Wednesday Watch

Around X:

• @elonmusk

• “Do not talk about the Biden matter”. NEW INTERNAL FBI CHAT LOGS SHOW THE FBI IMPOSED A “GAG ORDER” ABOUT THE NY POST STORY ON HUNTER BIDEN’S LAPTOP THE DAY IT CAME OUT. Wow!
• #BREAKING: per CNN, Democrats in Congress now have a whopping 21% approval rating. Democrats are self-combusting. (video)

• @nicksortor

• #BREAKING: Trump-endorsed Randy Fine has won, and will be the next Congressman for Florida’s 6th Congressional district HUGE win for the Trump agenda, as we now have an extra Republican vote in the House LFG! Democrats poured over $10 million into the race, but still got blown out of the water.
• JUST IN: Epstein victim Virginia Giuffre says she has only FOUR DAYS to live after being hit by a bus. Giuffre has accused Prince Andrew of repeatedly r*ping her, via Epstein, as a teen. She’s suffering from kidney failure following the wreck. (video)
  

• @MJTruthUltra

• VINDICATED! Florida Makes History Banning Weather Modification on the State, passing Bill HB477 with Unanimous 17-0 Vote! “I’m not here to make you believe Chemtrails exist…” but it does, and they’ve been spraying harmful chemicals and heavy metals on us, our food, our crops, and it causes major health issues. Details about the bill:

• @catturd2

• Is there anything more worthless on planet earth than the Republican Congress? ZERO President Trump’s executive orders passed into law with the majority. Another week of rogue judges destroying our agenda. Another week of a handful of Republicans voting with Democrats. Another week off for the laziest people in the USA. All you guys care about is your own pet projects.

• @LeadingReport

• BREAKING: Elon Musk says the U.S. government “deleted a terabyte of financial data to cover their crimes,” but “they don’t understand technology, so we recovered it.”

• @ImMeme0

• BREAKING: Project Veritas’ undercover video exposes a covert rebellion within NASA and the State Department, where employees are defying President Trump’s executive orders to dismantle DEI initiatives by rebranding them under new names. “They cancelled DEI stuff, but people just did it and called it something else. Work around the rules.” (video)

• @WallStreetApes

• Hundreds of people showed up to the courthouse to show their outrage for Texas allowing an all Muslim City to be built called Epic City. “Locals poured in by the hundreds complaining loud, we will not accept this”. UPDATE: Epic City responded. “Nobody’s gonna stop what’s coming”. They are moving forward, “If you look at Epic City YouTube page, they've already already responded saying Nobody's gonna stop what's coming and they're not backing down and they're not gonna stop. They seem to imply that funding's in place.” “It looks like some local government, the local mayor and other local people may be involved”. (video)

• @charliekirk11

• A young man was just rejected from every college he applied to except for UMass Amherst despite a 1580 SAT, being valedictorian of his class, getting 18 5s on AP tests, and having his own startup website making thousands of dollars a year. Obviously, this kid is talented enough to succeed without needing any credential. But why are we giving hundreds of billions of dollars to universities so stupid they won't offer this kid an admission because of his skin color (and let's be honest, that's why he was rejected everywhere)? Defund the college scam.

• @Liz_churchill10

• THIS was Marine Le Pen winning her first round as France outright rejected WEF’s Macron. THIS is why they’re banning her from elections and why she’s being sent to Prison. (video)

• @MikeBenzCyber

• Unreal. They took out the opposition. Marine Le Pen, who is currently leading in opinion polls for the 2027 election in France, has been sentenced to 4 years in prison and banned from running in the next election. If people perceive — rightly — that democracy is a farce, & anyone who runs against the order will be arrested, they’ll not only want to tear it down, they’ll seek an honest autocracy over false democracy. (pic)
  

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 82.5 +3.75 basis points.

• China Sovereign CDS 51.5 +.5 basis point.
  
• China Iron Ore Spot 103.0 USD/Metric Tonne +.06%

• Bloomberg Emerging Markets Currency Index 36.8 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 68.6 +.1%.
• Volatility Index(VIX) futures 20.7 +.9%.
• Euro Stoxx 50 futures -.29%.

• S&P 500 futures -.08%.

• NASDAQ 100 futures -.09%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.