Tuesday Watch

Evening Headlines

Bloomberg:

• China’s Central Bank Rebuffs Bond Bulls on Market Bubble Worries.
• Japan’s Factory Output Rebounds From Dismal Start to Quarter.
• Yen Traders See Uphill Battle for Japan to Halt Currency’s Slide.
• Already-Weakened Yuan Set for $79 Billion of Dividend Pressure.
• Asian Stocks Track US Peers Higher, Led By Japan.
• Oil Holds Drop as Mideast Cease-Fire Talks Erode Risk Premium.
• Stock Bulls Look to Earnings With Fed in a Corner.
• Five Things You Need to Know to Start Your Day: Asia.

Zerohedge:  

• Biden Looks To Prevent Future President From Ending Ukraine War With 10-Year Agreement. 
• 'Anti-White' Scottish First Minister Quits After Disastrous 'Hate Crime Law'.
• "A Lot Of Shuttered Nuclear Power Plants Could Be Turned Back On", Fed Energy Official Says.
• California State Lawmaker Introduces Bill To Ban Excessive Homework.
• Cocoa Crash Unfolds As "Liquidity Evaporates" 
• California's Tax Revenue Projections Weakening As Newsom's Budget Revision Deadline Looms.
• Mammas, Don't Let Your Babies Grow Up To Be Activists.
• "Do Not Disclose This Is An Ad": OnlyFans Creator Says Biden Admin Paid For "Full On Political Propaganda".
• The Travesties Of The Trump Trials.
• Blinken Urges Hamas To Take 'Extraordinarily Generous' Ceasefire Deal.
• James Carville Has Meltdown Over Young Voters Sitting Out The Election.
• US stocks finished with mild gains on what was a choppy session as focus centred on yen intervention - Newsquawk Asia-Pac Market Open.
• If You Want People To Have Babies You're Now "Far Right"
• Uranium Stocks Rise After White House Mulls Russian Import Ban.
• The Fed's Game Of "Make Believe" Comes To An End.
• Yen tumbles as BoJ shows its hand - Newsquawk US Market Wrap.
• "We Live In An Age Of Full-Spectrum Deception".
• Yen & Yellen Yank Stocks, Bonds, & The Dollar On Otherwise Quiet Day.

Wall Street Journal:

• Columbia Starts Suspending Pro-Palestinian Student Protesters in Standoff.
• NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT.
• CNN: Most Voters Say ‘No Chance’ They’ll Support Biden. Is this the most underreported story in politics?
• Wall Street’s Home-Buying Spree Faces Crackdown.
• Taxes, Tariffs and Debt: Investors Start to Fear the Election.
• Executive Flights on Corporate Jets Worth Millions More Than Reported.
• FCC Fines Wireless Carriers for Sharing Customer Data.
• Rising Food Prices Send More Shoppers to Aldi.

CNBC.com:

• Samsung Electronics’ operating profit jumps 932.8% in first quarter, beats expectations.
• Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a ‘better year’ in 2025.
• Biden administration faces onslaught of lawsuits as business groups claim regulatory overreach.
• Judge rejects J&J, Bristol Myers Squibb challenges to Medicare drug-price negotiations.

Fox News:

• Cops deploy tear gas, mace on anti-Israel mob marching toward iconic university Tower.
• Crackdown looming after investors spent billions buying homes, driving up prices.

TheGatewayPundit.com: 

• CONFIRMED – IT WAS ALL A SETUP: New Evidence Affirms Previous TGP Reporting that Deep State Sent Documents to Mar-a Lago to Set Up Trump.
• Judge Joe Brown Goes Off on Barack Obama and “Lowdown Scummy Bastard” and “Piece of Urban Trailer Park Trash” Joe Biden in Explosive Interview (VIDEO).
• ‘Macron Is Becoming a National Danger!’ Opposition Torches Unpopular French President After His Warmongering Puts Nuclear Weapons Arsenal ‘On the Table’ for European Defense.
• Feds Demand Employers Use Workers’ Preferred Pronouns and Allow Them to Use Bathrooms That Match Their Gender Identity or Face Punishment.
• BREAKING: G7 Countries Including United States Reach Agreement to Shut Down All Coal-Fired Power Plants by 2035.
• VAX INJURED? Healthy 29-Year-Old Woman Gets SHOCKING Diagnosis | Beyond the Headlines.
• JUST IN: Hunter Biden Launches War Against Fox News with Defamation Lawsuit For Airing ‘Revenge Porn’ – Hannity, Bartiromo, Watters Told to Preserve Docs.
• Revealed: Students Around the Country are Paying for the Radical Anti-Israel, Anti-US Protests at Universities Through Their Student Dues (VIDEO).
• Comedian Jerry Seinfeld on How the Left and Being Politically Correct Ruined Comedy “This is the Result of the Extreme Left and P.C. Crap” (Video).
• Un-Informed Anti-Israel Protestors Have No Idea Gays are Routinely Killed in Palestine. Just Listen…
• Infuriating: Beloved 36-Year-Old New York City Firefighter and Military Veteran Dies from a Heart Attack After Being Fired to Pay for Illegal Aliens – Family is Left With Nothing. 
• COVID-19 “Vaccines” Declared BIOLOGICAL WEAPONS by GOP | Elijah Schaffer’s Top 5 (VIDEO).

The Epoch Times:

• US Remains Hostage to China’s Rare Earth Metals Monopoly.

X:

• @FxHedgers

• How long would a full of food Chick-fil-A automated delivery robot last in your city before being robbed? (video)

• @VigilantFox

• The Shocking Truth About Skin Cancer: What You’re Not Being Told About the Sun. Is everything we’ve been told one big fat lie? The answer seems to be a resounding yes. While the public is constantly told to avoid the sun to prevent skin cancer, what they’re not telling you is that sunlight is arguably the most important nutrient for the human body. And get this: avoiding sunlight can double one’s risk of dying prematurely, and it also increases the risk of all other cancers.
  
  

• @NickSortor

• BREAKING: Texas State Troopers in riot gear have arrived to FORCE the anti-Israel encampment to shut down and disperse immediately. This is in STARK contrast to what’s going on at Columbia. (video)

• @OCanonist
  

• The WEF has begun experimenting on German citizens by including ‘insect derivative ingredients’ in supermarket foods. The German people were smart enough to develop apps which allow for scanning products, identifying them. “We will not eat the bugs” has become reality. (video)
  

• @_aussie17

• Japan's Most Senior Oncologist, Prof. Fukushima Condemns mRNA Vaccines as 'Evil Practices of Science'. (video)

• @amuse

• FEDS: Police protecting Patriot Front (definitely not Feds, trust us) and allowing them to load passengers into the back of a U Haul truck? Is it normal for police to facilitate criminal activity? (video)

• @WallStreetSilv

• DEI in medical school admissions is going to result in people dying.

• @InsidePaper

• US eased sanctions on at least 10 Russian banks, including the Central Bank, to allow energy-related operations as energy costs soar, Bloomberg reports.

• @ImMeme0

• Columbia University faculty with orange vest and mask on formed a human line against police to prevent the removal of the encampments. (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 equity indices are unch. to +1.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 111.5 -4.5 basis points.

• China Sovereign CDS 68.75 -2.0 basis points.
  
• China Iron Ore Spot 117.6 USD/Metric Tonne +.3%.

• Bloomberg Emerging Markets Currency Index 39.4 +.09%
• Bloomberg Global Risk-On/Risk Off Index 70.2 +3.2%.
• Volatility Index(VIX) futures 15.2 +.2%.
• Euro Stoxx 50 futures +.04%.

• S&P 500 futures -.05%.

• NASDAQ 100 futures +.04%.  

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 75% net long heading into the day.