Tuesday Watch

Evening Headlines

Bloomberg:

• Modi Awaits Fate as Indian Markets Already Cheer Third Term Win.
• Mexican Peso Extends Loss to 2% After Landslide Election Win.
• Bond Yields Slide on US Data; Asian Stocks to Fall.
• Oil Holds Near Four-Month Low as OPEC+ Plan Spurs Supply Concern.
• Traders Push Treasuries Higher as Data Reinforces Fed Cut Bets.
• Andrew Left, Burned in 2021 Meme Mania, Is Short GameStop Again.
• Short Sellers in Danger of Extinction After Crushing Stock Gains. 
• Five Things You Need to Know to Start Your Day: Asia.

Zerohedge:  

• Fauci Squirms During GOP Grilling Over COVID, Pandemic Response.
• Post-Conviction Polls Show Increase In Support For Trump.
• Cycling Has Shifted To A Higher Gear Since COVID.
• Software Update "Glitch" Blamed For NYSE Market Break That Sparked Berkshire Wipe Out, Trading Halt Cascade.
• Hedge Funds Dump Chinese Stocks At The Fastest Pace In Almost A Year
• Magnesium Deficiency Linked To Metabolic Syndrome – Here's How To Boost Intake.
• Trump Makes Big Promise On Gaza War To UFC Superstar Khabib.
• The India Stock Story Is More Than Just What Happens This Week.
• Massive Australian Truck Convoy Protests Live Sheep Export Ban.
• Shorts In Hibernation.
• Rubio's Coastal Grill Closing 48 Locations In California Due To "Rising Costs Of Business In The State".
• US stocks ultimately finished the Monday session mixed. Growth fears initially weighed on sentiment after the US Manufacturing ISM headline fell by more than expected - Newsquawk Asia-Pac Market Open.
• "The Ninnies Of Biden-World Seem Not To Understand...".
• Stocks chop and yields flop after soft ISM - Newsquawk US Market Wrap.
• Stocks Slide, Bonds Bid As Crude Crumbles.
• Rand Paul Warns Of "War In The Streets" Coming From Trump Verdict.

Wall Street Journal:

• Mexico Ruling Party’s Election Sweep Spooks Markets.
• Biden to Issue Order on Southern Border, Limiting Asylum.
• In America, Anyone Can Be a Felon. People who mouth the cliché that ‘no one is above the law’ should be careful what they wish for.
• Now the Trump Jurors Can Be Told. Without the limits placed on witness testimony, they can now learn why the case was faulty. 
• New York Set to Restrict Social-Media Algorithms for Teens.
• Hunter Biden’s Trial: Crack Cocaine, a Colt Cobra Revolver and an Alleged Lie.
• The U.S. Gave Chip Makers Billions. Now Comes the Hard Part.
• Retailers Hate That You Buy Big Things on Your Laptop.
• 35 Years After Tiananmen, China’s Conduct Again Triggers Alarm.
• China Is ‘Prepositioning’ for Future Cyberattacks—and the New NSA Chief Is Worried.

CNBC.com:

• Jim Cramer explains why Dell is a buy on the dip.
• Google cuts at least 100 jobs across fast-growing cloud unit, sources say.
• Microsoft confirms layoffs in mixed reality but will keep selling its HoloLens 2 headsets.
• Trump campaign and RNC say they raised $141 million in May.
• Spotify raises prices of premium subscription plans.
• Jeffrey Epstein victim sues psychiatrist Henry Jarecki for alleged rape, sex trafficking.
  

MarketWatch.com: 

• Investors tempted by latest meme-stock rally should see these charts before jumping in.
• Mexican peso, ETFs slammed after ruling party’s election win. Here’s what’s worrying investors. 
• Nvidia speeds up its AI-chip roadmap, next-generation Rubin platform coming in 2026.

Newsmax:  

• Biden to Veto 'Partisan' GOP Bill That Would Fund the VA.
• Rep. McCormick: Would 'Love to See' Fauci Jailed.

Fox News:

• White House hopeful RFK Jr. wants Americans to pay dramatically more for a gallon of gas.
• Trump camp reveals explosive May fundraising haul after New York guilty verdict.

TheGatewayPundit.com:

• WATCH: Triggered Democrats Send Hearing into Chaos When Marjorie Taylor Greene Refuses to Address “Mr. Fauci” as ‘Doctor’ While Ripping Him Over His Evil Experiments and Lies.
• LEGEND: J6er Who was Sentenced to Three Years in Prison Steals the Show During Fauci Hearing — His Reaction to Fauci’s Alleged Threat Discussion Will Have You Rolling! (VIDEO).
• Jury Selected on Hunter’s Federal Trial Jury — Potential Juror Dismissed for Believing Trump is a Victim of Political Persecution and Unequal Treatment.
• Activision’s ‘Call of Duty’ Video Game Offers Transgender Bullets, Rainbow Themed Assault Weapons For Pride Month.
• Sandy Hook Families Ask Judge To Liquidate Alex Jones’ Media Company After Feds Attempt To Shut Down Infowars.
• JUST IN: Biden Regime Indicts Epoch Times Chief Financial Officer in Alleged $67 Million ‘Money Laundering’ Scheme.
• EPIC! Marjorie Taylor Greene SNAPS! – Goes Off on George Floyd Worshipping Democrats – Calls for Fauci to Be Tried for Mass Murder and Crimes Against Humanity (VIDEO).
• ‘They Would Put Him in a Double-Wide Somewhere’ – James Comey Fantasizes About Trump Being Thrown in Jail For Non-Crimes (VIDEO).
• Clinton Judge Sentences 75-Year-Old Pro-Life Activist with ‘Significant Health Issues’ to Two Years in Prison for Peacefully Protesting Abortion Clinic.
• Dallas Cowboys Legend and Super Bowl Champion Larry Allen ‘Dies Suddenly’ at 52.
• Irrefutable Proof: New Video Exposes How Capital Police Orchestrated Stampede that Killed Roseanne Boyland on January 6.
• Jay Leno Gives Hilarious Response When Asked If He’s Done Bullet Test on Cybertruck, “Yeah, Just Drive Around L.A.” (VIDEO).
• A Leftist ‘Climate Scientist’ and COVID Pandemic Hardliner, Former Mexico City Mayor Claudia Sheinbaum Elected First Woman President of Mexico. 
• Warning: Chicago Watchdog Groups Says City is Unprepared for Protestors Ahead of DNC.
• California Sheriff ‘Changing Teams,’ Going All-In for Trump. 
• Two NYPD Officers Shot in Queens By 19-Year-Old Illegal Alien From Venezuela… Living at Taxpayer Funded Luxury Hotel!
• A BILLION VOTERS HAVE SPOKEN! Indian PM Modi Scores a Gigantic Win in the World’s Largest Democratic Election Where Voter ID Is Required, and Will Serve Historic Third Term.
• Trump Announces He Will Declassify Files on Epstein, JFK, and 9/11 (VIDEO).

The Epoch Times:

• CCP Faction Trying to Incite Chinese Leader to Attack Taiwan: Professor.
• Lawmakers Seek Status of Report From Biden Administration on Chinese Crane Threats at US Ports.

Around X:

• @TheBabylonBee

• New York Prosecutor Says Nobody In America Is Above The Law He Made Up To Convict Them.

• @libsoftiktok
  

• This woman has been in court for 4 years because she flew Trump flags near a Biden campaign bus. The Biden regime uses lawfare to come after their political opponents. (video)

• @newstart_2024

• Bret Weinstein: "When we began to spread the word about the WHO's obscene power grab, the director general released a statement. He said the unprecedented concentration of power under consideration of the WHO was not a breach of the sovereignty of our nations. He called that misinformation, because he argued our democratic governance would be working on our behalf to hand veto power over our rights and liberties to the director general... (video)
• Triangle pharmaceutical company to produce bird flu vaccines. Source: CBS 17. (video)
• Steve Kirsch: "The vaccines actually killed more people than the virus did...I'm looking forward to a day when a vaccine that has killed more than 10 million people worldwide is actually taken off the market." Source: “We Are The Change” Rally in Geneva. (video)

• @CollinRugg
  

• NEW: Shark Tank's Kevin O'Leary declares the U.S. has sunk to the level of a banana republic, warns of a financial "exodus.". The comments by O'Leary were made in a piece with the Daily Mail. Here is what he said:
• REPORT: Dr. Fauci, who is accused of lying under oath, admits he made up covid rules including social distancing & masks for children despite not having scientific data to back it up. I'm still waiting for the 'no one is above the law' crowd to go after Fauci. (pic)
• REPORT: The National Institutes of Health and its scientists received $710 *million* in royalties from the covid pandemic. Meanwhile, the 'Justice' system is trying to throw the 2024 republican candidate in prison for a bookkeeping error. (video)

• @kylenabecker

• JUST IN: @RepMTG is *NOT* going along with the Uniparty's script to let Fauci off the hook. "That man does not deserve to have a license. He belongs in prison." (video)

• @JamesMelville

• The World Health Assembly delegates have agreed to adopt the World Health Organisation (WHO) International Health Regulations Amendments and finalise the WHO Pandemic Treaty “within a year, or earlier if possible in 2024”. Nothing has been fully ratified yet. So, put pressure on your governments and politicians to fully scrutinise this, debate this and ultimately reject this undemocratic power grab by unelected technocrats. (pic)
  

• @WallStreetApes 

• Breakdown Of The 150+ Pages Of Internal COVID 19 Emails Released. This is CRAZY!! NIH (National Institute of Health) emails show high up members were actively telling each other NOT to email from their NIH email addresses to avoid Freedom of Information Act Requests!! (video)
• Almost Everything You’ve Noticed Change In America Can Be Traced Back To Barack Obama. In 1992, A Real Communist Party USA Meeting Was Held In California At The University Of Berkeley. Many Of The Attendees Ended Up Working In The Barack Obama Administration A Full Communist Agenda and how they would achieve their goal would be to “Use the environmental movement to take down the free enterprise system in America.” This should be extremely eye opening for everyone. We are living through their agenda. (video)

• @LeadingReport
  

• BREAKING: Fauci was informed that hydroxychloroquine was being effectively used to treat COVID-19 in China on March 16, 2020, yet he continued to publicly criticize the drug, according to a released email.

• @Bubblebathgirl
  

• Joe Biden said Friday that “no one is above the law.” Here’s Hunter Biden weighing crack on a scale and arguing with an underage prostįtute he hired. When’s Hunter being indicted for blatant illegal drug possession and human sęx trafficking of minors? (video)

• @BarbaraOneiLLAU
  

• SWITZERLAND IS THE FIRST COUNTRY IN THE WORLD TO BAN MAMOGRAPHY. Screening services are also suspended in parts of Canada, Italy, Scotland, and Australia. (pic)
  

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 -.75% to unch. on average.

• Asia Ex-Japan Investment Grade CDS Index 95.25 -1.5 basis points.

• China Sovereign CDS 61.5 -1.0 basis point.
  
• China Iron Ore Spot 111.4 USD/Metric Tonne +1.3%.

• Bloomberg Emerging Markets Currency Index 39.8 +.03%.
• Bloomberg Global Risk-On/Risk Off Index 65.4 +1.3%.
• Volatility Index(VIX) futures 14.5 -.09%.
• Euro Stoxx 50 futures -.04%.

• S&P 500 futures +.10%.

• NASDAQ 100 futures +.09%.  

Morning Preview Links

BOTTOM LINE: Asian indices are modestly 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 100% net long heading into the day.