Thursday Watch

Around X:

• @elonmusk

• President Trump recognizes that economic security is national security. We must reclaim control of the manufacturing, production and supply chains of critical supplies and resources to finally put America First after decades of abuse. (video)
• TERROR: Senator Schumer refused to criticize attacks on Tesla stores, employees, and customers; but willingly criticized Musk for cutting waste, fraud, and abuse from government. Terrible. (video)
• DOGE: The NIH has been quietly funding a nonprofit that sends direct messages to hundreds of minors’ cellphones, promoting content on “sex toys,” “lesbian sex,” and transgender sex—while actively urging these children not to inform their parents. (pic)

• @MarioNawfal

• U.S. INTELLIGENCE LOOKING INTO FBI’S ROLE IN JAN. 6 CAPITOL ATTACK. Top spy official Joseph Kent confirmed the intelligence community is actively investigating whether the FBI played a role in the January 6 Capitol breach. Kent, chief of staff to DNI Tulsi Gabbard, during his Senate confirmation hearing: 
• BREAKING: CHINA SAYS IT'S OPEN TO TALKS BUT WILL “FIGHT TO THE END” IF U.S. WON’T COMPROMISE. Beijing says it is willing to negotiate on tariffs, but vows continued retaliation if Washington refuses to shift course.
  

• @WallStreetApes

• 1) TODAY: Tim Burchett says Democrats are voting AGAINST the 'No Tax Dollars for Terrorists’ bill that would stop the $40 million in American taxpayer money sent to the Taliban EACH WEEK. 2) Interview with a CIA Agent explains exactly how the US takes over $40 million in cash every single week to hand to the Taliban and how it’s distributed. (video)
• Barack Obama has become filthy rich, Megyn Kelly says his net worth doesn’t make sense. “He did 2 terms as president and off of that he's made himself over $100 million, almost $100 million, probably over. To be honest, we don't know all of the earnings. (video)

• @zerohedge

• Hedge Fund L/S net exposure is the lowest in 9 years. (graph)
• Goldman Calls "US Recession" At 12:57pm; 73 Minutes Later Rescinds Recession Call. (pic)
• *TREASURIES EXTEND GAIN ACROSS CURVE, 10-YEAR YIELD DOWN 6BPS.
  

• @NicHulscher

• BREAKING: Criminal Referral Requests Filed Against Fauci and Top COVID Officials in Seven States. Arizona and Pennsylvania join growing list as victims accuse federal health leaders of murder, assault, abuse, and medical terrorism over COVID-era policies.

• @GlobalMktOberv

• US debt-to-GDP ratio is projected to hit a mind-blowing 156%. The federal debt would hit a RECORD $138 trillion. The worst part is this forecast does not assume a recession. (graph)

• @FreeSpeechAmer 

• Meta whistleblower gives her opening speech: "I saw Meta executives repeatedly undermine U.S. national security and betray American values." (video)
• Sen. @HawleyMO: "Did Facebook actually brief members of the CCP on Artificial Intelligence to your knowledge?" Sarah Williams: "Yes Senator." (video)

• @MarioNawful

• BREAKING: FBI, DOJ REPORTEDLY GIVEN EVIDENCE TYING BIDEN ADMIN TO JACK SMITH'S TRUMP PROBE. FBI Director Kash Patel and U.S. Attorney General Pam Bondi have reportedly received evidence suggesting the Biden administration directly influenced Special Counsel Jack Smith’s January 6 investigation into Trump.

• @mattgaetz 

• Benz is usually right about everything. So the fact that he’s 95 percent sure our government was involved with the Trump assassin is terrifying. Here is his reasoning. (video)

• @JimFerguson

• UK GLENN BECK: “THIS IS THE GREAT RESET… OF THE GREAT RESET.” “We elected Donald Trump because we didn't want globalism.” “He’s resetting the system — and it’s going to be America First.” “This is an economic revolution.” Forget Davos. Forget Klaus Schwab.The real reset is happening right now — and it’s RED, WHITE & BLUE.

• @MikeBenzCyber

• This is absolutely insane. The Event 201 tabletop exercise playing out a bat-borne Coronavirus being released in China was held THE EXACT SAME DAY as the start of the Wuhan World Military Games: October 18, 2019. (pic)

Night Trading 

• Asian equity indices are +4.0% to +6.0% on average.

• Asia Ex-Japan Investment Grade CDS Index 111.75 -19.0 basis points.

• China Sovereign CDS 77.25 -7.5 basis points.
  
• China Iron Ore Spot 96.2 USD/Metric Tonne +1.7%

• Bloomberg Emerging Markets Currency Index 36.5 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 53.3 +1.8%.
• Volatility Index(VIX) futures 25.4 +.6%.
• Euro Stoxx 50 futures +8.6%.

• S&P 500 futures +.1%.

• NASDAQ 100 futures -.3%.  

Morning Preview Links

BOTTOM LINE: Asian indices are sharply higher, boosted by technology and consumer discretionary shares in the region. I expect US stocks to open modestly lower and rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.