Wednesday Watch

Around X:

• @elonmusk

• WHO’S PAYING TO BURN TESLAS? DOJ & CONGRESS PROBING THE MONEY TRAIL. The Molotov attacks on Tesla dealerships weren’t just mindless rage—they were coordinated, armed, and funded. Now, the Department of Justice is digging deeper. Investigators are pursuing not just the arsonists, but also the shadowy networks that may have financed the crimes. The House DOGE Subcommittee has formally called on the DOJ and FBI to expose any NGOs, activist fronts, or political donors fueling anti-Tesla violence. FAFO time.
• DOGE: Biden issued nearly 4M SSNs to non-citizens provided just five months after filing asylum claims in the mail, no interview, and no ID check. As a result, they can access benefits like Medicaid (1.3M) and get driver’s licenses. Crazy. (video)
• Trump with X. (video)

• @LauraLoomer

• Well, now we know why the Democrats want to keep sending so much aid to Ukraine. I guess now we also see why Democrats were so silent over Ukraine making HIT LISTS of American journalists and politicians who opposed sending more aid to Ukraine. The Ukrainian flag should be banned from flying in Congress. I don’t want to see anymore US elected officials wearing a stupid Ukraine pin. Send them to the front lines if they love Ukraine so much.

• @WallStreetApes

• Glenn Beck says when he visits Washington, he’s told by Congress reps to leave his phone and electronics because “The CIA is monitoring everything that we're doing in Congress. They're monitoring all of us”. “We've been threatened behind closed doors — threatened by the CIA”. “I've been to Washington. I don't know how many times in the last five years I've had congressmen ask me, can you leave your cell phone outside? Let's go for a walk. You're carrying any electronics? Do you have an Apple Watch? No, I don't. Okay. And then they'll say, outside as we're walking, quietly, the CIA is monitoring everything that we're doing in Congress. They're monitoring all of us. And two of them have told me we've been threatened behind closed doors, we've been threatened by the CIA. That was a little scary to hear that. And I've heard it over and over and over again.” (video)
• PAID TO PROTEST positions are being posted on Craigslist. A huge amount of the new positions being posted everywhere ARE TO PROTEST “CASH PAID”. (pic)

• @zerohedge

• Yeah... hi, just checking in again here @federalreserve because, well, things have gotten a little bit out of hand. (graph)
• Trump Weighs Drone Strikes On Mexican Cartel Terrorists Amid Major Hemispheric Defense Push. 
• RFK Jr. Says He Will Tell CDC To Stop Recommending Fluoride In Municipal Water.
• The yuan is absolutely disintegrating. Expect 8 handle if tariffs go live at midnight. (graph)

• @LaraLogan

• It is amazing that people who are worried about the stock market do not seem bothered at all that the U.S. no longer makes gunpowder.

• @NicHulscher 

• BREAKING: 85-Million-Person Study Finds Increased Risks of Stroke, Heart Attack, Coronary Artery Disease, and Arrhythmia Following COVID-19 Vaccination (mRNA/Viral Vector). Stroke (+240% after 1st dose). Heart Attack (+286% after 2nd dose). Coronary Artery Disease (+244% after 2nd dose). Arrhythmia (+199% after 1st dose). This robust analysis compared over 46 million vaccinated individuals to a massive unvaccinated control group of nearly 40 million people—strengthening the evidence of harm. As each day passes, a new study is published that reveals the serious harms of the COVID-19 genetic countermeasures. They must be removed from global markets immediately.

• @matt_vanswol

• #BREAKING: The NC Supreme Court has BLOCKED a ruling demanding that 65,000 voters prove their identity after it was uncovered that some NC voters actually voted overseas without ANY FORM OF IDENTIFICATION. Allison Riggs, a democrat, won her NC Supreme Court race by 734 votes. (video)

• @catturd2 

• One of the biggest sellout frauds in US history. I have no doubt - Trump hater and snake Mitch McConnell sold her as a conservative to Trump to rush her nomination through just to use her as a plant to protect the deep state against Trump’s agenda. She’s a total bought and paid for leftist puppet.

• @DC_Draino

• “Cartels should stay in America”. (pic)

• @JimFergusonUK 

• REMINDER: VIKTOR ORBÁN WARNED US — MASS MIGRATION IS NO ACCIDENT. Hungarian PM Viktor Orbán said it plainly: “The European Union has been captured by George Soros and the globalists.” This isn’t compassion. It’s engineered chaos. A deliberate strategy to destabilize European nations, flood borders, and erase cultural identity.Streets no longer safeCities overwhelmedLeaders silent — or complicit And the architect behind it? George Soros. 
• 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. Globalism is cracking. Sovereignty is rising. Welcome to the Great American Reset. (video)

• @NiohBerg

• Amazing: Fed up New Yorkers are throwing dog sh*t at pro-'Palestine' disruptors. This is what you get for spending 18 months making normal life miserable for everyone. Well done, NYC. (video)

• @Sino_Market

• Source: China Poised to Unveil Six Major Countermeasures in Response to U.S. Tariff Threats. Niutanqin, a WeChat account affiliated with state news agency Xinhua: According to sources, China has prepared at least six major countermeasures against U.S. Tariffs: 1. Significant tariff increases on U.S. agricultural products such as soybeans and sorghum. 2. Banning import of U.S. poultry into China. 3. Suspending Sino-U.S. cooperation on fentanyl-related issues. 4. Countermeasures in the service trade sector. 5. Banning the import of U.S. films into China. 6. Investigating the intellectual property benefits of U.S. companies operating in China.

Night Trading 

• Asian equity indices are -2.75% to -1.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 130.75 +23.5 basis points.

• China Sovereign CDS 84.75 +11.25 basis points.
  
• China Iron Ore Spot 93.6 USD/Metric Tonne -1.3%

• Bloomberg Emerging Markets Currency Index 36.3 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 36.7 -2.1%.
• Volatility Index(VIX) futures 34.0 +8.2%.
• Euro Stoxx 50 futures -4.3%.

• S&P 500 futures -1.9%.

• NASDAQ 100 futures -2.1%.  

Morning Preview Links

BOTTOM LINE: Asian indices are sharply lower, weighed down by consumer discretionary and commodity shares in the region. I expect US stocks to open lower and maintain losses into the afternoon.  The Portfolio is market neutral heading into the day.