Monday Watch

Around X:

• @Business  

• President Donald Trump is likely to press President Xi Jinping over China’s approach to Iran when they meet later this week, senior US officials said Sunday. 
• Beijing officially announced the date of Donald Trump’s state visit this week, publicly green-lighting the first US presidential trip to China in nearly a decade despite tensions over the Iran war.
• Get up to speed on what's moving global markets.
• Here’s what you need to know to start your day.  

• @ZeroHedge

• *QATAR GAS SHIPMENT CLEARS HORMUZ AFTER PAKISTAN-IRAN TALKS: FT.
• “Captain” Mark Kelly strikes again. Now he’s blabbing on TV (falsely & dumbly) about a *CLASSIFIED* Pentagon briefing he received. Did he violate his oath…again? -@PeteHegseth.    
• The Gerrymander Debacle In Virginia Leaves The Democratic Party With A Dangerous Agenda.
• Kim Jong Un Creates Ultimate Deadman Switch: North Korea To Auto-Launch Nukes If Assassinated.
• "They'll Be Laughing No Longer": Trump Rejects Iran Peace Deal Response As "Totally Unacceptable".
• These Are The Biggest Market Dislocations Deutsche Bank Is Watching Right Now.
• Vegetable-Oil Inflation Sends World Food Prices Higher.
• Once again--Iran officials acting as tho a deal is very close (if not already reached). Addressing next steps, ie guarantees through third parties.
• *TRUMP: I DON’T LIKE RESPONSE FROM IRAN, “TOTALLY UNACCEPTABLE”.
• Earnings Estimate Revisions Are Very Optimistic.
• Secret Israeli Base Hidden In Iraqi Desert Backed Operations Inside Iran.
• Netanyahu and Trump will speak tonight -Kann.
• HOLY SMOKES. Hakeem Jeffries’ House Dems have discussed FIRING the VA Supreme Court to reinstate the 10D-1R House map. They’d do it by having VA LOWER the retirement age and kick out justices — then invalidate the redistricting rules. PSYCHOS!           
• Iran Responds To US Peace Proposal, While Threatening 'Decisive' Strike On UK, French Warships If They Approach Strait.
• Spencer Pratt Surges In L.A. Mayoral Race As Democrats Grow Nervous.
• Morgan Stanley Lays Out The Dramatic Changes In AI Infrastructure Financing.
• Housing Market's Crucial "Spring Selling Season" Is In Tatters.
• Winning? Do We Need To Understand UBI.
• Iran Responds To US Peace Proposal, As Ayatollah Meets With Top General To Discuss 'Readiness'.
• The US has received $2.1 tn of net inflows into equities & fixed income in the past 1½ years, while the rest of the G10 have seen zero..
• What Would Be Truly Bullish? Actually Fixing What's Broken.
• Aramco just confirmed what the data already showed. Even if Hormuz opens tomorrow — rebalancing takes months. And if the closure extends a few more weeks? Normalization pushed to 2027. This means: June → Operational Stress Level (7.6B barrels). September → Operational Floor (6.8B barrels). 2027 → earliest possible normalization. The market is not pricing a 2027 recovery timeline. It’s pricing a quick fix that Aramco just said won’t happen. This changes everything.
• The Most Direct Social Engineering Propaganda You'll Ever See.
• Maersk CEO Warns Iran War Is A "New Wake-Up Call" For Global Trade.
• AI Is Losing The PR Battle And The Consequences Could Be Huge.
• How Governments, Corporations, & Technocratic Systems Are Quietly Redefining Ownership In The 21st Century.
• Chinese EVs Absent From U.S. Roads, But Parts Under The Hood Are Alarming.
• Cameco Sees As Many As 20 AP1000 Nuclear Reactors On The Horizon.
• As a Greek woman, I cannot stay silent… I owe this to my Ancestors ! BOYCOTT Nolan’s "The Odyssey" that has completely altered Homer’s epic.   
• "Exponentially Deteriorating": Baltimore's Lawlessness Spreads Into Suburbs As Democrats Lose Control.
• From Civilian To Military Economy: This Is What A Declining Empire's Economy Looks Like.
• "Dateflation": 40% Of Singles Are Going On Fewer Dates Due To High Costs.       

• @CNBC

• CNBC Daily Open: Iran proposes, Trump opposes, Xi watches. 
• Oil climbs as Netanyahu warns Iran conflict is ‘not over,’ Trump rejects Tehran's proposal. 
• Asia markets set to open mixed as oil jumps on Trump rejecting Iran proposal.
• Stock futures tick lower as investors monitor the latest Iran war negotiations: Live updates. 
• Cerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say.

• @MarioNawful 

• The food you eat every day is banned in Europe. Not some of it. Most of it. American strawberries are sprayed with pesticides linked to hormone disruption and cancer that are banned across Europe. Drop one in salt water and see what comes out. American white bread contains potassium bromate, a cancer-linked chemical banned in the EU, Canada, China, and India. The FDA hasn't reviewed it since 1973. Same products. Different standards. And Americans eat this every single day. Watch the video. (video)

• @ShadowofEzra

• Benjamin Netanyahu insinuates that only he will decide when the war against Iran will end and is demanding that uranium be removed from Iran. Netanyahu hints that he wants the United States to go inside Iran and physically remove the enriched uranium by force. “You go in and take it out — that’s the best way.” “There’s work to be done.” (video)
• The Director of the World Health Organization, Dr. Tedros, says every country in the world is now expected to fall in line with his International Health Regulations because of hantavirus. He says it is now a moral obligation for nations to submit to and believe in his Global Health Order. "It's only when we support each other that we can respond more effectively to viruses and outbreaks." "Countries are expected to cooperate based on International Health Regulations." (video) 

• @OunkaOnX

• Douglas Macgregor: Netanyahu has something he's never had before - complete control of the US Armed Forces. Absolute allegiance and obedience of the US President and Congress. He knows he has to use it or lose it. Macgregor says Netanyahu knows this window is closing. He has to use America's remaining power now - or the "Greater Israel Project" collapses. (video)

• @MJTruthUltra

• This isn’t a coincidence… Barrack Hussein Obama is now meeting with leaders of other nations. It just so happens that the month of May Q Deltas are LITTERED with mentions of Barrack Hussein Obama running a SHADOW PRESIDENCY effort against President Trump via…. Wait for it… efforts to meet with world leaders either ahead or after President Trump. All of this is coming full circle. Obama is a traitor to the United States of America. He was installed as President by foreign powers. He was part of a 16 year plan to destroy America (Obama + Hillary). When she lost. They ALL lost. Now all of their crimes are catching up to them. They have NO CHOICE but to try to fight their way out of this. But there is no way out of this. They will all be charged with Treason. (video) 
• This is crazy… Rep. Tim Burchett claims that Elon Musk revealed to him that NGOs have funneled more than $1 TRILLION into foreign countries such as Afghanistan. According to Burchett, the money is then washed and laundered back into the United States to help fund Democratic campaigns. He believes some Republicans are also involved. (video) 

• @RenzTom

• Universal digital track and trace is here! The Trump Administration’s FCC is now pushing to mandate tying your phone number to the REAL ID system or another form of ID. This means no more anonymity on the internet, and your incognito mode or private browsing is meaningless. The government will be able to legally track EVERYTHING you do by simply buying the records from your phone provider, and it will then be legally official. This is NOT MAGA and is much more like the great reset we just fought Biden to stop.

• @LaraLogan

• Without accountability for treason & sedition, everything Trump has done will be reversed. Overnight. (video)

• @TheSCIF

• Sidney Powell blows the lid off of the stolen 2020 election. "There is so much evidence!" From Dominion switching votes, to foreign connections going all the way back to Smartmatic. These judges and DAs never even looked at any evidence, they were compromised from the start. The CIA knew what these machines were capable of and brushed it under the rug to control election outcomes. (video)
• Michigan 2020 election worker found that EVERY Military Ballot that was logged into the system had a birthday of 1/1/1900. When she asked the election supervisor to challenge the military ballots, she replied, "We're not doing that." The 2020 election was stolen. (video) 

• @JimFergusonUK

• REP. LUNA: “THIS IS A LOT BIGGER THAN ANYONE ANTICIPATED.” After meeting directly with Epstein survivors, Rep. Anna Paulina Luna says the scandal may reach far beyond what the public has been told. Her warning was blunt: “There are some very rich and powerful people that need to go to jail.” Even more explosively, Luna stated it is “very much so a possibility” that Jeffrey Epstein was operating as an intelligence asset. That changes everything. Because if true, this was never just about one predator. It raises far bigger questions: (video)

• @VenkatP135

• Why I doubled my position in $GLW after its annual investors day this week. (pic)

• @disclosetv

• NEW - India's PM Modi calls for citizens and ‌businesses to conserve fuel, carpool, use electric cars and adopt the Covid-19 strategy of working from home, "in the interest of the country."

• @RedactedNews

• Billions in lithium under the Carolinas. The DoD knew. Then Helene hit. Then FEMA made rebuilding nearly impossible. @annvandersteel has been on the ground. Every homeowner she spoke to knew exactly what was happening. (video)

• @Real_RobN

• Here it is: Virginia voters are waking up today shocked to find out that Virginia Democrats are voting to exempt themselves from the new gun control measures they are imposing—while letting out illegal murderers, rapists, and pedophiles into their sanctuary state. The provision in this section explicitly says, “shall not apply to any member of the General Assembly.” (video)

• @BrettWeinstein

• This is indefensible: Spraying glyphosate over wild lands is ecocide, and toxic to humans, of course. But there is one upside: It allows us to see the full corruption of our system, which pretends to be preoccupied with our health, even as it poisons the world behind our backs.

• @HealthRanger

• Flock cameras now track and fingerprint human voices... suddenly it's a mass spying network for YOU! (video)

• @NicHulscher

• ONE DAY BEFORE the hantavirus fear campaign began…WHO pandemic treaty talks COLLAPSED prompting Tedros to warn ​the next ​pandemic was "a matter ⁠of when, not if." Then suddenly… ONE DAY LATER... the cruise ship hantavirus media frenzy exploded. Don't fall for the Bill Gates-WHO pandemic profiteering complex. (video)

• @DiligentDenizen

• UFC PRESIDENT DANA WHITE HAS EPSTEIN-LIKE PAINTINGS ON WALL IN HOME. When showing off a title belt, Dana had a painting of a sex act behind him. AND, a portrait of child with blue butterflies Butterfly—sign associated with sex trafficking survivors. What is going on here? (video)

• @copesint

• I'm coming out of private because this hantavirus thing is getting ridiculous. Before I explain the facts of the virus, here's why you should listen to me: Unlike most of the people on my feed, I am a Chemical, Biological, Radiological, and Nuclear defense officer. My job is to ensure that large, closely-packed groups of people are not infected by diseases both endemic to the environment and manufactured by an enemy. Andes hantavirus has an extremely low transmissibility rate. You need to be in prolonged, close contact with someone to catch it. Transmission between humans is documented but so rare that it is considered exceptional. This is not COVID (for example, the common cold is a type of coronavirus).

• @jackprandelli

• THE WORLD RUNS THROUGH 8 STRAITS. Trade, Oil, LNG, Military power. Key chokepoints: • Malacca ~25% of global traded goods. • Hormuz ~25% of global oil, ~⅓ of LNG. • Singapore ~50% of global seaborne trade. • Gibraltar Atlantic Mediterranean. • Bosphorus Black Sea outlet. • Magellan Atlantic Pacific backup. • Bering Arctic gateway. • Bass Australian passage. These are pressure points.

• @RealDrJaneRuby

• Moderna Admits They Need Hanta mRNA Vax To Overcome Post Covid Revenue “Slump”. (pic)
• ARE THE JULY WORLD CUP GAMES IN 11 U.S. CITIES PLANNED FOR THE SUPER SPREADER OF HANTA HOAX? (list)
• SOMETHING SMELLS: 17 Americans are being transported to the National Quarantine Unit at Offutt Air Force Base, Omaha. Forced quarantine could last weeks, potentially up to 8 weeks. Offutt isn’t a hospital, it’s where US nuclear command sits. Where exactly are these passengers being taken, and who decides when they come out? 

• @HormuzLetter

• BREAKING: Iran's Deputy Foreign Minister has directly warned the UK and France over their warship deployments to the Strait of Hormuz, saying any European naval presence will be met with "immediate decisive response" and calling the deployment of destroyers under the pretext of "protecting shipping" an escalation of the crisis. The UK has just deployed HMS Dragon, a Type-45 destroyer, to the Middle East for a potential multinational mission led jointly by the UK and France. France moved its Charles de Gaulle aircraft carrier into the Red Sea this week, positioning for the same operation. The European mission is conditional on a ceasefire that Iran's formal response to the US proposal today made no concessions toward.

• @Oceanbreeze473

• Kids that go missing everyyear: Spain 20,000. Australia 25,000. France 39,000. Brazil 40,000. Mexico 45,000. Canada 50,000. Germany 100,000. United Kingdom 230,000. United States 800,000.

• @FurkanGozukara

• Dr. Pierre Kory exposes a massive media anomaly. He reveals over 100,000 articles were published globally about Hantavirus in days. He confirms this massive coordination is entirely unnatural. Why is a minor outbreak suddenly consuming the global media cycle? (video)

• @ForgiatoBlow47

• How does a guy get to block the sun, cover your "organic" fruit in film, insert fake meat into the supply chain, and bioengineer mosquitos to release vaccines without anyone's consent or approval and NOT be called a supervillain? (pic)

• @KobeissiLetter

• BREAKING: The semiconductor ETF, $SMH, posted -$2.3 billion in outflows in the week ending May 7th, the largest weekly outflow since the fund launched in 2011. This follows +$1.5 billion in inflows in the preceding week, the 3rd-largest on record. Previously, in April, semiconductor ETFs, $SMH and $SOXX, attracted +$4.7 billion in combined inflows, the largest monthly intake on record. Meanwhile, the 3x leveraged long Semiconductor ETF,
  $SOXL, posted -$842 million in outflows in the week ending May 7th, its 5th consecutive weekly withdrawal. Over this period, investors have withdrawn -$8.9 billion in total. Retail investors are cashing-in massive profits on semiconductor stocks.

• @catturd

• Report: New polling shows that Bill Cassidy wouldn’t make the runoff in the 2026 Louisiana Senate Republican Primary. Julia Letlow: 41.6%. John Fleming: 29.6%. Bill Cassidy: 19.6%. Undecided: 7.5%. Mark Spencer: 1.7%. Another RINO is about to have to learn to code.

• @WallStreetApes

• There are still about 150 people quarantined on the cruise ship with the hantavirus outbreak. That’s means there’s 150 people with nothing to do 24 hours a day but sit around in their rooms. Where’s all the social media videos? Why aren’t they posting updates? There’s nothing.

Night Trading 

• Asian equity indices are -.25% to +.75% on average. 
• Asia Ex-Japan Investment Grade CDS Index 71.75 -.25 basis point. 
• China Sovereign CDS 42.0 +.25 basis point.
• China Iron Ore Spot 111.45 USD/Metric Tonne +.9%. 
• Crude Oil 99.0/bbl. +3.8% 
• Gold 4,694.2 USD/t oz. -.8%. 
• Swiss Franc/Offshore Chinese Renminbi Cross 8.73 -.17%.
• Bloomberg Emerging Markets Currency Index 35.56 -.1%.
• Bloomberg Global Risk-On/Risk Off Index 118.6 +.6%
• US 10-Year Yield 4.39% +3.0 basis points.
• Japan 30-Year Yield 3.75% +1.0 basis point. 
• Volatility Index(VIX) futures 20.7 -.2%.
• Euro Stoxx 50 futures -.07%. 
• S&P 500 futures -.10%.
• NASDAQ 100 futures +.02%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 100% net long heading into the day.