Monday Watch

Today's Headlines

Bloomberg:   

• Carry Trade Gets Turned on Its Head, Stoking Rush to the Dollar.
• Copper at $10,000 and BHP's Mega Bid Expose Mining’s Biggest Problem.
• US Pushes for Gaza Truce and Hostage Release as Blinken Visits.
• Won Set to Make a Comeback on Bets of Central Bank Support.
• Musk Makes Surprise China Visit in Search of Tesla Revenue Boost.
• Yen Watchers Ask Where Is Japan as Currency Losses Accelerate.
• Asian Markets Eye Positive Open, Tech in Focus: Markets Wrap.
• Oil Declines as US Steps Up Efforts to Secure a Truce in Gaza.
• Trump’s Economic Confidants Battle for Sway on Tax, Fed Policy.
• Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data.
• Powell Is Poised to Keep Fed on Higher-for-Longer Path.
• Wall Street Bulls Say Stock Rally Can Resume Even Without Rate Cuts.
• Fed Rate Doubts Have Options Traders Covering Both Hikes and Cuts.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge:

• Putin Did Not Order Alexei Navalny's Death, US Intelligence Finds.
• "Explain To Me Why We Don't Have The Right To Exist?" – Eva Vlaardingerbroek Warns Whites Against Massive Demographic Changes In Their Native Countries.
• A Chipotle Double Steak Bowl Is Now $39 In California.
• New Bombshell Evidence Emerges: Was Trump Set Up In Classified Docs Saga?
• Hedge Funds Bought Tech Stocks For 11 Consecutive Days, Biggest Buying Spree Since 2022.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• The Struggle For The Soul Of The GOP.
• TME Weekend: Inflation Stuck, Dollar Flexes and China Bull.
• NY Judge Claims '2nd Amendment Doesn't Exist In Her Courtroom' In Case Against Gunsmith.
• Watch: Biden Lectures Press To Get Behind His Campaign.
• The Gloves Will Come Off In A Second Biden Term.
• China Expanding New Outpost In Antigua & Barbuda, Alarming The Pentagon.
• Man Who Filmed Ashli Babbitt Killing Sentenced To 6 Years In Prison.
• Justice Kavanaugh Warns Of Vicious Cycle Of Malicious Prosecutions That Could End Presidency.
• Despite A Very Low Bar, Earnings Beats Are Not Being Rewarded While Misses Are Getting Severely Punished.
• California Homeowners: Insured No More Amid Fire Danger.
• How Skeptical Are Europeans About Vaccinations?
• PM Orbán At CPAC: The 5 Methods Of Oppression Liberals Use To Silence Conservatives.
• Iran's Nightmares.
• Americans Are Increasingly Negative About China.
• The Scramble For Antarctica.
• "A Marriage Of Ineptitude & High Self-Esteem" - Tucker Exposes The Liberal Cognoscenti.
• Adam Schiff Robbed In San Francisco.
• Chinese Nationals Charged With Conspiracy to Export US Technology.
• Office Market Availability Rate Hits Record High In San Francisco.
• From Bird Flu To Climate Snakes.
• These Are The Countries That Have Become 'Sadder' Since 2010.
• US Should Adopt UK's 'Rwanda Plan' To Address Illegal Immigration.
• The Teams Are Set For World War III.
• Nearly Half Of Those Arrested At UT-Austin Pro-Palestinian Protest Had No Links To School.
• If 10-Year Yields Surpass 5%, Say Hello To QE (And Massive Inflation).
• Washington's Fiscal Mess Is Irresponsible, Unethical, Immoral: Former US Comptroller General.
• "Bye Bye, Babies... Bye Bye, Workers": Can Europe Slow The Impact Of Its Aging Society.
• Positioning, Flows and Sentiment.
• Bird-Flu, Censorship, & 100 Day Vaccines: 7 Predictions For "The Next Pandemic".
• It's Entirely Legal To Own "Thermonator" .
• San Diego Official Says City Is "New Epicenter" Of Border Crisis.
• Disgruntled School Employee Uses AI To Frame Principal With Racist Rant .
• Competition, The American Way.
• California's New Minimum Wage: A Cure That Exacerbates The Sickness.
• Why You Can't Afford Most Hotels In New York City.
• Mainstream Media Misrepresenting Crime Statistics In Order To Protect Biden. 
• US Bank Deposits Suffer Biggest Weekly Decline Since 9/11 As Tax Man Cometh.
• George Soros Paying Student Agitators To Whip Up Anti-Israel Protests.
• "The Yen Collapse Has Become Disorderly": Look For A Final, Sharp Decline Before It Hits A Floor.
• Relief rally after in line March Core PCE - Newsquawk US Market Wrap.
• Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth.

Wall Street Journal:

• Even If the Fed Cuts, the Days of Ultralow Interest Rates Are Over.
• New York City’s Jewish Population Under ‘Dark Cloud’ as Tensions Rise.
• The Biden EPA’s Plan to Ration Electricity. New rules are designed to eliminate fossil-fuel power plants. Energy scarcity is sure to result.
• All the Disinformation That’s Fit to Print. Will heavy-handed U.S. intelligence spooks re-elect Trump? Will the New York Times help? 
• Nashville Is Booming. Locals Fret About Their Future in Music City.
• Welcome Back, Road Warriors: Business Travel Returns.
• In America’s Biggest Oil Field, the Ground Is Swelling and Buckling.
• California Fast-Food Chains Are Now Serving Sticker Shock.
• Watch Out for a Global Wealth Tax. Will Biden and Yellen buy into the G-20 proposal for a 2% tax on assets?

Barron's:

• Had bullish commentary on (ALB) and (BRK/A).

CNBC:

• In day-trip fee Disney-fication of Venice, world hits overtourism tipping point.
• Selena Gomez: Getting off Instagram was ‘the most rewarding gift I gave myself’.
• Digital ad market is finally on the mend, bouncing back from the ‘dark days’ of 2022.
• WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’. Speaking Sunday at WEF’s “Special Meeting on Global Collaboration, Growth and Energy for Development” in Riyadh, Saudi Arabia, he warned that global debt ratios are close to levels not seen since the 1820s and there was a “stagflation” risk for advanced economies.
• Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue.
• Top Wall Street analysts favor these 3 stocks for their growth potential. 
• All the data so far is showing inflation isn’t going away, and is making things tough on the Fed. 
• Rising oil is still the big market risk despite today’s pullback, analysts say.

MarketWatch.com:

• Stocks risk a wild week of Big Tech earnings, Fed faces off with inflation.
• The most jam-packed earnings week for the quarter lies ahead, led by these two market bellwethers.
• Virtual reality could make seeing your favorite band less expensive, if these artists have their way.
• How AI and EVs are boosting demand for copper.
• The timing may be just right to buy Nvidia or other semiconductor stocks.
• Why the Fed looks likely to scramble back to a hawkish stance.

NewsMax:  

• Gallup Poll: Biden Worst President in Polling History.
• CNN Poll: Trump Leads by 9 as U.S. Views Biden as a 'Failure'.
• Trump Blasts RFK Jr. as 'Wasted Protest Vote,' 'Radical Left'.
• Fred Fleitz: China Meddling to Get Biden Reelected,
• Anthony Tata: U.S. Must Disrupt China's Fentanyl Networks.

Fox News:

• Hamas 'grooming' antisemitic mobs rattling campuses with terror: 'Coming to a theater near you'.
• Retired SCOTUS Justice Breyer weighs in on mounting calls Sotomayor should step down. 
• University unleashes on anti-Israel agitators in fiery statement after forced to close campus.

TheGatewayPundit.com:

• VIDEO: Police Absolutely Obliterate Anti-Israel Protesters at Wash U in St. Louis – Drag Them Away by Their Feet – Green Party Candidate Jill Stein Arrested.
• Former Rock Vocalist Cherie Currie Denounces Democrats, Calls Obama ‘Terrible President’ in Blistering Critique — ‘Voting for Democrats Now Just Makes You a Fool’.
• BREAKING: Arizona Republican Party Declares Covid-19 Injections Biological and Technological Weapons, Passed Ban the Jab Resolution!
• Democrat Senator Tim Kaine Downplays Violent Anti-Israel Protests on College Campuses (VIDEO).
• Robert F. Kennedy Jr. Vows to File Lawsuit Over TikTok Ban ‘On Constitutional Grounds’.
• WATCH… “DEADBEAT DAD” – Kari Lake’s EPIC New Ad Exposes How Radical Democrat Ruben Gallego Left His 9 Month Pregnant Wife and Shacked Up With DC Lobbyist (VIDEO).
• CNN POLL: Trump Posts Record Six-Point Lead Over Biden, Nine Points With Third Party Candidates.
• TikTok Parent Company Says They Are Unwilling to Sell, Which Could Lead to Full Ban in the US.
• MUST SEE VIDEO: Western Lensman’s Latest Release… “Warning to America: 25 Ways the US Is Being Destroyed – Explained in Under 2 Minutes”.
• Inflation and Unemployment Rising: Stagflation Likely.
• Palestinian Athletes Invited to Compete at Paris Olympics… Without Having to Qualify!
• Cardiologists Identify COVID-19 Vaccine as Possible Cause of Young Professional’s Heart Problem.
• DeSantis Responds to Joe Biden’s War on Women and Proud Abolishment of Title IX: “We Will Not Comply” (Video).
• Oklahoma Challenges Joe Biden’s Title IX Revisions: “One of the Most Radical and Illegal Moves We’ve Ever Seen from the Federal Government”.
• Freight Train Derails at New Mexico-Arizona State Line Resulting in Massive Fire (VIDEO).
• SOFT ON CRIME: Democrat Arizona Governor Katie Hobbs Vetos Bill to Increase Penalties on Organized Retail Theft Repeat Offenders.

The Epoch Times:

• Pro-CCP Student’s Harassment of Pro-Democracy Activist Spotlights CCP Interference at Harvard.
• China’s Financial Outlook Gets Another Downgrade.

X:

• @elonmusk

• The problem with “Great Replacement Theory” is that it fails to address the foundational issue of low birth rates. Record low birth rates are leading to population collapse in Europe and even faster population collapse in most of Asia. Immigration is low in Asia, so there is no “replacement” going on, the countries are simply shrinking away. If this doesn’t turn around, then any countries on Earth with low birth rates will become empty of people and fall into ruin, like the remains we see of the many long dead civilizations. (video)

• @BGatesIsaPsycho

• Climate Emergency Scam In a few short yearss we’ve gone from:- Global Warming > Climate Crisis > Climate Emergency Why? Because if the State can make you believe it’s an emergency then they can play on the irrational response it generates & also enact Emergency Powers. (video)
• ”I was paralysed completely from the waist down”. “We’ve just had a settlement of $2.2million”. The lawsuits for the Vaccine injured & bereaved are finally starting. Unfortunately there isn’t enough money in the entire World to correctly compensate everyone. (video)
• The Irish have awakened & are starting to fight back against their treacherous Globalist Government. (video)
  

• @TuckerCarlson
  

• About one in five mail-in ballots in the last election was fraudulent, handing Biden the presidency. We know this because the people who committed the fraud have admitted it in a new poll. (video)

• @GlennBeck

• @alexnewman_jou tells me Bill Gates and the UN have teamed up to build a "GIANT DIGITAL GULAG for all of humanity": "They are using [CBDCs, digital IDs, & digital health certificates] to build a control system that will be able to manipulate what you do." (video)
  

• @ConceptualJames
  

• Are you starting to believe it yet? They're Communists.

• @libsoftiktok

• Why is there a Facebook “dating group” for LGBTQ people as young as 8-years-old with a requirement to post a photo of yourself and write your age?

• @kylenabecker

• Joe Biden now has the LOWEST APPROVAL RATING of any modern president during the same time in office. So, 84 million votes next election? (chart) 
• JUST IN: President Biden jokes about political prosecutions against his 2024 campaign rival. "I had a great stretch since the State of the Union, but Donald [Trump] had a few tough days lately. You might call it Stormy weather." (video)

• @nicksortor
  

• HUNDREDS of Islamists are marching through Hamburg shouting “Allahu Akbar” and demanding a caliphate in Germany. This is what mass, unchecked migration does. (video)

• @TheRabbitHole84
  

• Wokes overvalue branding which is why they support racism when it’s called DEI. For similar reasons, proposing that our border be “as welcoming as Disneyland” might work in winning over Woke voters. (pic)

• @PeterSweden7

• UNREAL. Andrew Bridgen speaks in British parliament. Turns out that hospitals gave the elderly that were sick with covid an injection called Midazolam. This is the same thing they use to execute inmates on death row. SHARE - The truth is coming out.

• @MarioNawfal

• PSYCHOLOGY PROFESSOR SAYS SCREENTIME IS LARGELY BEHIND THE DRAMATIC DROP IN IQ.

• @LauraLoomer
  

• Wow. Shame on @FoxNews. This morning they put this chart up on the TV moments ago to make it seem like @JoeBiden is campaigning harder than President Trump. They even said “Trump missed most of his wife’s birthday yesterday while Biden was campaigning”. Then they said there is a “stark difference” between Trump who is in the court room and “Biden who is on the campaign trail”. Shameful deceptive news. Donald Trump was forced to be in a court room with a corrupt judge who won’t let him celebrate @MELANIATRUMP’s birthday or attend Barron’s graduation. It’s ELECTION INTERFERENCE and Fox News didn’t even mention that. Also, Trump has been campaigning even while stuck in a court room.

• @wideawake_media

• If This Bird Was Covered in Oil This Photo Would Be Posted Everywhere. Retweet if you agree! (pic)
• Coming to the West soon? "Xi Jinping is hiring 87,000 agriculture police officers, and they're coming for Chinese farmers. Farmers can only plant the crops the government approves." (video)
• As Westerners struggle to pay their bills, the Ukrainian nightlife is thriving! Vast sums of taxpayer money are being funneled into Ukraine, while the very same taxpayers struggle with a cost of living crisis, soaring inflation and skyrocketing energy bills. But hey, at least the Ukrainian nightlife is thriving! (video)
  

• @VigilantNews
  

• WATCH: Kevin O'Leary Warns Biden's Capital Gains Tax Plan May Cripple the Economy. (video) 
• George Soros is Paying Student Agitators to Whip Up Nationwide Anti-Israel Protests. They are trained to “rise up, to revolution.”

• @CitizenFreePress  

• U.S. birth rate drops to lowest in 100 years.

• @WallStreetApes

• Stolen Elections & Open Borders Have Devastating Consequences. “The DEA in Riverside, California just confiscated 10 million doses of lethal fentanyl” - 37.4 pounds of fentanyl - 600,000 fentanyl tablets. “This resulted in the arrest of 15 people, one of them being a corrupt deputy. This single deputy had 104 pounds of fentanyl pills. It's frigging insane what is going on.” “I'm at a loss of what more I can personally do. Please, please, please be safe. Fentanyl test strips, do not take anything that is not a prescription. I don't know what else to say.” (video)
  

• @WallStreetSilv

• New York District Attorney Drives All The Way Home After Cop Tried To Pull Her Over! Then says, “I am the one who is going to prosecute myself, do you know what I am going to do with this ticket?” :: laughs in evil:: (video)
• How can you be sure they are Feds? Because the legacy news media is not spending any effort to unmask or destroy their lives. The corporate media was told to ignore this by their handlers at the FBI. If Patriot Front were a real organic group, the reaction would be completely different. (video)
• ALERT: MS-13 Satanists in Houston caught kidnapping and sacrificing young girls ... Maybe we should close the border? (video)
• 10 Things Every TyrannicaI Regime Has Done: Exploit emergencies. Indoctrinate children. Control the flow of information. Label critics as extremists. Weaponize identity politics. Distort history. Use police to silence opposition. Spread fear propaganda. Manipulate the judicial system. Mass surveillance. (video)
  

• @ImMeme0

• HOLY SH*T! TikToker and OnlyFans Farha Khalidi tells how the Biden’s administration was paying her to engage in identity politics and sell their message. “Yeah I was doing full on political propaganda.” Biden administration uses your tax dollars to pay for a full-blown propaganda. (video)

• @PierreKory

• Avoiding the sun makes you twice as likely to die, yet we are constantly told to, even though deadly skin cancers are caused by too little, not too much sunlight. That "War on the Sun" was what made dermatology into medicine's most profitable specialty.

• @VigilantFox

• Watch Robert Kennedy Jr. Drop COVID Vaccine Truth Bombs on Bill Maher. (video) 

• @ColinRugg

• NEW: New York union leader Bobby Bartels says most of his Union workers are Democrats but they are supporting Trump in 2024. Bartels said he conducted a poll of his 9,000 members and Trump is leading Biden 3 to 1. “In the past, we are basically Democrats, all of us. And after what’s happened the last 4 years in this country, Democrats are basically pushing everybody to the other side.”

• @diedsuddenly

• Is it possible some of the last round of flu shots were mRNA technology? 19 year old dies immediately following the Flu shot. Brain swelling, coma, death- All within 24 hours- Doctors are "baffled". (video)

• @stillgray

• "We want to smash the Democratic Party. We want to smash the Republican party. We want to smash this whole goddam capitalist, imperialist empire." This is a communist revolution. (video)
  

• @thestustustudio

• BREAKING: A look inside "Intifada Hall" at Cal Poly Humboldt. Students have "occupied and barricaded" two buildings and have encamped around them. (video)
• BREAKING: University of Florida students chose to breakdown their encampment after being handed this of Allowable Activities and Prohibitive Items and Activities. Look at those Consequences for Non-Compliance. (pic)
  

• @ANTIWEF

• Those "green energy" solar panels - AND their replacements .... Are made in Chinese factories powered by coal. By slave labor Uyghurs. From rare Earth elements that were strip mined. By child labor. (pic)

• @guybenson

• “Be glad — be grateful — that I’m not just going out and murdering Zionists. I’ve never murdered anyone in my life, and I *hope* to keep it that way.” This is a top leader of @Columbia’s encampment, with whom the school is “negotiating,” expanding on his thoughts about how Israel supporters “don’t deserve to live.” (video)
  

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,009,553 Reports(+1,917 from prior report) Through March 29th, 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 +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 116.0 -.25 basis point.
  
• China Sovereign CDS 70.75 -1.25 basis points.
• China Iron Ore Spot 116.9 USD/Metric Tonne -.92%.
  
• Bloomberg Emerging Markets Currency Index 39.34 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 69.0 +.05%.
• Volatility Index(VIX) futures 15.4 +.02%. 
• Euro Stoxx 50 futures +.24%.
• S&P 500 futures +.16%.
• NASDAQ 100 futures +.18%.

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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.