Monday Watch

Today's Headlines

Bloomberg:   

• Chinese Stock Investors Lose a Key Indicator to Gauge Sentiment. 
• Westpac Profit Rises as Margin Pressure Shows Signs of Easing. 
• Asia Set for Cautious Start Into Jackson Hole Week.
• Oil Declines at Week’s Open With Gaza Talks and China in Focus.
• Busiest US Ports Absorb Import Surge Nearing Pandemic-Era Frenzy.
• Traders Need Fed Go Sign in Jackson Hole to Keep Stocks Rallying.
• Goldman Cuts US Recession Risk Following Retail Sales, Jobs Data.
• Five Key Charts to Watch in Global Commodity Markets This Week.
• JPMorgan, Aviva Shrug Off EM Rout on Bets for Soft US Landing.
• Fed Chair Powell Steps Into the Spotlight at Jackson Hole.
• Apple Plays the Long Game With Switch From Qualcomm Modems.

Zero Hedge: 

• The Super-Wealthy Have A Problem.
• The Beginning Of The End? Germany To Ban All New Ukraine Military Aid.
• Vast Stretches Of America Are So Depressed That They Look Like Something Out Of A Horror Movie.
• Lebanon Plunged Into Darkness As Last Operational Power Plant Runs Out Of Fuel.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• No signs of a consumer recession, but hedge funds are selling aggressively.
• Are VCs now better at podcasting and bio-hacking than producing returns? 
• A daily $10bn of unemotional buying.
• Chechen Warlord Shows Off Cybertruck With Heavy Machine Gun Turret.
• Catalysts And What Type Of Landing.
• "Wet Winter Whirlwind": Farmers' Almanac Releases New Winter Forecast For US.
• Belarus Says Ukraine Amassing Troops At Border; Zaporizhzhia Nuclear Plant Suffers Drone Attack.
• "Make It Great Like '68": Chicago Businesses Board Up As Protesters Threaten To Shut Down DNC .
• New Video Appears To Show DC Police Units Planting J6 Pipe Bomb.
• Gold Revaluation Is A More Responsible Money Creation Method.
• Kamala Harris' Proposed Price Controls May Lead To "Communism, Mass Starvation, & End Of America".
• Same Sh*t, Different Govt: Channel Migrants Record Daily Crossings For Starmer's Labour.
• Removing The "Great" From Britain.
• New York Times' 'Distorted' Coverage Of CCP Abuses Likely Cost Lives, Report Says. 
• Sen. Scott Urges Commerce Department To Investigate Chinese-Owned Temu.
• Rogan And Quaid Ask: Who's Really Running The Country?
• Many Countries Turning To A "Stateless Currency"... Gold.
• X 'Immediately' Shuts Brazil Office After 'Darth Vader' Threatens Lawyer With 'Secret' Censorship Orders.

Wall Street Journal:

• Clean Fuel Startups Were Supposed to Be the Next Big Thing. Now They Are Collapsing.
• Sam Altman’s Worldcoin Is Battling With Governments Over Your Eyes.
• The CEO Who Made a Fortune While His Hospital Chain Collapsed.
• How University Presidents Plan to Stay in Control.
• Here Comes Kamala’s Mortgage Forgiveness. Her plan to make housing more ‘affordable’ via subsidies will raise prices and create moral hazard.
• Mexico Flirts With Dictatorship. A plan to amend the constitution would end hopes of freedom and prosperity. 
• How Kamala Harris Sees the Economy. Her proposals would lead to slower growth, more inflation, and no relief from the debt crisis. 
• Many Voters in This Swing County Are Sour on the Economy. Here’s What They’re Saying.
• Trump Sees Opening in Battleground Pennsylvania: Courting Disaffected Democrats.
• Berkshire Hathaway Likes Ulta Beauty. Should You?
• China Is Becoming a Money Pit for Foreign Automakers.

CNBC:  

• How Americans are losing their life savings to crypto fraud.
• Here’s why Walgreens and CVS retail pharmacies are struggling — and what they’re doing to fix it.
• Here’s how a week’s worth of huge economic news will affect the Fed’s decision-making.
• To fix Starbucks, incoming CEO Brian Niccol will have to tackle its mobile app problem.
• From Chipotle to Cava, Panda Express, more big restaurant chains rapidly expand into small town U.S.
• 5 money moves to consider before the Federal Reserve’s first rate cut in years.

MarketWatch.com:  

• Stock market’s ‘fragile’ bounce at stake as Powell prepares Jackson Hole speech.
• Kamala Harris says grocery stores are ‘price gouging’ customers. Some skeptics aren’t buying it.
• Palo Alto Networks earnings could hold early clues about the CrowdStrike fallout.
• How to protect yourself if your Social Security number has been exposed.
• Gold prices keep breaking records in 2024. Central banks are driving the rally.

NewsMax:

• Grover Norquist: Harris' Economic Plans a 'Sick Joke'.

Fox News:

• Mayor's message to VP Harris on why Dems should feel privileged to have terror supporters.
• Son of Hamas founder delivers grim warning on why worst is yet to come.
• Liberal New York Times columnist calls Biden's ouster by the one word Dems won't use.
• Large crowd of protesters gather in Chicago as businesses brace for anti-Israel unrest during DNC.

TheGatewayPundit.com:

• JD Vance Reacts to Fake Polls Showing Kamala Harris Dominating Swing States (VIDEO).
• Commie Kamala to Youth Football Team: “You Will Be Undefeated Even If You Don’t Win Every Game” (VIDEO).
• Kamala Harris Drops by Sheetz Gas Station and It’s Just a Bunch of Reporters Who Watch Her Buy a Bag of Doritos by Herself (VIDEO). 
• Democrat Senator Chris Coons Defends Kamala Harris’s Communist Price Controls Scheme That Will Lead to Shortages and Famine (VIDEO).
• Is Kamala Two Sheets in the Wind? Kamala Harris Rattles Off Embarrassing Word Salad About the “Duality to the Nature of Democracy” (VIDEO).
• Department of Defense Preparing for Possible Bio-Chemical Attacks at DNC, Funded De-Contamination Rooms at Hospital.
• REPORT: The Liberal Late Night Shows That No One Watches Are on Their Way Out.
• Elon Musk Shares Devastating Video ‘The Unraveling of Kamala Harris’ on His X Page – Kamala Was So Bad She Folded Before First Primary Contest (VIDEO).
• The Energy is Overwhelming! Small Crowd Shows Up For Kamala Harris and Tim Walz as They Kick Off Their “Road to Chicago” Bus Tour in Pennsylvania (VIDEO).
• CBS News Misleads Public on Migrant Numbers Related to the Biden-Kamala Border Crisis.
• UK Man Sentenced to Three Years in Prison Over Posts He Made on X.
• Figures… Kamala’s ‘Campaign of Joy’ Was Also a Nazi Campaign.
• Milwaukee Police Association Endorses Trump-Vance: ‘It’s Truly a Matter of Life and Death’.
• Report: American Society of Plastic Surgeons Challenges Medical “Consensus” on Transgender Surgeries for Minors.
• QUOTE OF THE DAY… JD Vance: Giving Kamala Harris Control Over Inflation Is Like Giving Jeffrey Epstein Control over Human Trafficking Policy” (VIDEO).
• Illegal Immigration and Poor Government Management Sink Spanish Youth.
• NYC Set to Invest $10 Billion in Supporting Illegal Immigrants Over 3 Years.
• Dems Given Security Warning Ahead of DNC as 100,000 pro-Hamas Agitators are Set to Descend on Chicago, “Very Concerned”.
• Former Trump Advisor Says FBI Raided His Home This Week Because He Criticized Biden’s Ukraine Policy.

Around X:

• @amuse

• SHOCK: After the cancellation of the Taylor Swift concert being targeted by ISIS, Swifties have determined they want a strong leader in the White House. The Swifties For Trump movement is real! (pic)

• @ChuckCallesto

• BOMBSHELL REPORT: Video emerges of Kamala Harris openly telling a crowd she will STEAL A COMPANIES PATENT and take it over.. “I will snatch their patent, so that we will take over.” “I have the will to do it!” (video)

• @KeenanPeachy

• Why don't more people know that there is an app that gives illegals their own SOCIAL SECURITY CARD as soon as they cross the border? WHY ISN'T THIS WIDELY KNOWN. (pic)

• @KylieJaneKremer

• BREAKING NEWS. New headliner for the DNC just announced 𝐃𝐄𝐌𝐎𝐂𝐑𝐀𝐓 𝐀𝐁𝐎𝐑𝐓𝐈𝐎𝐍 𝐁𝐔𝐒. A Mobile Health Clinic by Planned Parenthood Great Rivers will be parked near the DNC on Aug. 19 and Aug. 20. Men and women will have the opportunity to get 𝐟𝐫𝐞𝐞 𝐯𝐚𝐬𝐞𝐜𝐭𝐨𝐦𝐢𝐞𝐬 𝐚𝐧𝐝 𝐚𝐛𝐨𝐫𝐭𝐢𝐨𝐧𝐬 while at the DNC in Chicago. (pic)
  

• @PeterSweden7

• Bill Gates. He is behind 88% of philanthropic donations to the WHO. He donated $1.27 billion to fund the UN Agenda 2030. Why don't you hear hear about this on the news? He donated over $319 million to the mainstream media... Read my exposé.

• @JDunlop1974

• BREAKING : - Kamala Harris and Tim Walz have failed to get over 100 people to her rally in North Carolina. Shouldn't this be on the front page of every newspaper?
• FIRED Wisconsin Election Commission Executive Director Claire Woodall-Vogg xeroxed 64,000 ballots at Milwaukee City Hall, room 501 all in favor of JOE BIDEN. (pic)
• Over 600 Black residents showed up in Chicago to protest their Youth Program being closed down to house illegal immigrants. (video)

• @nicksortor

• The Democrats are currently building a MASSIVE wall around their convention in Chicago. This is PEAK irony. I thought walls were racist, Kamala? What changed? (video)
  

• @MJTruthUltra

• Trump revealed that Kamala Harris and her Husband are Best Friends with the head of NBC and that’s the ONLY Network debate that Kamala Harris will agree to do… Trump agreed to three dates originally. (video)
• What is Happening to America? The Cloward-Piven Strategy. LISTEN to Frances Fox Piven herself in this video… (video)

• @CollinRugg

• NEW: Man who was wrongfully convicted by Kamala Harris says she laughed at him when he was sentenced to 50 years in prison for a crime he didn't commit. Pure evil. (video)

• @JimFergusonUK

• German Police Begin Raiding Homes of Citizens Who Share ‘Non-Mainstream Content’ Online. The German government has unveiled plans to allow police to secretly raid the homes of citizens who view or share non-mainstream content on social media. Der Spiegel and RND reported that the German Federal Criminal Police Office (BKA) may soon be allowed raid homes secretly and without a warrant.
• Getting vaccinated for covid four or more times results in near-complete collapse of the immune system, bombshell study finds. Writer and former New York Times reporter Alex Berenson says he has in his possession evidence from a study showing that covid "booster" vaccines push the immune system over the edge, causing an almost total collapse of immune function.
  

• @BGatesIsaPsycho

• “Bill Gates thinks of himself as God”. Reminder that your children’s Summer time is being stolen, people are getting sick more than ever before & birds/bees & insects are dying at an alarming rate. (video)
• US Southern Border. Streams of illegal migrants continue to cross freely non-stop over Americas Southern border. It’s estimated that over 30 Million unknowns have entered the US since the Biden administration came to power. Again - ALL fighting age military men. (video)

• @kylenabecker
  

• Let me tell you a little story about how Kamala Harris "won" her 2010 election for CA Attorney General. Stop me if you've seen this one before. (pic)
• JUST IN: A former student of Minnesota Governor Tim Walz exposes how much he secretly worships the Communist Chinese. “It was almost a daily revelation of how much he adores the communist regime." (pic)
  

• @libsoftiktok

• Home smokes. The DNC is putting out casting calls and trying to recruit people to act like they support the Democrat Party. They even pay for the actors’ travel. (video)

• @itscarterhughes
  

• WOW! OVER 10,000 ILLEGAL ALIENS USED THE SAME SOCIAL SECURITY NUMBER TO VOTE IN 2020 IN ARIZONA! Congress knew this & certified the results anyway. Share to make this GO VIRAL & MAKE SURE TO: (video)

• @TooBaffled 

• Are these cases of Monkey Pox? Nope They are all adverse reactions to the experimental mRNA Gene Therapy in which millions of people developed Shingles as a known side effect. (pic)

• @TrumpWarRoom

• President Trump visiting PA vs. Kamala visiting PA. (video)

• @WallStreetApes
  

• BlackRock buys up all the homes. - Democrats offer a $25k down payment. - BlackRock skyrockets home prices and pockets your $25k down payment. - You get kicked out of your home thanks to inflated interest rates. That’s called Money laundering on a major league level. (pic)
• Reports That Illegal Migrants Are Being Issued Drivers Licenses All Over America. Just to name a few mentioned, Florida. Tennessee, Utah, Cincinnati Ohio, New York, Massachusetts and more. “Most DMVs in Florida and other states immediately register you to vote when you get a driver's license. That's all I'm saying.” (video)
• Losing The Presidential Election Is No Longer Even An Option For The Democrat Party. Democrats, “I think they're getting exposed left and right — it's not gonna be pretty because they can't lose. If they lose, people are going to prison”. (video)

• @BehizyTweets
  

• BREAKING: Don Lemon went to the DEEP-BLUE state of New Jersey, and almost every voter he spoke to said they were voting for Trump. One guy LAUGHED IN HIS FACE when he tried to claim the economy is better under Kamala Harris than it was under Trump. (video)
  

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,013,375 Reports(+481 from prior report) Through August 2nd, 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 unch. to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 96.25 -1.0 basis point.
  
• China Sovereign CDS 59.75 -1.0 basis point.
• China Iron Ore Spot 93.0 USD/Metric Tonne +1.1%.
  
• Bloomberg Emerging Markets Currency Index 39.1 +.05%.
• Bloomberg Global Risk-On/Risk Off Index 55.2 +3.4%.
• Volatility Index(VIX) futures 15.8 +.6%. 
• Euro Stoxx 50 futures +.21%.
• S&P 500 futures +.18%.
• NASDAQ 100 futures +.30%.

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