Evening Headlines

Bloomberg:

• Trump’s Conviction Is a Grim Sign for US Politics.
• S&P 500 Spikes in Final 20 Minutes of US Trading.
• The Dollar’s Rally Falters as Signs of Cooling Ease Fed Fears.
• Wall Street’s Hedging Trades in Danger in an Event-Filled Week.
• Bonds Rally as Inflation Gauge Sustains Fed Rate-Cut Outlook.
• Buybacks Reach $201 Billion, a Record for May, Data Show. 
• Wall Street Billionaires Are Rushing to Back Trump, Verdict Be Damned.
• Renewed Volatility Grips US Markets as May Ends.
• Job Seekers Brave AI Bots, Interviewing Nightmares in Tougher Labor Market.

Zero Hedge:

• "I Just Donated $300k To Trump".
• France Foils Planned Attack On Paris Olympics; Israel's Mossad Warns Of Terrorism Ahead Of Games .
• "A Full-Scale War Isn't A Foregone Conclusion", Warns Russian Think Tank Head.
• Reuters Claims Trump Supporters Want 'Riots And Violent Retribution' Following Trump Verdict.
• White House Lied To Congress About Israel-Gaza, Per Official Resigning In Protest.
• Kim Jong Un Oversees Massive Missile Launch 'Preemptive Attack' Drills.
• Trump Verdict Seen As 'Pivotal Moment' For Undecided Voters.
• Houthis Report 16 Dead In Biggest Joint US-UK Airstrikes Since Gaza War Began.
• Dennis Quaid Praises Donald Trump: 'I Think I’m Gonna Vote For Him'.
• Fed F**kery Turns $98BN (NSA) Large Bank Deposit Outflow Into $2BN Inflow.
• Monster month-end rally sees stocks close green - Newsquawk Market Wrap.
• Gloat While You Still Can: "This Is The 'All-In-Lost' Moment".
• Rate-Cut Hopes Resurrected As 'Hard' Data Slides: Stocks, Gold, Oil, & Crypto Dumped.
• 'Time For This War To End': Biden's Gaza Speech Aimed At Israeli Hardliners.
• Gain-of-Function May Explain Bird Flu Jump To Cows And Humans.
• Goldman Flows Guru Bullish: "Technical Supply Eases Today At The Close".

Wall Street Journal:  

• What Happened After I Stopped Taking a Weight-Loss Drug.
• Boston Beer in Talks to Sell Itself to Jim Beam Owner Suntory.
• When Past Performance Doesn’t Even Predict Past Performance.
• Biden Urges Israel and Hamas to Accept Cease-Fire Proposal.
• A Guilty Verdict for Trump and Its Consequences for the Country. District Attorney Alvin Bragg inaugurates a new and destabilizing era of American politics.
• Commercial Property Meltdown Clobbers Pension Funds.
• Worried About Forever Chemicals, Bacteria or Viruses in Your Water? This Bottle Can Help.

CNBC:

• Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May.
• The Fed’s preferred inflation measure rose 0.2% in April, as expected.
• Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback.
• Mike Tyson’s Netflix fight with Jake Paul has been postponed after Tyson’s health episode.

MarketWatch.com:

• Opinion: Stocks are set to break out of a trading range — one way or another.
• Artificial intelligence could change the way you buy or sell your next house.
• Autodesk’s stock rallies 6% as internal audit eases accounting concern.
• Why Dell’s stock had its worst day since 2018 despite strong AI demand.

NewsMax:  

• Trump's Potential VPs Sound Off on a 'Rigged' Conviction.
• Trump: Dems 'Can Do This to Anyone'.
• RNC Head Whatley: Trial a 'Weaponization of Judiciary'.

Fox News:

• Ex-Clinton adviser predicts judge will sentence Trump to jail: ‘Trying to take him out of presidential race’.
• Biden responds when asked if he's worried about being taken to court after Trump conviction.
• Famed legal scholar warns of what ‘joke’ Trump verdict will unleash.
• Stephen A. Smith reacts to Trump’s guilty verdict, says it ‘all points to civil war’.

TheGatewayPundit.com: 

• GOP Senators Revolt: Ten Lawmakers to Boycott Passing Bills with Democrats, Citing White House’s ‘Un-American’ Actions and Rule of Law ‘Mockery’.
• WATCH: J.D. Vance Puts Wolf Blitzer in His Place After CNN Anchor Declares Trump a “Convicted Felon” and Whines About Trump Calling America a “Fascist State”.
• Celebrities and Athletes Flood Social Media With Posts Supporting Trump Following Guilty Verdict.
• Mich. Democrats Passing Laws to Make Systemic Voter Fraud Easier, Harder to Catch.
• Victor Reacts: The President of the United States is PROUD to Make Political Prisoners (VIDEO).
• DeSantis Responds to Trump’s Guilty Verdict – ‘Kangaroo Court’.
• Billionaire Hedge Fund Manager, Longtime Democrat Donor Bill Ackman Set to Endorse Donald Trump.
• PURE EVIL: Dictator Biden Smirks When Asked About Trump Being a Political Prisoner by the Regime (VIDEO).
• Pandora’s Box Opened! Kash Patel Calls On GOP to Unleash Subpoenas on Judge Merchan’s Family and DA Bragg in Wake of Trump’s ‘Unconstitutional’ Verdict.
• “It’s Going to Backfire on Democrats” – They Have a Candidate “That Cannot Win Fair and Square” – Robert Kennedy Jr. Speaks Out Against Democrat Party’s Disgusting Show Trial and Verdicts Against Trump (VIDEO).
• WAYNE ROOT: Democrats Just Woke the Sleeping Giant, Proved Who the Real Dictator is, and Turned Trump into “America’s Nelson Mandela”.
• JUST IN: Sen. Joe Manchin Has Officially Left the Democratic Party in Wake of Trump Guilty Verdict.

Epoch Times:

• CCP’s Spying Operations in Western Countries Exposed.

Around X:

• @elonmusk

• Hard to view this as anything other than abuse of the law for political purposes.

• @BGatesIsaPsycho

• Legacy Media are getting desperate - literally begging you to believe Human induced Climate Change is real. If they’re so sure - then why don’t they ever allow a real scientific debate on the issue? They don’t because they would quickly be exposed.

• @DowdEdward
  

• While the Trump indictment overwhelms the news, sounds like a serious escalation that will force a potentially devastating counter move by Putin. Curious Timing. Biden secretly gave Ukraine permission to strike inside Russia with US weapons - POLITICO.

• @TwinTowerCity

• PRECEDENTS ESTABLISHED BY PRESIDENT TRUMP.

• @wideawake_media

• I don't seem to remember seeing myocarditis adverts being targeted at children until after the roll-out of the experimental mRNA injections. Do you? (video)
• Australian police: "Police will be the source of truth, and not social media and misinformation." This is the kind of statement I'd expect from the CCP, or North Korea. When did Australia become so brazenly authoritarian? (video)

• @TheThe1776

• This New Yorker was on the fence and is not a Trump Supporter, but is now all in and will Vote Trump 2024 after the Democrats convicted Trump: “My mind was not made up before, but it’s definitely made up now and I will definitely be voting for Donald Trump because of the weaponization of the legal system is so blatant and this corruption can not stand… Because if you can do something like this to the former President of the United States, just imagine people, imagine what they can do to us…” (video)

• @WallStreetApes

• They convicted Donald Trump of 34 felonies before a single client on Jeffrey Epstein’s List was arrested.
• WHISTLEBLOWER: People Are Being Denied Organ Transplants For Not Being Covid 19 Vaccinated. This Is Nicole Sirotek, She’s An American Frontline Nurse. She has the 2024 patient denial papers to prove it.
  

• @RonRule

• We now have precisely the government our founders warned us about.

• @EmeraldRobinson
  

• Remember: Democrats just rigged a jury conviction against Trump so that the uniparty in Washington can pass the Raskin bill to keep Trump from holding office. Wake up - the hour is much later than you think.
• The vast majority of GOP voters believe that America will be saved from its current crisis by the re-election of President Trump in November. What happens when Democrats illegally prevent you from doing that? You better think about it. Soon.

• @ImMeme0

• I know that a lot of Americans, especially Democrats won’t understand why this Trump supporter is so upset. For us, it's not just about Trump. Immigrants like us who escaped communism are alarmed because we see communism taking hold in America right now. Once the U.S. is gone, there's nowhere left to run! (video)

• @simonateba

• IN FULL - AUDIO: Listen To Judge Juan Merchan's Jury Instructions In The Trump Manhattan Criminal Trial Ahead Of Verdict. NOTE: Amid outright lies, I have provided the full transcript and audio version of the jury instructions. You can listen while driving or working out. Full Transcript here: (audio)

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,010,545 Reports(+992 from prior report) Through April 26th, 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.

Weekly Scoreboard*

S&P 500 5,277.5 +.2%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 38,686.3 -.97%

• NASDAQ 16,735.0 -.01%

• Russell 2000 2,070.1 +1.1%

• NYSE FANG+ 10,322.1 -.89%

• Goldman 50 Most Shorted 169.5 +4.6%

• Wilshire 5000 52,354.3 +.14%

• Russell 1000 Growth 3,440.3 -.4%

• Russell 1000 Value 1,737.96 +.7%

• S&P 500 Consumer Staples 824.2 +.33%

• Bloomberg Cyclicals/Defensives Index 234.7 -1.2%
  

• NYSE Technology 4,795.06 -1.8%

• Transports 15,238.3 +1.5%

• Utilities 946.4 +2.4%

• Bloomberg European Bank/Financial Services 108.46 +.49%
  

• MSCI Emerging Markets 41.7 -2.7%

• Credit Suisse AllHedge Long/Short Equity Index 211.17 +.09%

• Credit Suisse AllHedge Equity Market Neutral Index 110.9 -.16%

Sentiment/Internals

• NYSE Cumulative A/D Line 500,216 -.04%
• Nasdaq/NYSE Volume Ratio 3.3 -56.0%

• Bloomberg New Highs-Lows Index 41 -202
  

• Crude Oil Commercial Bullish % Net Position -28.1 -5.4%

• CFTC Oil Net Speculative Position 219,300 +8.0%

• CFTC Oil Total Open Interest 1,784,152 -.2%

• Total Put/Call .96 -3.0%

• OEX Put/Call 1.19 -4.2%

• ISE Sentiment 130.0 -20.0 points
  

• NYSE Arms .85 -26.7%
  
• Bloomberg Global Risk-On/Risk-Off Index 66.5 +1.5%
• Bloomberg US Financial Conditions Index .82 -16.0 basis points
  
• Bloomberg European Financial Conditions Index .98 -2.0 basis points
  

• Volatility(VIX) 12.9 +1.2%
• DJIA Intraday % Swing .82 +59.4%

• CBOE S&P 500 3M Implied Correlation Index 12.5 -9.7%

• G7 Currency Volatility (VXY) 6.84 +.59%
  

• Emerging Markets Currency Volatility (EM-VXY) 6.9 +2.2%

• Smart Money Flow Index 17,060.3 -3.7%
• NAAIM Exposure Index  92.2 -2.3
  

• ICI Money Mkt Mutual Fund Assets $3.636 Trillion -40.0%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$7.255 Million

• AAII % Bulls 39.0 -17.0%

• AAII % Bears 26.7 +1.5%
• CNN Fear & Greed Index 42.0 (FEAR) -9.0

Futures Spot Prices

• CRB Index 290.16 -.76%

• Crude Oil 77.08/bbl. -.06%

• Reformulated Gasoline 242.60 -1.98%

• Natural Gas 2.59 -3.1%
• Dutch TTF Nat Gas(European benchmark) 34.2 euros/megawatt-hour +.7%
  

• Heating Oil 236.6 -2.2% 
• Newcastle Coal 140.3 (1,000/metric ton) +2.0%
  

• Gold 2,321.9 -.4%
• Silver 30.2 +.11%
  

• S&P GSCI Industrial Metals Index 490.4 -.43%

• Copper 460.70 -3.5%

• US No. 1 Heavy Melt Scrap Steel 381.0 USD/Metric Tonne +.53%

• China Iron Ore Spot 113.6 USD/Metric Tonne -4.6%

• CME Lumber  508.0 -4.6%

• UBS-Bloomberg Agriculture 1,498.4 -1.5%
• US Gulf NOLA Potash Spot 295.0 USD/Short Ton -.8%
  

Economy

• Atlanta Fed GDPNow 2Q Forecast +2.7% -80.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 23.9% +.1 percentage point
  

• NY Fed Real-Time Weekly Economic Index 2.21 +31.6%

• US Economic Policy Uncertainty Index 102.5 +71.7%
• S&P 500 Current Quarter EPS Growth Rate YoY(490 of 500 reporting) +7.8% +2.5 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 257.63 +1.83:  Growth Rate +13.0% -1.7 percentage points, P/E 20.2 -.5
  
• S&P 500 Current Year Estimated Profit Margin 12.88% -2.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +52.9% +15.7 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 329.75 +2.39: Growth Rate +23.0% -13.2 percentage points, P/E 30.9 -.9
  

• Citi US Economic Surprise Index -7.6 +3.3 points

• Citi Eurozone Economic Surprise Index 27.5 +1.5 points

• Citi Emerging Markets Economic Surprise Index 15.3 -4.5 points

• Fed Fund Futures imply 0.0%(unch.) chance of -25.0 basis point cut to 5.0-5.25%, 98.7%(-.4 percentage point) chance of no change, 1.3%(+.4 percentage point) chance of +25.0 basis point hike to 5.5-5.75% on 6/12
  

• US Dollar Index 104.68 -.38%

• MSCI Emerging Markets Currency Index 1,726.0 -.32%
  

• Bitcoin/USD 67,294.5 -2.0%

• Euro/Yen Carry Return Index 186.5 +.26%
  

• Yield Curve(2s/10s) -38.5 +2.25 basis points
  

• 10-Year US Treasury Yield 4.51% +4.0 basis points
  

• Federal Reserve's Balance Sheet $7.248 Trillion -.21%
  
• Federal Reserve's Discount Window Usage $6.669 Billion +1.5%
• Federal Reserve's Bank Term Funding Program $108.249 Billion -.69%
  

• U.S. Sovereign Debt Credit Default Swap 41.2 +.7%
  

• Illinois Municipal Debt Credit Default Swap 190.89 -.57%
  

• Italian/German 10Y Yld Spread 131.0 unch.
  
• UK Sovereign Debt Credit Default Swap 23.6 -2.8%
  

• China Sovereign Debt Credit Default Swap 62.5 +2.7%
  

• Brazil Sovereign Debt Credit Default Swap 142.8 -3.3%
  

• Israel Sovereign Debt Credit Default Swap 126.5 +.6%

• South Korea Sovereign Debt Credit Default Swap 35.2 +1.1%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.7 -.5%
• China High-Yield Real Estate Total Return Index 101.5 -1.5%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +5.5% unch.
  
• Zillow US All Homes Rent Index YoY +3.7% unch.
  
• US Urban Consumers Food CPI YoY +2.2% unch.
  
• CPI Core Services Ex-Shelter YoY +5.1% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +2.69% -5.0 basis points: CPI YoY +3.36% -3.0 basis points
  
• 1-Year TIPS Spread 1.94% -6.0 basis points
  

• Treasury Repo 3M T-Bill Spread 7.75 basis points -1.75 basis points
  
• 2-Year SOFR Swap Spread -9.5 -.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -1.75 +1.0 basis point
  

• N. America Investment Grade Credit Default Swap Index 50.2 +1.8%
  

• America Energy Sector High-Yield Credit Default Swap Index 111.0 -1.8% 
• Bloomberg TRACE # Distressed Bonds Traded 266.0 -36.0
  

• European Financial Sector Credit Default Swap Index 58.96 +.67%
• Deutsche Bank Subordinated 5Y Credit Default Swap 164.4 -1.1%

• Emerging Markets Credit Default Swap Index 162.87 -.43%
  

• MBS 5/10 Treasury Spread 143.0 +3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 732.0 -1.0 basis point
  
• Avg. Auto ABS OAS .57 -2.0 basis points
  

• M2 Money Supply YoY % Change +.6% +90.0 basis points
  

• Commercial Paper Outstanding $1,279.8B +.1%

• 4-Week Moving Average of Jobless Claims 222,500 +1.1%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 50.3 -1.4%
  

• Average 30-Year Fixed Home Mortgage Rate 7.35% +2.0 basis points
  

• Weekly Mortgage Applications 190,300 -5.8%

• Weekly Retail Sales +6.0% +10.0 basis points
  
• OpenTable US Seated Diners % Change YoY n/a
  
• Box Office Weekly Gross $129.5M +.36%
  

• Nationwide Gas $3.56/gallon -.04/gallon

• Baltic Dry Index 1,801.0 +.28%
• Drewry World Container Freight Index $4,226.5/40 ft Box +3.79%
  

• China (Export) Containerized Freight Index 1,495.98 +7.69%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 40.0 -11.1%
  
• Truckstop.com Market Demand Index 61.2 -5.8%

• Rail Freight Carloads 267,488 +2.6%
• TSA Total Traveler Throughput 2,652,394 +9.2%
  

Best Performing Style

• Small-Cap Value +.7%
  

Worst Performing Style

•  Mid-Cap Growth -2.4%

Leading Sectors

• Alt Energy +4.6%

• Telecom +4.5%
• Retail +4.2%
  

• Networking +2.0%
  

• Oil Service +1.8%
  

Lagging Sectors

• Steel -2.3%
  

• Computer Services -4.1%
  

• Cybersecurity -4.5%

• Internet -4.9%
  

• Software -6.6%
  

Weekly High-Volume Stock Gainers (12)

• GPS, PENN, AMBA, CZR, USM, AMSC, VFC, ZIM, RARE, JWN, GDEN and COCO
  

Weekly High-Volume Stock Losers (21)

• TRMD, TIMB, GTLB, SNOW, NTNX, IMVT, CLS, COHR, PSTG, AMED, IOT, OWL, VRT, DDOG, PAYC, VEEV, MRVL, S, PHR, DELL and MDB
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (CM)/1.24

After the Close: 

• (GTLB)/-.04
  

Economic Releases

10:00 am EST

• Construction Spending for April is estimated to rise +.2% versus a -.2% decline in March. 
• ISM Manufacturing for May is estimated to rise to 49.7 versus 49.2 in April.
• ISM Prices Paid for May is estimated to fall to 60.0 versus 60.9 in April.
  

Afternoon:

• Wards Total Vehicle Sales for May is estimated to rise to 15.8M versus 15.74M in April.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The OPEC meeting, Atlanta Fed GDPNow Q2 update, RBC Energy/Power/Infra Conference, Stifel Cross Sector Insight Conference, American Society of Clinical Oncology Meeting, William Blair Growth Stock Conference, (UNH) annual meeting, (JNPR) annual meeting, (BKNG) annual meeting, (ZG) annual meeting and the Baird Consumer/Tech/Services Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -3.6% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 13.0 -3.1
  
• 5 Sectors Declining, 6 Sectors Rising
• 66.3% of Issues Advancing, 31.8% Declining 
• TRIN/Arms 1.65 +61.8%
  
• Non-Block Money Flow +$41.5M
  
• 69 New 52-Week Highs, 21 New Lows
• 58.3% (+2.5%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 44.0 +1.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 64.9 -.7%
• Bloomberg Cyclicals/Defensives Index 234.0 -.91%
  
• Russell 1000: Growth/Value 19,335.2 -1.2%
• CNN Fear & Greed Index 42.0 (FEAR) -6.0
  
• 1-Day Vix 10.4 -16.3%
  
• Vix 14.5 -.07%
  
• Total Put/Call .90 -10.0%

Friday Watch

Around X:

• @TuckerCarlson

• Import the Third World, become the Third World. That’s what we just saw. This won’t stop Trump. He’ll win the election if he’s not killed first. But it does mark the end of the fairest justice system in the world. Anyone who defends this verdict is a danger to you and your family.

• @Brreaking911

• BREAKING: Biden partially lifts ban on Ukraine using US arms in strikes on Russian territory to defend Kharkiv, US officials say - AP.

• @wideawake_media

• "It will be known as the biggest crime to ever have been committed on mankind." According to German MEP Christine Anderson, the global roll-out of mRNA Covid "vaccines" will go down "as the biggest medical scandal ever." (video)
• Nothing to see here. Just an electric bus being charged by a massive diesel generator. It's almost like the whole thing is a giant scam. (video)
• MIC DROP: Peter Hitchens exposes the farcical nature of Net Zero, to the horror of BBC Question Time panellists and audience members. "We didn't just close down our coal fired power stations, we blew them up, we were so certain we were right to do so. At the same time, China is building the equivalent of two new coal fired power stations a week. India has a vast expansion programme of coal fired power stations." (video)
  

• @BehizyTweets
  

• BREAKING: A Democrat in the California State Senate just STUNNED the entire floor with her fiery speech against her own party. “I’m done. I’m done with us protecting people who would buy and abuse our children.” “I don’t want people buying little girls anymore. And I’m tired of saying it’s okay and that we have to protect the men who do it.” (video)

• @P_McCulloughMD

• Unnecessary, preemptive culling or mass destruction of poultry/livestock ordered by state authorities is the threat, not the H5N1 virus itself. Food-crisis will be man-made via government orders, not because of biological threat. Migratory bird will continue to re-infect farms, must let bird flu run its course and develop natural immunity. Culling/vaccination useless.

• @glennbeck  

• This sham of a trial as well as judge and jury for #trump will be remembered as either: The Trial that marked the end of America, or the spark that woke her to how far we have fallen. I am betting on the latter.
• There are 7 conditions that must be met for a color revolution to successfully topple a government and it all must revolve around a national election. Well, this election season in America, ALL 7 are met. (video)

• @VigilantFox 

• Dr. McCullough warns the bird flu response is a GIANT threat to the food supply. “They’re coming on farms with hazmat suits doing mass PCR testing of healthy animals. All that’s going to do is raise a false case count and create orders for MASS CULLING.” It gets worse. @P_McCulloughMD says, “They want mass vaccination.” The FDA has already cleared the Audenz bird flu vaccine WITHOUT human trial data. Even worse, CEPI (Coalition for Epidemic Preparedness Innovations) currently has a self-replicating vaccine specifically for bird flu. (video)

• @WallStreetApes 

• WOAH! The Donald Trump Trial Is RIGGED. NBCNews Senior Legal Correspondent, Laura Jarrett: “Trump's jury has 50+ pages of instructions to follow but the jury does NOT get this in the deliberation room”. (video)
• Democrats Just Convicted Donald Trump Of 34 Felonies. Here’s Congressman Byron Donalds on National TV saying they’ve found 20 Shell Companies for Joe Biden & Hunter Biden used for money laundering. “We’re up to over 20 shell companies”. America’s Two-Tier Justice System. (video)

• @ClownWorld_
  

• Iranian supreme leader has a message for the protestors. This is a real post.

• @BGatesIsaPsycho 

• “Imagine a population so brainwashed that you could convince them to be so terrified of a virus they’ve never seen, while spraying them in broad daylight only for them to deny it’s happening because no-one on TV told them it was”. (video)
• Agenda 21 Explained. “Anyone with a couple of acres of land, who grow their own food, have sheep or chickens - these people are a threat”. (video)

• @MJTruthUltra

• A Massive Fire at an Illinois Farm Kills Millions of Chickens — Notice a pattern yet? • Marina Farms is one of the largest free-range egg facilities in the country. • Some of the structures, 300ft away from each other were mysteriously on fire as well.. • It was not immediately clear what caused the fire. Ooooof course… Are you kidding me? Last night, this, and now Iowa announces they’re killing 4 million chickens because of “Bird Flu”. (video)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,010,545 Reports(+992 from prior report) Through April 26th, 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 95.5 +2.0 basis points.

• China Sovereign CDS 61.75 +.5 basis point.
  
• China Iron Ore Spot 115.5 USD/Metric Tonne -.16%.

• Bloomberg Emerging Markets Currency Index 39.7 unch.
• Bloomberg Global Risk-On/Risk Off Index 67.0 +2.4%.
• Volatility Index(VIX) futures 14.5 +1.6%.
• Euro Stoxx 50 futures -.16%.

• S&P 500 futures -.30%.

• NASDAQ 100 futures -.50%.  

Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modesty lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.