downplays Big Stimulus in 2024, Testing Investor Patience.
- Australian Jobs Unexpectedly Slump, Boosting Rate-Cut Bets.
- Japan Stocks Are Gaining on China as World-Beating Rally Extends.
- TSMC’s $59 Billion Rally May Extend on AI Demand: Tech Watch.
- Liquidity Risks Are Worrying IMF Amid High Debt, Gopinath Says.
- Asia Mixed as Rate Cut Doubts Hit US Stocks, Bonds: Markets Wrap.
- Oil Gains Ground as Traders Gauge Impact of Middle East Crisis.
- Apple Must Stop Selling Watches With Blood Oxygen Feature.
- Coinbase Compares Buying Crypto to Collecting Beanie Babies.
- Goodyear to Name Stellantis Exec as CEO After Elliott Push.
- You Switched the Lights On. Traders Made Billions of Dollars.
- Real Estate Stocks Tumble as Traders Reassess March Rate Cut Bets.
- Harvard, Elite College Backlash Seen Pressuring Billions of Debt.
Zero Hedge:
- Watch: The Most Ridiculous 75 Seconds Of Bullshit From Davos Yet On "Ecocide"
- Increasing Psychopathic Behavior Is A Sign That Society Is On The Verge Of Breaking Down
- Iran, Pakistan On Brink Of Military Conflict Following Missile Strike - China Urges Calm
- Parents Are Winning The Battle For School Choice.
- Cold Blast Takes Half Of North Dakota's Oil Production Offline.
- DNA Contaminants In COVID Vaccines Are 'Beyond The Pale': Florida Surgeon General.
- Jim Jordan Demands Answers After Biden Admin Caught Flagging "MAGA" And "Trump" To Track Political Opponents' Financial Transactions.
- Yet Another Recession Red Flag: Net Saving Is Negative.
- "The Western World Is In Danger": Milei Warns Of DEI Doom, As Dimon Touts Trump On 'Critical Issues'.
- OpenAI Attempts To Dispel Fears Of AI-Meddling In Elections.
- US stocks declined as some of dovish rate cut bets unwound - Newsquawk Asia-Pac Market Open.
- US stocks declined as some of dovish rate cut bets unwound - Newsquawk Asia-Pac Market Open.
- Surging rates and stuck equities.
- I Can't Believe This Is A Real Science Class At A Real University.
- WTI Maintains Gains After API Reports Unexpected Crude Build.
- Rate cut expectations unwind after hot UK CPI and US Retail Sales - Newsquawk US Market Wrap.
- The 'Arms Race' For Fake AI Election Content Is On.
- 'Good News Is Bad News' As Goldilocks Reality-Check Wrecks Dovish Dreams.
- Container Lines Scramble To Rent More Ships Amid Red Sea Crisis.
Wall Street Journal:
CNBC.com:
- Failed JetBlue buyout leaves Spirit Airlines with a tough path forward
- Sheryl Sandberg says she’s leaving Meta’s board
- Cramer lists his major themes for the market in 2024
- Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
- The weight loss drug market may get more crowded. Here are the companies trying to enter the space
Fox News:
TheGatewayPundit.com:
- “Long Live Freedom” — Argentinian President Javier Milei Trashes Socialism and Calls Out Elites at WEF (VIDEO).
- RIDICULOUS: After Indicting The Leading Presidential Candidate and Destroying America, Kamala Harris Calls Trump an “Existential Threat to Our Democracy,” Who “Took Rights and Liberties From The American people” (VIDEO)
- E. Jean Carroll Admits to Deleting Evidence Under Subpoena – Clinton Judge Kaplan Rushes to Her Defense!
- HOLY HELL! Another Elitist Freak Show… Demonic Witch Mumbles Incantations, Hexes Stage, Blows Air at Attendees… Welcome to Davos!
- IT ALL MAKES SENSE NOW: Biden’s DC District Attorney Matthew Graves Represented Terrorist-Supporting State Qatar and Foreign Banks Financing Terror.
- Golden State Warriors Assistant Coach Dead at 46 After Heart Attack.
- JUST IN: Maine Court Orders Trump Back on Ballot Pending SCOTUS Ruling.
- Trump Tops New Hampshire Poll With 50 Percent Support, Haley Trails With 34, DeSantis Below ‘Undecided’ at 5 Percent.
- JPMorgan CEO and Dem Donor Jamie Dimon Defends Trump and MAGA — Calls Out Democrats for Demonizing Millions of Americans: ‘Democrats Need to Grow Up’.
- Exposed: Moderna’s Vaccine Against Vaccine Dissent.
- WOW! Did Kamala Harris Just Admit the Biden-Harris 2024 Plan is to Run ‘Without an Opponent’? (VIDEO).
- The Who’s Roger Daltrey Blasts Scientists and Big Pharma: ‘They Don’t Want to Find a Cure for Cancer’.
- Bill Gates Says Next-Generation Vaccines to Offer ‘Longer Duration, More Coverage’ and Will Be Administered Needle-Free (VIDEO).
- NOW YOU KNOW: The One County Out of 99 that Trump Lost in Iowa Ran Out of Party-Switch Forms on Caucus Night (VIDEO).
The Epoch Times:
- When and Who Should Stand Up for Taiwan.
- Chinese Lab Sequenced COVID-19 Weeks Before Beijing Disclosed Data.
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 mostly lower, weighed down by commodity and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 103.75 +3.5 basis points.
- China Sovereign CDS 69.25 +5.25 basis points.
- China Iron Ore Spot 126.5 USD/Metric Tonne +.53%.
- Bloomberg Emerging Markets Currency Index 40.93 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 58.9 +.6%.
- Volatility Index(VIX) futures 15.4 -.8%.
- Euro Stoxx 50 futures +.02%.
- S&P 500 futures -.02%.
- NASDAQ 100 futures -.04%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.
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