Monday Watch

Today's Headlines

Bloomberg:     

• Massive Interest Burden Haunts $29 Trillion Emerging Debt Pile. 
• ECB’s Kazaks Warns Against Going Too Far With Interest-Rate Cuts.
• Korean Won, Stocks Take Spotlight After Impeachment Vote.
• Bayrou to Meet Le Pen as Efforts to Form French Government Begin.
• Asian Stocks in Tight Range Before China Data Dump.
• Oil Holds Weekly Gain After US Signals Tighter Russia Sanctions.
• Dollar’s Trump-Fueled Gains Face a Reality Check Late Next Year.
• Luigi Mangione’s Defense to Hinge on Mindset, Emotion, Evidence.
• Biden Plans Measures on AI, Clemency and Lands in Final Stretch. 
• Mayorkas Sees No Imminent Drone Threat, Calls for Wider Powers. 
• Too Many Democrats Still Don’t Get the Working Class.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• New Theory: NJ Drone Sightings May Be "Nuclear Sniffers" Following Elevated NYC Radiation Levels.
• Police In China Test Indestructible Ball Shaped Robot That Can "Identify And Chase Suspects".
• Trump Considers Privatizing US Postal Service That Lost $9.5 Billion In FY2024.
• This Week's Fed Meeting Is Barely On The Radar Screen.
• Bird Or Drone? Mystery Behind What Struck AAL Flight 1722 During Departure From NYC.
• Jordan Peterson Flees "Totalitarian Hellhole" Canada For U.S. Due To Censorship, Taxes.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Pelosi Recovering After Hip Surgery In Europe.
• "Falling Off A Cliff": This Chart Proves That We Are In A Major Economic Downturn Right Now.
• Is Google's Willow Processor A Threat To Bitcoin?
• Georgia's New President, An Ex-Soccer Player, Solidifies Anti-EU Leadership.
• Morgan Stanley: These Are The Five Most Important Questions For Next Year.
• US In 'Direct Contact' With Designated Terror Group HTS, Blinken Admits.
• 20 (Or So) Obvious Questions About January 6.
• Goldman Trader's 2024 Review: What Mattered Most & What's Next...
• Come Hell Or Hyperinflation.
• Is Copper Still The 'New Oil'?
• NATO Head Says "Wartime Mindset" Needed; Redirect "Pensions, Health, Social Security" To Military Spending.
• These Are The Countries With The Highest Food Inflation In 2024.
• Peace In Ukraine.
• Online Shopping: Charting The Holiday Surge.
• ADHD Or Something Else? One In 4 Adults Are Self-Diagnosing.
• Video Games Have Become Rife With DEI And Some Fans Aren’t Buying It. 
• Saudi 2034 Selection Raises Eyebrows As Global Footprint Of FIFA World Cup Grows.
• 'Gladiator II' Is A MAGA Metaphor.

Wall Street Journal:

• The Drugs Young Bankers Use to Get Through the Day—and Night.
• Apple Plans Thinner, Foldable iPhones to Revive Growth.
• Luigi Mangione and America’s Growing Resentment of Corporate Power.
• The Trouble With Searching Google for ‘the Best’.
• Are You Ultrarich, Rich or Merely Affluent? It Makes a Big Difference for Your Bank.
• Older Americans Are Moving to Myrtle Beach Faster Than Anywhere Else.
• Yes to Text Messages, No to Video: What Counts as a Will.
• 33 Last-Minute Holiday Gifts That Don’t Feel Rushed.

CNBC:  

• Why the FBI wants you to use end-to-end encrypted messaging.
• Amazon and the endangered future of the middle manager.
• Senate plans to vote on bill that would increase Social Security benefits for some pensioners.
• Majority of Americans are ready to support Trump and large parts of his agenda, says CNBC survey.
• From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter.
• Top Wall Street analysts believe in the long-term prospects of these stocks. 
• How China’s satellite megaprojects are challenging Elon Musk’s Starlink.

MarketWatch.com:  

• The stock market is up 27% ahead of the final Fed meeting of the year. But is a correction overdue? 
• After history-making investment, private-equity firm Ares is on the hunt for more NFL team stakes.

NewsMax:

• As Drone Sightings Surge, Experts Suggest Classified Technology.
• Fmr CIA Officer: Drones May Be 'Classified Exercise'.
• Fred Fleitz: Larger Drones Likely From Military, CIA.

Fox News:

• Hard hit western NC braces for winter after many still displaced from hurricane-ravaged homes.
• Biden admin’s statements reveal the truth about drones, former CIA officer alleges.
• Top NYC mayor adviser resigns suddenly, ditching 'brother' Adams after phone seizure.
• Gleaton Jones, former Georgia running back national champion, dead at 21.

TheGatewayPundit.com:

• Sen. Lisa Murkowski Panics Over Accountability to Voters for Blocking Trump’s Cabinet Picks: ‘Don’t Get on Santa’s Naughty List or We Will Primary You’.
• NATURE IS HEALING: Legendary Comedian Chris Rock Roasts Woke Liberals Freaking Out Over Trump Winning and Takes a Savage Dig at Bill Clinton During SNL Performance (VIDEO).
• Judicial Watch FOIA Bombshell: How the Biden State Dept. Let YouTuber Gonzalo Lira Die in Ukrainian Prison.
• WHAT A LIAR: Disgraced DHS Secretary Alejandro Mayorkas Makes an OUTRAGOUS Statement on ABC Regarding Why Americans are Seeing Drones as He Plays Down the Sightings (VIDEO).
• Dismantling Lies: Report Finds Hamas Used Inflated Gaza Death Figures That Included Natural Deaths and Cancer to Stoke Anti-Israel Sentiments.
• The recent Consumer Price Index (CPI) Report has Sparked Intense Discussions about the Future of the Federal Reserve’s Monetary Policy in the US.
• WHOOPS: Adam Schiff Accidently Reveals the Best Reason to Approve the Great Kash Patel as FBI Director as He Bashes Him on ABC (VIDEO).
• The Great Big Drone Psyop – Who Is Running the UAV Invasion, and Why?
• Zuckerberg, Bezos Among Tech Giants Kowtowing to Trump, But Don’t Be Fooled by Their Friendly Gestures.
• WATCH: CNN Panel Goes Completely Insane when Scott Jennings Hits Caitlin Clark for Going Woke and Exposes a Brutal Truth about the WNBA.
• Drone Forces Shut Down Airport in New York as Invasion Spreads – Disgraced New York Governor Kathy Hochul Calls Out Biden Regime in Response.
• DNC Megadonor Says Democrats Have ‘Stench of Loser’ Hanging Over Party: ‘People Are Pissed at Obama’ (VIDEO).

The Epoch Times:

• US Indo-Pacific Air Bases Vulnerable to Chinese Missile Attacks: Report.

Around X:

• @elonmusk

• Tap on the box with a slash for Grok to explain any post. (pic)

• @Songpinganq
  

• Hangzhou city. Police in China now are equipped with robot dogs, drones, self-driving cars, which are equipped with facial recognition cameras and net guns to search and arrest anyone consider as Enemy of the State. (video)
• Chinese RoboCop equipped with infrared as well as facial recognition camera. His helmet can measure temperature from up to five meters away, and can scan QR code to verify vaccine passport. If your vaccine passport expires or you have a fever, he can send you to a quarantine camp. (video)

• @ScottAdamsSays

• My current drone theory: Drones are the future of warfare. We expect a drone war soon, in Iran or elsewhere. Our supply of drones far exceeds our supply of drone pilots. We need massive training, and fast. DEI is probably a factor. It wouldn’t make sense to train in a country where a downed drone could be captured and reverse engineered. Makes sense to train in America, for that and other practical reasons. The training is at night because the future missions will mostly be at night. The drones are so reliable there is no real risk of one crashing in an urban area. The military already routinely flies over populated areas. The public is not told why we need to suddenly and massively train drone pilots because it would tip off enemies and cause too much public outcry.

• @RWMaloneMD
  

• WARNING: Another Federal PsyWar campaign in progress: Based on the recent statements from Mayorkas/DHS, it is likely that the drones in NJ are just this another federal psyops/PsyWar campaign to get Congress to pass the Counter-UAS Authority Security, Safety, and Reauthorization Act that are "currently are limited and they are set to expire" (per Mayorkas). Mayorkas on ABC News today - “It is critical, as we all have said for a number of years, that we need from Congress additional authorities to address the drone situation, our authorities currently are limited and they are set to expire. We need them extended and expanded.” We want state and local authorities to also have the ability to counter growing activity under federal supervision..."

• @MarioNawful

• MAINSTREAM MEDIA’S OBSESSION WITH RACE: DIVIDING AMERICA ONE ARTICLE AT A TIME. A closer look at outlets like The New York Times and The Washington Post shows an explosion of racially charged buzzwords—“systemic racism,” “white privilege,” and more—dominating headlines over the past decade. This so-called “Great Racial Awakening” has reshaped white liberal attitudes, steering them toward hyper-progressive views on race. This narrative isn’t about unity—it’s about creating divisions and weaponizing identity politics. (graph)
  

• @LauraLoomer
  

• James Comer @RepJamesComer is on Fox News right now simping for AOC, saying he “endorses her” to be on the Oversight committee. Says he’s part of the “AOC fan club”. We are so cooked. We have the absolute worst leadership in the GOP. It’s so embarrassing. He’s a clown.

• @ImMeme0

• HOLY SH*T!! Guy on TikTok is pitching his new “The Most Wanted CEOs” playing cards set. In the comments, people are not only praising the idea and want to order it, but they’ve also turned their attention to Elon Musk. Protect Elon at all costs. (video)

• @goddeketal

• Oh look, red meat is healthy after all. Been screaming this from the rooftops for years! (pic)
  

• @louietraub

• First they forced everyone to get it. Then they censored anyone injured by it. Now they’re sabotaging the incoming administration to delay recourse and protect Big Pharma. Words can’t begin to express the unprecedented and unconscionable cruelty of this administration.

• @DerrickEvans4WV

• This video is allegedly taken from an airplane about 10 minutes before they arrived at LaGuardia Airport in New York. This drone is WAY too close to the flight path. This is dangerous. (video)

• @WallStreetApes
  

• I believe we just stumbled upon what’s really happening with the “drones” being spotted everywhere. ‘The last words of NASA Physicist Wernher Von Braun’. This explains everything that is going on right now and everything that’s led up to these events in SHOCKING detail. Listen to this, every step of this has actually played out. (video)
• Michigan State Representative Jamie Thompson says “Michigan House Republicans have just walked off the floor”. “We are in a period of lame duck — The Democrats are cramming through 100s upon 100s of insane bills that are gonna destroy the state of Michigan” Democrats are about to lose Majority in the State of Michigan, so they’re going to flood the state with their radical agendas on the way out. “Today was it. We had enough. We got up and we walked out.” (video)
• Rep Tim Burchett says Congress just passed half a billion in foreign aid KNOWING American voters don’t want it. Openly telling us we’re being SOLD OUT TO LOBBYISTS. “We just passed the NDAA, National Defense Authorization Act. I voted against it. There's a half a billion in there, literally, of foreign aid. That's kinda what y'all voted in such large numbers against.” “This is not what you all voted for. You have members, family members that are lobbyists on this stuff.” - Going to pay for people to travel around to get abortions. - More transgender initiatives. - $9 billion dollars sent and passed in the senate. “I mean, it is just totally awful”. (video)
  

• @Resist_CBDC
  

• Following global pushback on the WHO Pandemic Treaty, the UN regrouped to adopt much of the same policy in the “Pact For The Future.” With zero debate. (video)

• @ShadowofEzra
  

• UnitedHealthcare CEO killing suspect Luigi Mangione and Sean ‘Diddy’ Combs’ lawyers are married. (pic)
  

• @IGSquawk 

• Weekend markets update: #DAX 18530 +0.15% #DOW 39805 +0.08% #NASDAQ 18274 +0.15% #FTSE 7979 +0.18% #HANGSENG 16635 +0.23% #GBPUSD 12623 0.00% #EURUSD 10792 -0.01% #USDJPY 15136 +0.00%.

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,021,130 Reports(+5,083 from prior report) Through November 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 +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 70.0 +.5 basis point.
  
• China Sovereign CDS 61.0 -.25 basis point.
• China Iron Ore Spot 104.4 USD/Metric Tonne +.4%.
  
• Bloomberg Emerging Markets Currency Index 37.4 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 69.1 +.4%.
• Volatility Index(VIX) futures 16.3 +.1%. 
• Euro Stoxx 50 futures +.14%.
• S&P 500 futures +.05%.
• NASDAQ 100 futures +.01%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and healthcare 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 week.