Bear Radar

Style Underperformer:

• Small-Cap Value -.7%

Sector Underperformers:

• 1) Restaurants -1.6% 2) Gold & Silver -1.5% 3) Utilities -1.5%

Stocks Falling on Unusual Volume: 

• ENSG, LXP, BAX, BTAI, SBUX, ORI and MATX
  

Stocks With Unusual Put Option Activity:

• 1) RAD 2) KNX 3) AKAM 4) BKLN 5) CLVS
  

Stocks With Most Negative News Mentions:

• 1) COOP 2) MFA 3) KTOS 4) HMHC 5) TGTX
  

Charts:

• ETFs Falling on Unusual Volume
• Stocks Falling on Unusual Volume

Bull Radar

Style Outperformer:

• Large-Cap Growth +1.4%

Sector Outperformers:

• 1) Alt Energy +4.4% 2) Video Gaming +3.4% 3) Internet +3.4%

Stocks Rising on Unusual Volume:

• TWTR, SGLY, OLLI, BRCC, PLUG, CHWY, SPWR, EVGO, GGPI, REPL, PCVX, DOMO, RDFN, RVMD, PLL, NFE, MNTV, TREX, FWRG, DCT, KTOS, SST, BSM and ONTF
  

Stocks With Unusual Call Option Activity:

• 1) COOP 2) TWTR 3) MFA 4) KTOS 5) HMHC

Stocks With Most Positive News Mentions:

• 1) TWTR 2) BILI 3) OLLI 4) ALDS 5) NIO
  

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running +6.5% Above 100-Day Average 
• 3 Sectors Rising, 8 Sectors Declining
• 47.8% of Issues Advancing, 48.1% Declining
• 78 New 52-Week Highs, 36 New Lows
• 46.3% of Issues Above 200-day Moving Average
• Average 14-Day RSI 50.0% 
• Bloomberg Global Risk-On/Risk-Off Index 4,327.0 -9.0 points
• Russell 1000: Growth/Value 17,010 +1.9%
  
• Vix 19.3 -1.8%
• Total Put/Call .73 -28.4%
• TRIN/Arms .81 +15.7%

Monday Watch

Night Trading

• Asian indices are -.25% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 100.5 -2.25 basis points.
• China Sovereign CDS 59.5 -2.75 basis points.
• Bloomberg Emerging Markets Currency Index 53.58 -.06%.
• Bloomberg Global Risk-On/Risk Off Index 4,326.0 -11.0 points.
• Volatility Index(VIX) futures 24.3 +.15%. 
• Euro Stoxx 50 futures +.08%.
• S&P 500 futures -.10%.
• NASDAQ 100 futures -.23%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• Factory Orders for Feb. is estimated to fall -.6% versus a +1.4% gain in Jan.
• Factory Orders Ex Transports for Feb. is estimated to rise +.3% versus a +1.0% gain in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone PPI report and the B Riley ESports Investor Day could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:

• Ukraine Update: Kyiv Warns Russia Is Adding Troops in Moldova.
  
• Two European Strongmen Bid to Keep Power in the Shadow of War.
• North Korean Officials Hit Out Against South’s Missile Comments.  
• Entire Shanghai Placed Under Lockdown.  
• China Expands Digital Yuan Trials to More Cities.
• ‘Whopping’ Golf Club Fees Cited as Example of Hidden Inflation by Philly Fed President.
• Cathie Wood Says Fed Hiking Interest Rates Would Be a Mistake.
• Soaring Mortgage Rates in U.S. Dent Demand for Vacation Homes.  
• Fed’s Williams Sees Sequence of Steps to Raise Rates to Neutral.  
• SoftBank Liquidates Most of Portfolio at ‘Nasdaq Whale’ Unit: FT.  
• CIO’s Big Inflation Fear: ‘We All Begin to Make Bad Decisions’.  
• Biden’s New Antitrust Cop Threatens to Slam Brakes on Mergers.  
• Fed Is Whetting Appetite for a Half-Point Rate Hike: Eco Week.  
• Charting the Global Economy: European Inflation Soars to Record.

Wall Street Journal:

• Economists Seek Recession Clues in the Yield Curve.
• Ukraine Assesses Damage After Russian Pullback Near Kyiv.
• Latest Updates: Russian Forces Open Fire on Protesters in Ukraine, According to Video.
• Senators Eye $10 Billion Covid-19 Deal Ahead of Possible Resurgence.
• In Brooklyn’s ‘Little Odessa,’ Russian-American Neighbors Stand With Ukraine.
• Stock-Market Rebound Sits on a Shaky Foundation.
• Long Delays for Afghan Resettlements Serve as Warning for Ukrainians.
• More Young Adults Are Buying Life Insurance Thanks to the Pandemic—if They Can Get It.
• TikTok Brain Explained: Why Some Kids Seem Hooked on Social Video Feeds.
• Russia’s War on Ukraine Threatens China’s Trade-Supremacy Project.

Barron's:

• Had bullish commentary on (COST), (ROK), (MCD), (BYD), (KNX), (TPL), (MU), (STRY), (NOC) and (HII).

Fox News:

• Ukrainian president warns retreating Russian forces left behind 'catastrophic' invisible danger.
• Major airline faces furious customers after mass cancellations, delays.

CNBC:

• 4 signs you may have a weak immune system—and what to do about it, according to an immunologist.
• Amazon workers just voted to join a union — here’s what happens next.

Zero Hedge:

• Gazprom Halts Gas Shipments To Europe Via Critical Pipeline.
• Rate-Hikes Jeopardize Much More Than Just American Home Ownership.
• Roman Abramovich's $1 Billion Five-Yacht Fleet Exposed.
• "Life Is Short": US Hotel Prices Soar To Record Highs On Consumer Driven-Demand.
• Iowa House Passes Bill Requiring Schools To Post Curriculum Materials Online For Parent Review.
• Election Watchdog Finds 137,500 Ballots Unlawfully Trafficked In Wisconsin.
• Tone-Deaf Fed President Jokes About "Whopping" Golf Membership Fees.
• The Necro-Neologism Of Lethal Legal Experts.
• Judge Ousts Five School Board Members After Pennsylvania Parent Petition.
• Fauci Says China Was "Extremely Secretive" But "Didn't Necessarily" Cover-Up Pandemic.
• This Is Why Your 'Locally Butchered' Beef Might Actually Come From China.
• Breakaway Georgian Region Planning Referendum To Join Russia.
• EU Bureaucrats Pressure Beijing To Do More To Stop War In Ukraine.
• Chicago Fed's Woke Enemy Of Free Speech Heading For Promotion To Federal Reserve Board.
• Ghislaine Maxwell Pedo Conviction Upheld Despite Juror's Post-Verdict Admission.
• Pentagon Clarifies There's No "Offensive" Bioweapons At US-Linked Ukraine Labs.
• Tech Rout Leads To Record 34% Loss At Tiger Global's Hedge Fund.
• Humans Infected With 'Mind-Altering' Parasite Seen As More Attractive.
• Tesla Reports 310,048 Deliveries For Q1 2022, Model 3 Deliveries Slip Sequentially.
• The Fed Cannot Undo The Damage It Has Already Caused.
• China Accused Of Massive Ukraine Cyberattack Days Before Russian Invasion.
• Yield Curve Inversions & Media's Denial Of History.
• Ukraine Announces Million Dollars Reward Per Russian Helicopter, Fighter Jet, Warship.
• Rate-Hikes Jeopardize Much More Than Just American Home Ownership.
• How Are Food Prices Being Covered On Television News?

MarketWatch.com:

• Opinion: Why gold and platinum are a window into the stock market’s future and what investors can expect .
  
• These 10 dividend stocks with yields of at least 5% can help you take on stagflation or a recession.

TheGatewayPundit.com:  

• Biden Telling Staffers He Wants the Justice Department to Prosecute Trump. 
• Florida Rep. Gaetz Rallies State Legislators Against Woke Disney: ‘I’ll Tell You How to Trap This Rodent’.
• President Trump Comes Out Swinging in Michigan: “The Election Was Rigged and Stolen and Because of that Our Country is Being Destroyed” (VIDEO).
• MUST SEE: Newly Released Court Transcripts Reveal Radical SCOTUS Pick Ketanji Brown Jackson Apologizing After Giving 3-month “Slap on the Wrist” to One “Egregious Offender”.
• It’s Not Just the US: Excess Deaths Skyrocket Worldwide in 2021 Following Rollout of the Experimental Covid Vaccine.
• Good Riddance: “Some” Florida Teachers Leave Profession Because they Can’t Teach Kindergarteners About Sex and Show Dirty Books.
• “The Culture in Washington Is Corrupt” – Popular Rep. Madison Cawthorn Releases Statement following His Allegations of Coke and Orgies in DC.
• An Inside Look At Biden’s Weird And Fake White House Studio (VIDEO).
• House Oversight Committee Republicans Demands Access to Communication Records Between Hunter Biden and Obama White House – Biden Crime Family Has “Profited From Joe Biden’s Positions of Public Trust For Decades”.
• LAWRENCE SELLIN EXCLUSIVE: Are the Ukrainian Biolabs Another US Military-Industrial-Complex Money Scam Involving the Bidens or Biowarfare Facilities or Both?
• Migrants En Route to United States Border Use Giant Cross as Battering Ram to Break Through National Guard Lines (VIDEO).
• Climate Change Dystopia: Washington State Passes Legislation That Will Ban Gas-Powered Vehicles by 2030.

Twitter:

• @zerosum24 - Bucha highway of death scene. (video) Just In: Reports of 300 civilians killed In Bucha with bodies found all over the streets. - AFP (Graphic Video)

 GETTR:

• @VigilantFox - "Vice President" Jill Biden: Joe Simply Isn't There "I'm deeply proud of the work she's doing as first lady with — Joining Forces initiative. She started with Michelle Obama when she was Vice President and now carries on." (video)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 799,731 Reports(+3,949 from prior week) Through March 25th, 2021. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).

Evening Headlines

Bloomberg:

• Putin May Collect $321 Billion Windfall If Oil and Gas Keep Flowing.
• Ukraine Update: Red Cross Says Mariupol ‘Safe Passage’ Blocked.
  
• Brazil Exports Hit Record High in March on Commodity Prices, War.
  
• OPEC Struggled With Modest Oil Supply Boost During Russia Tumult.
• Stock Rally That Nobody Saw Coming Is Refusing to Go Quietly.
• Tiger Global’s Hedge Fund Sinks 34% This Year as Key Stocks Fall.
• Treasury Curve Flashes New Warnings as Jobs Data Fuel Rate Bets.  
• Visa Changes Rules for Gas Stations to Avoid $125 Pump Limit.  
• Ghislaine Maxwell Denied New Trial Over Juror’s Past Abuse.  
• LA Offers $3 Billion to House 60% of Homeless to Settle Case.  
• Soaring Mortgage Rates in U.S. Dent Demand for Vacation Homes.  
• Harvard Acceptance Rate Falls to All-Time Low.  
• Bond ETFs Revel in Record Flows Amid Worst Performance in Years.  
• Billionaires’ Tax ‘Is a Bad Idea,’ Ex-Treasury Chief Summers Says.

Wall Street Journal:

• A Lengthy War Looms as Russia Shifts Strategy in Ukraine.
• New York to Keep Mask Mandate for Young Children.
• Latest Updates: Aid Groups Fail to Reach Mariupol.
• Hiring Strengthens, as Jobless Rate Nears Prepandemic Levels.
• Support for 15-Week Abortion Ban Outweighs Opposition, WSJ Poll Finds.
• Toyota, General Motors Post Slowing U.S. Sales.
• New Vehicles Must Get 49 Miles a Gallon by 2026.
• Chinese Agents Said to Hire Private Eyes to Harass Dissidents in U.S.
• Shanghai Battles Covid-19 Outbreaks in Another Elderly-Care Hospital.

Fox News:

• EXCLUSIVE:Zelenskyy tells Baier giving up Ukrainian land is 'out of discussion'.
• GOP says single Biden decision could have massive impact on midterm races.
  
• Gay employee blasts company over Florida bill: 'Disney doesn't speak for me'.

CNBC:

• Meta says employees no longer need Covid boosters to come to U.S. offices.
• Amazon workers on Staten Island vote for company’s first unionized warehouse in U.S.
• Here’s where the jobs are — in one chart.
• Key part of yield curve ‘inverts’ as short-term rates jump after jobs report.
• Restaurants are getting creative with menus to counter soaring food costs.

Zero Hedge:

• Biden State Department Will Begin Issuing 'X Gender' Passports Next Month.
• EU Warns China Not to Interfere With Russia Sanctions In Summit, Urges Xi To Condemn Invasion.
• Lawmakers Demand Hunter Biden’s Communications With Obama White House.
• Looming Freight Recession Sparks Plunge In Trucker Stocks, First Post-COVID Job-Losses.
• Fauci Flashback: "The Most Potent Vaccination Is Getting Infected Yourself".
• Judge Ousts Five School Board Members After Pennsylvania Parent Petition.
• Bunker Contamination Crisis Hits Singapore As Ships Hit With "Blackouts".
• John Ioannidis: 'Public Health Officials Need To Declare The End Of The Pandemic'.
• Number Of US Workers Testing Positive For Marijuana Reaches 2-Decade High.
• What's Going On With Joe Biden?
• Russian Central Bank Eases Capital Controls As Ruble Erases Losses.
• Judge Blocks Vaccine Mandate For Navy Members Seeking Religious Exemptions.
• Say hello to Q2.
• Banks Battered & Trannies Trounced Amid Yield Curve & Commodity Carnage.

NewsMax:

• Rep. Babin: 'Floodgates' About to Open on US-Mexico Border.
• WH Press Corps Zings Psaki on Ethics Amid Reports of MSNBC Gig.
• US Investigators See Proof Oligarchs Dodging Sanctions.
• China Accused of Ukraine Cyberattack Ahead of War.  
• Rep. Fitzgerald: WH Inventing Reasons for High Gas Prices.

TheGatewayPundit.com: 

• Winsome Sears: Americans Know Biden Is To Blame For High Gas Prices.
• BREAKING EXCLUSIVE: US Postal Service Refuses to Release Investigative Report on Whistleblower Truck Driver Who Hauled 288,000 Suspicious Ballots Across State Lines Before 2020 Election.
• Biden Urges Parents To ‘Affirm Your Child’s Transgender Identity’ (VIDEO).
• Who Are the Americans Coordinating Bioresearch in Ukraine?
• School Nurse Suspended For Revealing Connecticut Public School Was Secretly Giving Children Puberty Blockers Behind Their Parents’ Backs.
• POWERFUL NEW AD by Mike Davis and Article III Project on Ketanji Jackson’s Disgusting Child Sex Offenders Rulings.
• Arizona Bans Youth Gender Reassignment Surgery And Boys in Girls Sports – Democrats Rally To “Protect Trans Youth”.
• Biden Admin in Talks to Provide Smartphone App to Illegal Migrants to Pre-Register Before Entering the US Illegally (VIDEO).

The Epoch Times:

• Senators Release Bank Records Showing Payments to Hunter Biden From China.

Twitter:

• @zerosum24 - Bucha highway of death scene. (video)
• @aginnt -  What our lives would be like if Fauci was fully in charge. Bow to his imminence. (video)
  

 GETTR:

• @VigilantFox - "It's Called Communism" - Australian Senator Antic Exposes the WEF as a Subversive Communist Ploy. "It's Just Darn Wrong" - There's No Scientific or Ethical Justification for These Shots. (video)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 799,731 Reports(+3,949 from prior week) Through March 25th, 2021. 

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).