Friday Watch

Around X:

• @elonmusk   

• The DOGE subcommittee just discovered $2.7 TRILLION in improper payments in Medicare and Medicaid overseas, to people who should not have gotten it. Well, maybe this explains why the Democrats don’t want @DOGE to investigate. Biggest fraud operation in human history! (video)
• DOD PAID REUTERS $9M FOR "SOCIAL ENGINEERING" PROGRAM DOGE investigations reveal mysterious Defense Department payments to Reuters for "large scale social deception" project between 2018-2022. While DARPA claims it was for cyber defense, questions swirl about why a news agency received millions for "social engineering." Reuters was paid millions of dollars by the US government for “large scale social deception”. That is literally what it says on the purchase order! They’re a total scam. Just wow. (pic)
• Washington DC searches for "lawyer' have increased 400% (data from Google trends). Interesting. (graph) 
• If ANY judge ANYWHERE can stop EVERY Presidential action EVERYWHERE, we do NOT live in a democracy.

• @catturd2

• THEY LIED: COVID NOW OFFICIALLY LESS DEADLY THAN THE FLU—JUST LIKE "CONSPIRACY THEORISTS" SAID ALL ALONG! It was never about public health—it was about control. The CDC’s latest data confirms it: COVID-19 now has a LOWER mortality rate than seasonal flu. Yet, for years, governments locked us down, destroyed businesses, and forced experimental vaccines on millions. Why? To panic the population. To push an agenda. To coerce as many people as possible into taking their shots. We tried to warn everyone but we were called grandma killers and horse paste eaters. We were right about everything.

• @Sultanknish

• How USAID laundered $1.7 Billion to the Taliban. In 2021, the Taliban's bank, controlled by the 'financier of bomb' whose IEDs killed over 1,000 US soldiers showed off millions of dollars in hundred-dollar bills flown in by plane. USAID/State Department denied responsibility.

• @zerohedge

• Huge upward revisions to PPI. Almost as if the previous administration wasn't being exactly honest how bad inflation is. (graph)

• @matt_vanswol

• #BREAKING: The U.S. Army Corps of Engineers confirms it has FULLY REMOVED 50% of ALL debris from the right-of-ways in Western North Carolina. They estimate that 100% of all debris in the right-of-ways will be removed by April 1st. WOW!!!!!!! (video)

• @JoshuaSteinman

• Auto insurance rates in the US have increased by 55% over the past 3 years. That's the biggest 3-year spike since 1975-78. We’re paying for all the illegals driving without insurance. (graph)

• @nicksortor

• #BREAKING: A federal judge has just BLOCKED Trump's executive order banning transgender surgery for minors, per ACLU. This is INSANE. Why are these activists HELLBENT on mutilating children??!

• @WideAwakeMedia

• "They're shutting down the food supply worldwide." "They are saying, to reach our carbon goals, we're going to destroy the ability to produce beef, chicken, eggs, and fish." "This is an act of war against humanity." (video)

• @LaraLogan

• What could possibly go wrong? (pic)

• @MarioNawful

• IRON DOME FOR AMERICA: SDA ACCELERATES MISSILE DEFENSE SATELLITE NETWORK. The U.S. Space Development Agency (SDA) is rapidly aligning its Proliferated Warfighter Space Architecture (PWSA) with the Trump administration’s "Iron Dome for America" initiative, aimed at defending against hypersonic and ballistic missile threats. A new industry call seeks input on integrating SDA’s satellite network into the system, with a 60-day study contract set for award.

• @BennyJohnson

• EPA Administrator Lee Zeldin announces that $20 billion in taxpayer funds were just discovered, laundered into in external financial institutions managed by agents of the Biden Admin to finance left wing NGOs. “$7 billion was sent to an entity called the Climate United Fund.” But Zeldin has now clawed back the money and referred the case to the Department of Justice. Boom. (video)

• @5149jamesLi

• California is about to spend $500 million to DESTROY a dam that supplies water to 600,000 people — in a fire-prone region. That's right — Gavin Newsom is making sure there's LESS water in a state that's short on water. (thread)

• @WarClandestine

• Wow… Trump just accused Biden of starting the war in Ukraine!  For decades, Russia have been clear that NATO membership for Ukraine was a hard red line, yet Biden pushed for membership anyways, provoking Russia. The Deep State are responsible for this war, not Russia. (video)

• @EricLDaugh

• NEW: El Salvador President Nayib Bukele reacts to activist judges overstepping their authority to hamstring Trump and DOGE. "That’s exactly what judges were doing in El Salvador in 2021… So we impeached them all and then proceeded to fix the country."

• @charliebiello

• Price Increases over last 4 years... CPI Medical Care: +9.1% CPI Apparel: +9.3% CPI New Cars: +19.0% CPI Used Cars: +21.5% CPI Food at home: +23.2% CPI Shelter: +24.7% CPI Food away from home: +25.0% CPI Electricity: +29.6% CPI Gas Utilities: +33.6% CPI Gasoline: +34.9% US Home Prices: +39.4% CPI Transportation: +43.5% CPI Fuel Oil: +44.6% CPI Auto Insurance: +60.9% CPI Dozen Eggs: +238%.

• @chadwick_moore

• The Associated Press has taken over $52 Million of government money. (graph)

• @its_The_Dr

• Georgia was STOLEN in several ways, and here's yet ANOTHER example!! Only 2 addresses were used for over 9,000 ILLEGAL votes casted! This is a violation of GA's election laws!!! So why haven't these people been prosecuted??

• @DineshDSouza

• Maxine Waters: “We don’t know what all they have on us.” (video)

Night Trading 

• Asian equity indices are -.25% to +.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 70.5 -.5 basis point.

• China Sovereign CDS 46.0 unch.
  
• China Iron Ore Spot 108.3 USD/Metric Tonne +1.7%

• Bloomberg Emerging Markets Currency Index 37.3 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 74.4 -.7%.
• Volatility Index(VIX) futures 17.3 +.04%.
• Euro Stoxx 50 futures -.33%.

• S&P 500 futures +.12%.

• NASDAQ 100 futures +.12%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity 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.