Thursday Watch

Around X:

• @Business  

• In a speech at the World Economic Forum in Davos, Donald Trump made his case for the US acquiring Greenland.
• Investors who bought into this week’s Treasuries selloff are reaping the reward after President Donald Trump backed off his threat to slap new tariffs on European allies as part of his push to acquire Greenland. 
• South Korea’s stock benchmark advanced to cross the 5,000 target set by President Lee Jae Myung, as AI‑driven demand powers the tech‑heavy market. 
• South Korea isn’t delaying the first planned $20 billion tranche of its US investment commitments as part of a trade deal framework, says Finance Minister Koo Yun Cheol.
• Global semiconductor stocks advanced, as comments by Nvidia CEO Jensen Huang at Davos helped reinforce investor enthusiasm for the AI trade.
• The dollar retains its supremacy in global trade despite the persistent uncertainty associated with US President Donald Trump’s policies.
• A sweeping US crypto market bill is likely to be delayed by at least several weeks as key lawmakers shift their focus to potential housing legislation in support of President Trump’s affordability push, according to sources.
• Get up to speed on what's moving global markets.
• Here's what you need to know to start your day.

• @ZeroHedge

• Justice Jackson Cites Racist 'Black Codes' As Precedent To Justify Gun Control In Hawaii.
• New Jersey Governor Orders State To Accelerate Solar, Storage And Virtual Power Plants.
• TL/DR: Al Gore, who made a fortune grifting the green scam, heckled Lutnick for telling the truth.  
• *KOREA'S KOSPI GAINS 1.9% TO RECORD, HITS 5,000 LEVEL.
• Record-Breaking 'RTY>SPX' Trade 'Has Some More Legs To It'; Top Goldman Trader.
• Operation Of Australia's Largest Coal Power Station Extended To 2029.
• *OPENAI’S ALTMAN MEETS MIDEAST INVESTORS FOR $50 BILLION ROUND.   
• NEW: In the wake of the MN fraud scandal, Virginia Democratic state rep Jessica Anderson has introduced HB1369, a one page bill that would ban VA from requiring nonprofits to verify whether people are eligible for certain federal taxpayer benefits. Yes, you read that correctly.
• Oklo Upgraded At BofA On Meta Deal.
• GLOBALISM JUST DIED IN DAVOS. Howard Lutnick just walked into the lion’s den — and told the World Economic Forum exactly what they didn’t want to hear. “Globalism has failed.” Not whispered. Not softened. Declared — on their own stage. He dismantled the entire WEF doctrine in minutes: • Offshoring hollowed out the West • Cheap labor destroyed innovation • Net Zero made Europe dependent on China • Sovereignty begins with borders • Nations must control their industry, energy, and medicine Then came the line that shook the room: “Why would Europe agree to Net Zero when they don’t even make a battery?” That’s the truth globalists can’t answer. Green agendas without industry. Climate pledges without sovereignty. Moral posturing while outsourcing power to Beijing. America First isn’t isolation. It’s independence. And Lutnick made it crystal clear: The old model is finished. The globalist experiment has failed. And the future belongs to nations that put their people first. Davos just heard the obituary — live. (video)   
• Scott Bessent ruined Gavin Newsom in Davos "He's here this week with his billionaire sugar daddy, Alex Soros... ..he may be the only Californian who knows less about economics than Kamala Harris!
• Fraud Is 'Fundamental' Part Of Child Transgender Medical Field.
• Left-Wing NGOs Plan "Economic Blackout" Across Minnesota As State Becomes Testbed For Revolution.
• New: White House response to Gov. Newsom claiming it blocked him from speaking @ USA House: "No one in Davos knows who third-rate governor Newscum is or why he is frolicking around Switzerland instead of fixing the many problems he created in California".
• When gold volatility spikes, tops tend to form.    
• Trump on Greenland: "The deal is going to be put out pretty soon... it gets us everything we needed to get." (video)

• @CNBC

• CNBC Daily Open: A 'concept' of a plan on Greenland and no more European tariffs — Trump's remarkable day at Davos.
• Read more on the top 5 takeaways from Trump’s interview here:  
• Asia-Pacific markets set to rebound after Trump climbs down from Europe tariff threats.
• Thursday's big stock stories: What’s likely to move the market in the next trading session.
• Stock futures rise after major averages rebound on easing tariff fears: Live updates.

• @RenzTom

• I’ve been talking for some time about the fact that much of the chemtrail spraying comes from the military and secret DOD contractors. That’s why Zeldin doesn’t have access to the info, why RFK can’t stop it, and why you can’t FOIA it. Biden declared climate change a matter of national security so these programs could legally be hidden, shielded from public scrutiny, and funded beyond his presidency. I recognize this post is easy to dismiss since I can’t provide public evidence—that was part of Biden’s point—but this is how it’s being done. (I’m not discounting toxic fuel; I’m just recognizing this aspect.) (video)
• The SAVE Act Is Coming—We Need It, But With a Crucial Amendment. I fully support the SAVE Act—it’s vital legislation. But as it stands, combined with the REAL ID Act, it paves the way for universal digital ID. Here’s the reality: • REAL ID expansion + SAVE Act = mandatory digital IDs to vote. • This further enables track-and-trace for everyone. We must pass the SAVE Act. But we need an amendment to prevent universal digital ID from becoming a requirement. It’s possible to protect voting integrity without creating a permanent digital tracking system. Speak up. Advocate for the amendment. Support the SAVE Act—but the right way. (video)

• @glennbeck

• I said I would give Pam Bondi a year to prove herself as an Attorney General who would dismantle the Deep State, let Americans see the truth, and finally bring to justice the criminal elites who have been “too big to jail.” Today, that year is up, and I haven’t seen evidence that she has done ANY of that... (video)

• @TheSCIF

• HUGE: President Trump makes a MASSIVE announcement stating on the world stage that prosecutions are coming soon over the Stolen 2020 Election. "People will soon be prosecuted for what they did. It's probably breaking news, but it should be. It was a rigged election." (video)
• The FBI has overwhelming evidence the 2020 Election was stolen through a global election fraud cartel in conjunction with the Democrat Party which was paid for by USAID and A-WEB that operates in foreign nations, which is completely funded with your U.S. taxpayer dollars. This global election fraud cartel allegedly produced and distributed fake IDs, fake ballots, and remotely accessed servers and terminals to help alter and manipulate election results, not just in the U.S., but in other country's elections as well. (video)

• @ShadowofEzra

• BlackRock CEO Larry Fink tells the World Economic Forum the world must move faster toward digitized currencies under a single unified blockchain to “reduce corruption.” He outlines a vision where every asset is placed on one system, including stocks, bonds, real estate, money market funds, and cash. In that system, ownership would be tokenized, fractionalized, programmable, and instantly transferable on one all-encompassing blockchain ledger.

• @WellsJorda89710

• URGENT CALL TO ACTION: FLOOD Senator Grassley's Office! Senator Chuck Grassley (@ChuckGrassley) is blocking the SAVE Act—refusing to support requiring proof of citizenship for federal voter registration, even though the Constitution empowers Congress to regulate elections! He wrote: “I do not believe that Iowa and other states need politicians in Washington, D.C. dictating and controlling how states run their elections.” This ignores what Republican voters DEMAND: secure elections NOW! We can't let RINOs stand in the way of election integrity under President Trump. **Tell @ChuckGrassley to SUPPORT the SAVE Act IMMEDIATELY!** - **Washington D.C. Office Phone:** (202) 224-3744. - **Fax:** (202) 224-6020. - **Online Contact Form:** https://grassley.senate.gov/contact/questions-and-comments (Fill it out and demand he back the SAVE Act!). - **Official Website:** http://grassley.senate.gov. Call, email, fax—make your voice heard LOUD and CLEAR! Let him know Iowa voters (and patriots nationwide) won't stand for this betrayal. Hold him accountable!

• @BGatesIsaPsycho

• President Donald J. Trump just posted this video explaining how YOUR Country is being destroyed right now to ensure a Future Dictatorship. It’s all by design!!

• @EricLDaugh

• JUST IN: President Trump says if the US could cut out 50% of the fraud in America, we'd have a "BALANCED BUDGET". Most of our DEBT is just FRAUD! (video)
• BREAKING: NATO Secretary General Mark Rutte stuns the world, says President Trump is RIGHT, we MUST defend the Arctic and Greenland from China and Russia. "Trump is right. We have to do more there! We have to protect the Arctic against Russian and Chinese influence!" IMAGINE THAT! 

• @BasilTheGreat

• The World Economic Forum has admitted that the COVID-19 pandemic served as a test of the public’s willingness to comply with their vision for the planet.

• @JamesOKeefeIII

• O’KEEFE INFILTRATES DAVOS WORLD ECONOMIC FORUM: Climate executives spill SECRETS about “Carbon Taxes,” weather modification, and chemtrails. A WEF climate elite who works with three-letter agencies and @DARPA discusses hidden plans about “artificial rain.” “Black Rock is behind us!” (video)

• @bennyjohnson

• China Is Launching An All Out ATTACK On Our Election Systems Through Birthright Citizenship, Over 1 MILLION Communists Will Vote In 2030. Peter Schwiezer breaks down EXACTLY how it operates: "They've created an industrial scale model to exploit birthright citizenship in this country. Somebody is in the US at the time. They give birth. That child is automatically given U.S. citizenship." "Roughly 100,000 Chinese nationals a year have been born in the US. They are then taken back to China, raised in China, going to CCP schools. When they turn 18, they're able to vote, donate to political campaigns, get government jobs in the US." "The first wave of this will start cresting in 2030. When people say they wanna be part of the American dream, immigrate, assimilate. No, it's been weaponized by these foreign actors, and China is particularly effective at doing so." (video)

• @CynicalPublius

• The lightning speed with which a newly-installed regime in Virginia enacted a series of Marxist, pro-crime laws is astonishing. This is what Democrats will do nationally if they regain power. Meanwhile, the eGOP is unwilling to take any actions to support the MAGA agenda while they sit and stew with “muh principles” and “if we do it to them they’ll do it to us.” Guess what? They are going to do it to us no matter what. End the filibuster. Enshrine the DOGE cuts. Pass the SAVE Act. Save America.

• @OcrazioCornPop

• CONGRESSIONAL FRAUD UPDATE: The FISCAL YEAR 2026 "MINBUS" bill was introduced today. It STILL CONTAINS $5.69 BILLION in Refugee Resettlement & Welfare programs! STILL 300% MORE THAN pre-2021 levels! Funds cash aid, medical, job training, & more for refugees & asylees. WHAT IS @SpeakerJohnson & @LeaderJohnThune THINKING?

• @AndrewCFollett  

• In TWO previous elections, Spanberger was about to lose... Mysteriously, a flash drive with a statistically implausible number of Dem votes appeared...and were somehow counted. I'm sure her party making an electoral audit impossible on DAY ONE is a coincidence.

• @TonySeruga

• Suddenly, Larry Fink and the elites in Davos have switched from going all in on climate change to now, all in on AI. No more shilling for wind and solar, AI cannot survive on intermittent energy. They are now all in on coal burning power plants and nuclear power.
• Virginia was warned! Abigail Spanberger is now the Governor of Virginia. Why ANYONE would ever vote for a former CIA officer is beyond me! She is also the choice of Steady State, the shadowy organization of “former national security officials” fighting to keep Donald Trump from implementing the policies the American people elected him to implement. It seems fitting, then, that Spanberger took $50,000 from a Chinese Communist Party member who is also tied to Hunter Biden. Pin Ni, an executive at Chinese automotive conglomerate Wanxiang Group and the head of the company’s American subsidiary, gave the donations to Spanberger’s campaign in April and May. Ni makes his money pushing “green” technologies heavily dependent on products produced in Communist China. He is BFF with Barack Obama. He also makes his money by sidelining the American fossil fuel industry and putting American workers in those industries out of work. (pic) 

• @XFreeze

• Watch closely: a leftist mob swarms a random car in Minneapolis just because they suspect the driver is conservative, and they become so violent that the driver has to run away in fear. Literally no reason… just instant violence. This isn’t a protest, it’s a hunting party. They scream “We got his flag!” as they attack. The violence is real. The targets are clear. And the media shamelessly does an absolute cover‑up. (video)

• @barnes_law

• Bondi's DOJ going after DOGE employees who were reporting proof of potential election fraud.

Night Trading 

• Asian equity indices are +.5% to +1.5% on average. 
• Asia Ex-Japan Investment Grade CDS Index 65.25 -1.5 basis points.
• China Sovereign CDS 41.0 -2.5 basis points.
• China Iron Ore Spot 103.2 USD/Metric Tonne +.01%. 
• Gold 4,787.9 USD/t oz. -1.0%. 
• Swiss Franc/Offshore Chinese Renminbi Cross 8.75 -.01%.
• Bloomberg Emerging Markets Currency Index 36.16 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 102.3 +.7%.
• US 10-Year Yield 4.25% +1.0 basis point.
• Japan 30-Year Yield 3.70% -4.0 basis points. 
• Volatility Index(VIX) futures 18.3 -.9%.
• Euro Stoxx 50 futures +1.22%. 
• S&P 500 futures +.31%.
• NASDAQ 100 futures +.42%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and consumer discretionary shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the day.