Tuesday Watch

Around X:

• @elonmusk

• BREAKING: The man who was arrested by police with a blowtorch near the Kenneth Fire in West Hills, California, has been identified as, Juan Manuel Sierra-Leyva, and is an illegal alien. (video)
  

• @FFAFamily

• There’s no celebrities talking about North Carolina. Residents in North Carolina weren’t getting in their cars to drive to their next property. Residents there are living in hotels & tents. Hotels that FEMA is pulling funding for. It’s snowing & the low will be 18° tonight. (video)
  

• @GardensR4Health

• Serious WNC Update. WNC is facing a major CRISIS Tuesday. 3000 Helene victims will lose their FEMA hotel vouchers and be homeless. It’s a dead ass Appalachian winter until March! NC: over 156,000 homes lost/damaged CA: under 13,000 homes lost. Huge magnitude difference as WNC got completely DISFIGURED topographically. Yet, NC didn’t get near the federal aid as CA. Why? Because CA has a lot of rich/famous victims. WNC is “just” mountain people. (video)

• @NickSortor

• #BREAKING: A fire has broken out at Marine Corps Air Station Miramar near San Diego. Helicopters are currently attempting to fight the fire by dropping water. The spread is now being listed as “moderate”. (video)
• JUST IN: ANOTHER man has been arrested for arson after he was caught ACTIVELY lighting fires in LA County, per Irwindale PD. The man successfully lit one fire which could be seen from the freeway, and when firefighters responded, they spotted him trying to light MORE. WHO ARE THESE PEOPLE? Why aren’t we hearing much about them at all? (video)

• @BuzzPatterson

• 8 Ukrainian Generals' Mansions Burned Down in Los Angeles. Why do Ukrainian generals have mansions in LA? (pic)

• @WallStreetApes

• Los Angeles Fire Department chief Kristin Crowley lists amount of out of service LA Fire Department equipment: - 40 fire engines - 36 rescue ambulances - 10 of our trucks also out of service - Close to 15%-20% of our fleet. How could Gavin Newsom and Karen Bass let this happen? (video)

• @CollinRugg

• NEW: LA Times owner Dr. Patrick Soon-Shiong says it was a mistake for his paper to endorse Karen Bass, says competent people should be elected, not professional politicians. While I'm glad people are waking up, this is not some profound concept. "We endorsed Karen Bass. I think right now, that's a mistake. And we admit that." "I think we were one of the few to say competence matters... the interesting thing is that maybe we should think about how we elect people on the basis of did they actually run a job?" "Did they actually make a payroll? Do they understand what it is?" "Rather than having professional politicians whose only job is ready to run for office." (video)

• @WallStreetMav

• When Joe Biden and Janet Yellen arrived in January 2021, they had $1.6 trillion in cash in the US govt bank acct. They are leaving Trump with only $600 billion and the debt ceiling preventing Trump's administration from borrowing anything. This was done intentionally. Yellen could have borrowing during December 2024 to increase cash balances before the debt ceiling snapped back into effect on January 1, 2025. Former Speaker McCarthy gave Biden and Yellen an unlimited debt ceiling (2023 deal) until Jan 1, 2025. Janet Yellen intentionally spent down cash in Nov and Dec 2024 and purposefully arranged a debt crisis for Trump. (graph)
• Fauci's govt security was cancelled. He now has to pay for private security. (pic)

• @MarioNawful

• FRIEDBERG: STATE FARM COMPLETELY STOPPED WRITING FIRE POLICIES IN PALISADES. “Earlier this year, State Farm pulled out of Palisades. They stopped writing fire insurance in Palisades. They canceled 1,600 policies in the exact neighborhood that just burned down.” (video)
• FIREFIGHTERS CATCH SUSPECT LIGHTING FIRES IN SAN GABRIEL VALLEY. Firefighters in Irwindale caught a man actively setting fires near Rivergrade Road and the 605 Freeway on Sunday afternoon, leading to his arrest for arson. The suspect, identified as 29-year-old Ruben Montes of Baldwin Park, was detained by Irwindale Police after L.A. County Fire Department crews witnessed him igniting flames while responding to a nearby brush fire.
  

• @ImMeme0
  

• Whitney Cummings shares her friend’s LA arson story who says that “someone is trying to encircle Los Angeles, a few people cashing in on insurance but someone wants to burn this place to the ground and get the land or cover the tunnels.” Tunnels? (video)

• @houmanhemmati

• THIS SHOULD FRIGHTEN YOU: @GavinNewsom said re: his “Marshall Plan”: “We already have a team reimagining LA 2.0.” WHAT? He’s ALREADY had that team. Pre-fire. This means no single family zoning, public transit for ALL, equity/climate/DEI agenda. We need new leaders, not a new LA. LA isn’t perfect but it’s just FINE. It’s NEWSOM who’s responsible for many of our problems. He’s the LAST person to fix them. And no he’s NOT using the loss of much of LA as an opportunity (as he did with COVID) to create a “new normal.” YOU weren’t elected to reimagine ANYTHING. You were elected to keep us safe (failed), manage our taxes responsibly (failed), educate kids (failed)… Your term is over, either by resignation or recall. Either way, pack your bags. (video)

• @TomHoman_
  

• News: We created a system where those who are now in America happily watch it burn and even dance to it in celebration. Los Angeles, California is burning all around this Arab group yet they happily dance to their music while watching it all unfold. This is just another product of the failed Biden administration’s policies. Unfortunately more people who want to see the destruction of America are already here because of him too. And they come in every race, ethnicity, and nationality! (video)

• @EndWokeness

• Governor Newsom: "It is misinformation to say I depleted the water supply to protect salmon". Governor Newsom 1 year ago: (video)
• Governor Newsom just approved $50+ million to sue Trump, after cutting fire prevention by $100 million…
  

• @MJTruthUltra

• We’re Going to have to Address the Rising Instance of Cancer in Relation to Covid Vaccines — says LA TImes Owner. “For the first time in my career, I’ve seen an 8, 9, and 10 year-old with colon cancer. First time in my career, I’ve had a 13-year-old child in my clinic due metastatic pancreatic cancer. ..We have to face reality… the good news is we can do something about it…> I’m excited about the next four years bringing this information across…”. (video)

• @TaraBull808

• Notice Gavin Newsom's body language discussing 'land grabs'. (video)

• @BehizyTweets

• BREAKING: Congresswoman Marjorie Taylor Greene says there is currently "unauthorized drone activity" over the White House... a week before President Trump's Inauguration. "I just flew into DCA. Before landing, our pilot announced he had to fly in from another direction due to “unauthorized drone activity” over the White House." Can this BS end fast? I don't want to be hearing about any drones while I'm at the Inauguration. We need a break. (pic)
  

• @catturd2

• Climate change is a hoax. (pic)

• @catsscareme2021
  

• Wow! A must watch. This will blow you away. "Top Scientist Sounds Alarm as Traces of Covid 'Vaccines' Found in Cancer Tumors". (video)

Night Trading 

• Asian equity indices are -.5% to +.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 82.0 +.25 basis point.

• China Sovereign CDS 61.25 -.5 basis point.
  
• China Iron Ore Spot 99.7 USD/Metric Tonne +1.0%

• Bloomberg Emerging Markets Currency Index 36.79 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 73.2 +.8%.
• Volatility Index(VIX) futures 18.7 -1.2%.
• Euro Stoxx 50 futures +.64%.

• S&P 500 futures +.26%.

• NASDAQ 100 futures +.39%.  

Morning Preview Links

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