Monday Watch

Today's Headlines

Bloomberg:  

• Japan Faces Risks From US, China Economies, Banking Head Says. 
• Dalio Says China Must Fix Debt Problems or Face ‘Lost Decade’.
• Netanyahu Vows to Move Civilians From Rafah, Then Smash Hamas.
• AI Craze Drives Record Quarterly Foreign Flows to Korean Stocks.
• BOJ’s Stash of Bonds Is Set to Shrink for First Time Since 2008.
• Asian Stocks Poised to Gain, Chinese PMI Expands.
• Oil Steadies After Quarterly Surge With Chinese Demand in Focus. 
• US Oil Suppliers Muscling Into OPEC+ Markets All Over the World.
• Gold Hits Record on Fed Cut Outlook and Geopolitical Tension.
• Bridgewater CEO's Turnaround Hinges on Wooing Restless Clients.
• Five Key Charts to Watch in Global Commodity Markets This Week.
• 39,000 Lost Jobs Undercut Biden’s Manufacturing Wins.

Zero Hedge:

• Hartnett: US Interest To Hit $1.6 Trillion By Year End, Making It The Largest US Government Outlay.
• Outrage Ensues As Biden Celebrates "Transgender Day of Visibility" On Easter.
• Meltup To Continue As Last Week Hedge Funds Shorted The Most Stocks Since Start Of 2024: Goldman Prime.
• Minnesota Law School Drops Exclusion Of Whites And Males From Diversity Scholarship.
• AT&T Reveals Easter Weekend Surprise For Customers: 73 Million Accounts Leaked On Dark Web.
• Have We Reached Peak ESG? Corporate America Fools Around And Finds Out.
• "The US Economy Is Inverted": How The Flood Of Illegal Immigration Is Delaying The Official US Recession.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Rogan: NY Times Writers Are "Ultra Hard Left Activists Masquerading As Journalists".
• Musk Warns Ukraine May Lose Odessa & Black Sea Access If It Doesn't Negotiate.
• Pandemic Whiskey Boom Turns To Hangover.
• White House Approves Transfer To Israel Of More Bombs & Jets Worth Billions.
• How Much Do Food Stamps, Social Security, And Medicare Support The Economy?
• Is Gold 'Cheap' Or 'Expensive' Relative To Stocks?
• Fire, Then Ice: Our Deflationary Future.
• Criminal White House Press Corps Has Been Looting Air Force One.
• Rotations.
• Happy Easter Amid The Squatters And Lunatics.
• 'How Sustainable Is This Strength' - Goldman Trader Reflects On A Historic Q1.
• Asymmetric Response And The Perp Walk To World War III.
• "Capitalism Has Failed".
• From Enlightenment To Ignorance: Society's Dangerous Embrace Of Stupidity.
• RAND Sees "Internet Of Brains" By 2050.
• Globalists Claim Mass Immigration Helps The US Economy – Here's Why That's A Lie.
• Concern Over Food & Water Supply Grows Among Europeans.
• The Era Of Informed Consent Is Over. 
• Behind Massive Mail-In Ballot Push Is A Little-Noticed Executive Order.
• In 2024, Digital Is Everything In Politics.

Wall Street Journal:

• It Only Takes a $7,000 Debt to End Up Trapped in China.
• U.S. and Israel’s ‘Unprecedented’ Intelligence Sharing Draws Criticism.
• Early Clues Emerge on Senate’s Plans for TikTok.
• Trump Stock Takes Washington by Storm.
• You Can’t Fire Only the White Guys. Juries get called once corporate diversity turns to discrimination.
• Biden’s Order: Let There Be Electric Trucks. EPA’s latest EV mandate is the most costly and fanciful to date.
• How Green Energy Makes Us Vulnerable to Cyberattack. EVs and other digital-controlled products open extra access to the grid, which enemies can exploit.
• Victory Over Inflation Is Proving Elusive.
• A Hit Brand’s ‘One Size Fits Most’ Clothing Is Dividing America’s Teens.
• A Peter Thiel-Backed AI Startup, Cognition Labs, Seeks $2 Billion Valuation.
• U.S. Tech Giants Turn to Mexico to Make AI Gear, Spurning China.
• American Business Stalls in China.

CNBC:

• Fed must get ‘more aggressive’ with rate cuts due to jobs trouble, Canaccord’s Tony Dwyer says
• America’s ‘deskless’ hourly wage workers will reveal the most about how AI changes jobs.
• Samsung says it needs to ‘redefine’ voice assistant Bixby with generative AI upgrade
• eVTOLS: How flying cars are becoming reality.
• Baltimore bridge collapse a ‘national economic catastrophe,’ says Maryland governor

Reuters:

• Nippon Steel emphasises its 'deep roots' in the US as it pursues U.S. Steel deal.

MarketWatch.com:

• The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs.
• China’s manufacturing activity expands in March after 5-month lull.

NewsMax:

• Rep. Bacon: Johnson Could Lose Speakership Over Ukraine.
• Biden's Gaza Pier Plan Puts US Troops in 'Harm's Way'.

Fox News:

• Trump reacts to Mexican president's $20 billion demand from the Biden admin.
• LGBTQ groups claim 3 months, 28 'holidays' as Biden faces backlash over Easter statement.
• NBA star offers theory for why Biden is pushing transgender holiday on Easter Sunday.

TheGatewayPundit.com:

• The Associated Press Gaslights Struggling Americans, Claims Lower Prices Would Actually Be a Bad Thing.
• #METOO MADNESS: Spanish Prosecutors Seek 2.5 YEARS in Prison For Soccer Chief For Kissing Lesbian Player.
• Minnesota School District Wants Assistant Superintendent Who Can ‘Examine Presence of Whiteness’.
• REPORT: FBI Agents Captured on Video During Home Visit Admit They Spend ‘Every Day, All Day Long’ Interrogating Americans About Their Social Media Posts.
• White House Responds to Christian and GOP Backlash Over ‘Transgender Day of Visibility’ Proclamation — Does Not Apologize.
• Peter Sweden: IT HAS BEGUN: Italy Investigating Covid Vaccine Death.
• Caitlyn Jenner Slams Joe Biden Over Blasphemous ‘Trans Day of Visibility’ Proclamation on Easter.
• SATANIC CULT: Kamala Harris Posts Longer Message For ‘Transgender Day of Visibility’ Than Easter – Doesn’t Mention Christians or Jesus Christ.
• In Your Face: Biden Triples Down on Transgender Day of Visibility With New Statement After White House Releases Biden Comments on Easter.
• Trucking Industry Slams Biden Regime Over Stringent New Regulations for Heavy-Duty Vehicles to Combat Climate Change.
• SAY YOU ARE SORRY: Tucker Carlson Demands Doctors Apologize For Recommending Dodgy COVID Jab.
• Biden-Mart: Super PAC Launches Website to Compare Grocery Bills Now to What They Were Under Trump.
• “A Profound Insult” – Pastor Depicted in Film “Jesus Revolution” Calls Out Joe Biden’s Blasphemous Declaration of ‘Transgender Visibility Day’ on Easter Sunday.
• “This Once Again Shows How Little Respect President Biden and His Administration Have for God” – Christian Leader Franklin Graham UNLOADS on Joe Biden Following Desecration of Easter Sunday as Trans Rights Day.
• WATCH AND SHARE: Devastating Documentary ‘Climate: The Movie’ Obliterates Climate Scam, Shadowbanned By YouTube. 
• CCP-Linked Battery Manufacturer Files Lawsuit to Evict Michigan Man From His Land.
• Is Justice Coming For Victims of COVID Wrongful Deaths?

The Epoch Times:

• China’s Red Carpet Draws CEOs but Few Expect Their Money to Follow.
• AI: China’s Techies in the USA.

X:

• @WideAwakeMedia

• "There will be control." European Central Bank president, Christine Lagarde, admits the EU's new CBDC—the digital euro—will be used to exert control. EU citizens already face imprisonment or fines for engaging in cash transactions above €1000, but the introduction of the digital euro will enable financial totalitarianism on an industrial scale. (video)

• @SpeakerPelosi
  

• Happy César Chávez Day! His legacy as a fearless and tireless champion for justice and dignity for all continues to inspire our nation.

• @KobeissiLetter

• Dealers are getting absolutely CRUSHED on EVs: The Ford Mustang Mach-E was selling for $10,000 ABOVE MSRP less than 2 years ago. Today, this Mustang Mach-E is listed for $31,547 BELOW MSPR. That's nearly 60% below the suggested selling price for a brand new car. The worst part? This car has been sitting on the market for 6 weeks and it still has not sold. An EV fire sale is an understatement for most manufacturers and dealers.

• @RealPatrickWebb

• BREAKING: U.S. Navy overspent $400 million in aid to Ukraine, then manually changed records to fix the appearance of misappropriated funds, according to new IG report. (pic)

• @WallStreetApes

• WOW! Woman Who Works With Border Patrol Agent Says Illegal Migrants Are Coming Across With KNOWN Contagious Health Issues & They’re Told To Allow Them Entry. “They're sick with contagious things, like measles. There's also typhus. There's men that came over here not that long ago that this agent I work with tried to detain and quarantine because they had measles. He was told to let them go. They got on a plane from Houston and went, lord knows where.” (video)

• @BRICSinfo

• China warns its citizens visiting the United States to take safety precautions and to be prepared for "various unexpected situations."

• @rawsalerts

• #BREAKING: A large barge crashed into the Arkansas River bridge, causing damage to both the ship and the bridge pillar. (video)

• @SaltyGoat17

• I CANNOT believe THIS was allowed to air on MSM!!! A perfect one minute summary the World Economic Forum's 'Great Reset' agenda!! "They want to create feudalism 2.0, in which we are serfs, and they are the lords ruling over us… That's what they're aiming for." (video)
  

• @LauraLoomer

• JUST IN: President Trump and his campaign are calling on Joe Biden to apologize to the millions of Christians and Catholics who are celebrating Easter tomorrow after Biden decided to declare Easter “Trans Visibility Day” in an official White House statement. Joe Biden hates You.

• @BGatesIsaPsycho

• Solar Eclipse - America American is completely freaking out over Solar Eclipse April 8th. Some States are banning trucks over a certain weight from highways - others are deploying national guard, some cancelling school. Is something expected to happen or is this just a trial run for imposing martial law? (video)

• @MarioNawfal

• BREAKING: FBI AGENT ADMITS TO RAIDING AMERICANS FOR SOCIAL MEDIA POSTS. The agent in Oklahoma told a resident that they spend all day, every day, speaking to people about their Facebook posts.

• @LibsofTiktok

• Former CEO and founder of Planet Fitness changed his bio. BASED. (pic)
  

• @againstgrmrs

• There is no need for Transgender Day of Visibility. We think the “LGBTQIA+” community has just about enough days as it is… and quite frankly, those aren’t needed either. What happened to wanting to integrate into society? This isn’t how you do it. (video)

• @TheQuartering
  

• Here is a simple chart of just how massively rape is increasing in France. Do you think it's the locals just suddenly deciding to up their number or PERHAPS it's the tens of thousands of violent migrants pouring in? (graph)
  

• @PeterSweden7

• The elites: Dine on finest meat Fly private jets Luxury car collections. Have many children. Live in mansions. But they tell you: To eat insects. Stop flying. Live in 15 minute cities. Have less children. Live in a pod. They say it's to stop climate change. But in reality it is all about control. One rule for them, another rule for you. It's Climate Communism.

• @JamesMelville

• “The biggest lie in the world right now is that cows are killing the planet. At the core of that lie is how methane is calculated.” (video)

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,007,636 Reports(+4,460 from prior report) Through February 23th, 2024.

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 +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 102.5 -.25 basis point.
  
• China Sovereign CDS 71.0 unch.
• China Iron Ore Spot 99.3 USD/Metric Tonne -.8%.
  
• Bloomberg Emerging Markets Currency Index 39.6 +.03%
• Bloomberg Global Risk-On/Risk Off Index 67.8 +.6%.
• Volatility Index(VIX) futures 15.4 -.44%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures +.40%.
• NASDAQ 100 futures +.70%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial 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.