Bull Radar

Style Outperformer:

• Small-Cap Growth +1.0%

Sector Outperformers:

• 1) Oil Service +3.0% 2) Energy +1.7% 3) Software +1.7%

Stocks Rising on Unusual Volume:

• COUP, COGT, SNDX, AI, DOCU, VIVO, CDAY, BOX, CION, FTAI and ACLX
  

Stocks With Unusual Call Option Activity:

• 1) SPB 2) ALLY 3) GFF 4) GIS 5) COUP

Stocks With Most Positive News Mentions:

• 1) CTM 2) PBF 3) APVO 4) SNDX 5) COUP
  

Charts:

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

Morning Market Internals

NYSE Composite Index:

• Volume Running -17.3% Below 100-Day Average 
• 4 Sectors Declining, 7 Sectors Rising
• 58.7% of Issues Advancing, 38.2% Declining
• 19 New 52-Week Highs, 69 New Lows
• 42.1%(+3.2%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 54.0 -1.0
  
• Bloomberg Global Risk-On/Risk-Off Index 47.3 -2.0%
  
• Russell 1000: Growth/Value 14,596.1 +.05%
  
• Vix 24.4 +6.7%
• Total Put/Call .99 -15.4%
• TRIN/Arms 1.08 +24.1% 

Monday Watch

Today's Headlines

Bloomberg:             

• Turkey’s Leader Warns Greece Its Missiles Can Hit Athens.  
• China’s Top Medical Adviser Says Omicron’s Risks Same as Flu.  
• UK Power Surges to Record as Sub-Zero Chill Sends Demand Surging.
• Jacinda Ardern’s 2023 Election Prospects Dim as New Zealand Recession Looms.  
• Ukraine Latest: Erdogan Pursues Grain-Corridor Talks With Putin.
• Asia Stocks to Open Down in Week of Rate Decisions: Markets Wrap.
  
• The Worst of Europe's Energy Crisis Isn't Over.
• Fed’s Message That Rates Will Stay on Hold Clashes With 2023 Rate-Cut Bets.
• Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout.  
• Fund Managers Brace for ESG Correction With $4 Trillion at Stake.  
• BlackRock Facing More Blowback Over ESG as GOP Pressure Mounts.

Wall Street Journal:

• The Battle Over Work and Welfare. States are fighting back against the Biden drive to use the pandemic to increase government dependency.
• Homelessness Worsens in Older Populations as Housing Costs Take Toll.
• Amgen Nears Deal to Buy Horizon Therapeutics.
• Lockerbie Bombing Suspect Is in U.S. Custody.
• Rate Increases Squeeze Consumer-Finance Companies.
• Rise of Open-Source Intelligence Tests CIA.
• Western Scientists Cheered On China’s Covid Repression. Many public-health elites still won’t admit it was a mistake for the West to adopt Beijing’s strategy.
• U.S. Builds New Firewall to Stop Spread of Militant Islamists.
• Utility Bills Rise as Americans Pay Off Storm-Recovery Costs.
• Battle Between FTC and Microsoft Turns on Future of Cloud Gaming.
  

Fox News:

• Retired Navy SEAL famous for being trans says he is detransitioning, warns Americans to 'wake up'.
• School board member facing calls to resign over reaction to sexuality poster.

CNBC:

• Twitter to relaunch Twitter Blue at higher price for Apple users.
• SpaceX launches lunar lander for Japanese venture ispace, which aims to create moon economy.

Zero Hedge:   

• THE TWITTER FILES: The Removal Of Donald Trump, Part 2.
• Ban TikTok Everywhere?
• White House Says Still "Negotiating" For Whelan's Release, Lashes Out At Critics.
• 14 Border Agents Committed Suicide In 2022.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• "Egregious": McCarthy To Subpoena 51 Intel Agents Who Called Hunter Laptop Bombshell 'Disinformation'.
• Morgan Stanley On What Will Drive The Next Phase Of ESG Research.
• Lithium-Ion Battery Prices Rise For First Time.
• The Rise And Fall Of Inflation Risk Factors.
• The Twitter Files: The Corporate Media Ignores The Biggest Story Of The Decade.
• Army Captain Separated From Service For Refusing Vaccine As House Passes Bill That Rescinds Military’s Vaccine Mandate.
• Bond Investors Switch From Mutual Funds To ETFs At Record Clip.
• Indiana Sues TikTok For Allegedly Endangering Children, Sending Data To China.
• Sinema To Keep Committee Assignments After Leaving Democratic Party: Schumer.
• Chips Take Center-Stage As Businesses Manage Risks And Countries Manage Rivalries.
• The Blowback From Strip-Mining Labor For 45 Years Is Just Beginning.
• Goldman's Walk-Thru For The Next 3 Months: No Case For Lasting, Significant Upside.
• Ukraine's Odesa Plunged Into Darkness After 'Kamikaze Drone' Attacks.
• FTX Post Mortem Part 3 Of 3: The Contagion.
• Mapped: Which Countries Have The Highest Inflation Rate?
• Dutch Gov't Attempts To Forcibly Close 3,000 Farms To Comply With 'Green' Agenda.
• EU To Force Crypto Companies To Report Their Users' Holdings To Tax Authorities.
• Why The Left Must Destroy Free Speech... Or Be Destroyed.
• Visualizing The Military Imbalance In The Taiwan Strait.
• Supreme Court Hears Case That Could Empower State Legislatures, Not Judges, To Regulate Elections.
• Americans Might Be In For A Tax 'Refund Shock' Next Year: Analyst.
• SBF Tried To Destabilize Crypto Market To Save FTX: Report.

MarketWatch.com:      

• Opinion: Value stocks keep leading the market, and these are the 16 best picks from top investment newsletters.

NewsMax:

• Twitter Execs Exclusively Targeted Trump for Ban. 
• Election Group That Gave 'Zuckerbucks' in 2020 Renews Grants.

TheGatewayPundit.com:  

• “My Pronouns are Prosecute/Fauci” – Twitter Owner ELON MUSK to Release the Twitter Files on COVID and Dr Fauci.
• BREAKING: Twitter Files Part 4: Senior Execs Create Justifications to Ban Trump – Seek a Change of Policy for Trump Alone, Distinct From Other Political Leaders. 
• MORE FROM KARI LAKE’S LAWSUIT: 25,000 Ballots Added To Maricopa County’s Vote Totals AFTER Election Day. 
• Karl Rove Who Ran PAC Ads Supportive of Top Democrat Candidate and Held a Fundraiser for Adam Kinzinger Blames Trump for Midterm Losses.
• “My Pronouns are Prosecute/Fauci” – Twitter Owner ELON MUSK to Release the Twitter Files on COVID and Dr Fauci.
• The 40 Day Dilemma: Brazil’s Ongoing Crisis – The People Believe Something Big Is About to Take Place in Brazil.
• Man-Made Disaster: Illegals Are Flooding the Open Border Now That Title 42 Is Expiring Under Joe Biden – Migrants From 17 Countries Represented in Last 24 Hours.
• Evidence Shows that It’s Not Just Twitter and the FBI, the State Department, CISA, Facebook. YouTube and Google Are Also Working to Censure and Ban the Information You Receive.
• Surveillance Photos Captured “Non-Binary” Biden Nuclear Energy Secretary Stealing Woman’s Suitcase in Las Vegas Airport.
• Israeli-Based 3D-Printed Lab-Grown Meat Company is Building World’s Largest Facility in North Carolina.
• Second Journalist Dies Suddenly While Covering the FIFA World Cup 2022 in Qatar.
• THEY LIED TO US: World Health Summit Member Admits COVID Lockdowns Were Political Not Scientific (VIDEO).
• Yoel Roth Pushed for a Permanent Suspension of GOP Rep. Matt Gaetz Even Though He Didn’t Violate Twitter Rules.
• JUST IN: Arizona Attorney General Nominee Abe Hamadeh Files Election Contest Lawsuit – FILING INCLUDED.

The Epoch Times:

• Chinese Regime Stresses Social Stability in Response to COVID Protests.

Twitter:

• @MrAndyNgo - Through releases from #TwitterFiles, disgraced ex-Twitter Trust & Safety head @yoyoel is revealed to be a left-wing activist who had a political agenda. He secretly had certain hashtags added to blacklists in addition to many other duplicitous actions.
• @ToscaAusten - Don’t forget. The Obama administration gave a publisher $3.5 billion to publish Common Core textbooks—later the publisher paid Obama $65 million for a book deal. Quid pro quo. GenZ=Leftist brainwashing.
• @libsoftiktok - No wonder Twitter banned the word groomer. Presumably the former head of “trust and safety” @yoyoel made that decision. It’s all making sense now.
• @CitizenFreePress - MD Paul Marik: “In my hospital... they wanted me to use Remdesivir — it increases your risk of kidney failure 20 fold & increases your risk of dying by about 4%... The federal gov't will give hospitals a 20% bonus if you prescribe this toxic medication.” (video) 
• @riseupandresist - Melbourne The Insanity Continues ....So it begins. The Defibrillators have started rolling out in suburban streets...I wonder why. (pic)
  
• @247ChinaNews - Jinan - At night still miles-long queuing. The queue is even longer than that of going to a fever clinic overnight in Beijing. (video)
• @PriapusIQ - U.S. ENERGY ENVOY HOCHSTEIN CALLS INVESTOR HOSTILITY TO SHALE DRILLING "UN-AMERICAN" -FT.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 903,327 Reports(+2,295 from prior week) Through November 25th, 2022.
  

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). 
• COVID Money Tracker. Tracking the Covid response.
  

Night Trading

• Asian indices are -1.0% to unch. on average.
• Asia Ex-Japan Investment Grade CDS Index 132.0 -1.0 basis point.
• China Sovereign CDS 75.25 unch.
• China Iron Ore Spot 110.8 USD/Metric Tonne -.65%
  
• Bloomberg Emerging Markets Currency Index 47.8 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 48.1 -.11%.
• Bloomberg US Financial Conditions Index -.65 -6.0 basis points. 
  
• Volatility Index(VIX) futures 25.1 +.01%. 
• Euro Stoxx 50 futures n/a.
• S&P 500 futures -.16%.
• NASDAQ 100 futures -.24%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• (COUP)/.10
• (ORCL)/1.17
  

Economic Releases 

2:00 pm EST

• The Monthly Budget Statement for Nov. is estimated at -$248.0B versus -$191.3B in Oct.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The UK Industrial Production report and the 3/10 Year T-Note auctions could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are modestly lower, weighed down by consumer and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 25% net long heading into the week.

Today's Headlines

Bloomberg:

• Traders Ramp Up Bets on Europe Bond Selloff.   
• Arctic Weather Finally Hits Europe and Will Test Energy Supplies.
• Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout.  
• World’s Top Money Managers See Global Stocks Recovering in 2023.
• Goldman’s Waldron Says ‘Bumpy’ China Reopening a Growth Risk.
  
• Sinopec Signs Refining, Chemical Deals with Saudi Arabia Firms.   
• Rebel Farmers Are Pushing Back on Climate Action. This is Why.
• The 24 Hours of Hikes That End Year of Fighting Inflation.
• Fed’s Inflation Hawks Bullard and Waller Among Key Officials to Watch.  
• Credit Market Investors are Watching for a Federal Reserve Pivot.
• Twitter Relaunches Twitter Blue Monday With Two-Tiered Pricing.  
• Venture Investors Bid $3 Billion for Phoenix Suns, Mercury: WSJ.  
• BlackRock Facing More Blowback Over ESG as GOP Pressure Mounts.  
• Caroline Ellison Hires SEC’s Former Top Crypto Cop for FTX probe.   
• Hedge Funds Lure Oil Traders With Seven-Figure Signing Bonuses.
  
• Biden Cements Trump-Era Steel, Aluminum Tariffs in WTO Snub.
  
• Shedding the LBO Albatross, China Debt Plans: Credit Weekly. 
• Charting the Global Economy: Central Banks Start to Pause Hikes.

Wall Street Journal:  

• Binance Aims to Calm Investors, but Finances Are Vague.
• The Rise and Fall of Respectability.
• No Job Interview Required in Tight Labor Market.
• Employers Rethink Need for College Degrees.
• Lamborghini Looks to the Past With an EV Future.
• California Long Ruled Shipping in U.S. Importers Look to East.
• Europe Hit by Shortages of Antibiotics.
• Facebook Mom Groups Really Do Stress Women Out.
• Higher-for-Longer Rates Are Hammering Bank Stocks.
• Winter Storm to Move Across Much of U.S. as Holidays Approach.

Barron's:

• Had bullish commentary on (CVS), (RRX) and (IAC).

CNBC:

• Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’.
• Not just Twitter. LinkedIn has a fake account problem it’s trying to fix.
• Crypto.com CEO has history of red flags, such as bankruptcy, quick exits.
• Wall Street thinks inflation has peaked. Small businesses are preparing for more pain.

Zero Hedge:

• Musk: Twitter Child Porn Failures 'A Crime'.
• THE TWITTER FILES: The Removal Of Donald Trump, Part 1.
• American Sports Journalist Dies Suddenly In Qatar.
• Can You Guess What Percentage Of Americans Are Having Trouble Paying Their Grocery Bills?
• NASA's Orion Spacecraft Will Return To Earth At 25,000 MPH, Splashing Down Off Baja California.
• Perfect Storm Fuels Massive Natural Gas Price Spikes On West Coast.
• Pentagon Chief Warns Putin Is "Modernizing & Expanding" Nuclear Arsenal.
• Gaetz: McCarthy Is Not The Right Leader For The Moment.
• Snap And Other Tech Firms Want Employees Back In The Office.
• Cross-Dressing Book For Pre-K Students Crossed The Line.
• "Insidious": Madonna, Jimmy Fallon, Gwyneth Paltrow And Other Celebs Sued Over NFT Endorsements.
• Growing Number Of CEOs Issue Warnings About Retail Theft 'Epidemic' Across US.
• Digital Currency: The Fed Moves Toward Monetary Totalitarianism.
• A Half-Serious Prediction Of What The Next Two Years Will Look Like.
• NYC Health Officials Urge Residents To Mask Up Amid 'Tridemic'.
• Luongo: EU's Oil Price Cap Is "Simply Moronic", Chindia Already Filling Gaps.
• Russian Media Laughs At US Government's Woke Trade For Griner Instead Of Whelan.
• 'Just Stop Oil' Activists Admit Using Petrol Cars, Claim They're Not Hypocrites.
• Former French Secret Service Head: Mass Migration "Threatens Civil Peace".
• To End Climate Lunacy, Stop Treating Warming & C02 Hysterically.
• Gun Shops And Customers Claim Credit Card Firms "Restrict" Firearm Purchases.
• Judge Blocks Depositions Of 3 High-Ranking Biden Admin Officials In Big Tech–Government Collusion Case.
• DNA From 2 Million Years Ago Reveals Arctic Utopia That Was 50-65 Degrees Warmer.
• FDA Says Ivermectin Doesn't Work Against COVID-19 But Points To Studies That Show It Does.
• 9 Million Millennials Moved Back In With Their Parents This Year.
• Americans Dumbed Down On Russia.

MarketWatch.com:              

• Why stock-market investors shouldn’t count on a ‘Santa Claus’ rally this year.
  
• ‘The more damage you do now, the more jail time’: Binance’s Zhao warned FTX founder Sam Bankman-Fried in crypto group chat.
  
• Sam Bankman-Fried’s next appearance in front of politicians may not be as pleasant.
  
• This little-known but spot-on economic indicator says recession and lower stock prices are all but certain.

NewsMax:  

• Trump's Election Qualms 'Last Straw' for Twitter, Newest Doc Dump Reveals.
• Twitter Confirms Shadow Banning Conservatives.

TheGatewayPundit.com:

• HUGE: Runbeck Whistleblower Reveals That Chain Of Custody For OVER 298,942 Maricopa County Ballots Delivered To Runbeck On Election Day Did Not Exist, Employees Allowed To Add Family Members’ Ballots Without Any Documentation.
• BREAKING: Kari Lake Files 70 Page Lawsuit to Throw Out Arizona Midterm Election Results – Claims HUNDREDS of Thousands of Illegal Ballots, 59% of ED Precinct Machine Failures, Tens of Thousands of Illicit Mail-in Ballots – FILING INCLUDED.
• MUST SEE: Bolsonaro to FIGHT ON! Speaks to Massive Sea of Supporters After 41 Days of Silence: “I Will Give My Life for My Country! We Will Win!” (Video).
• BREAKING: Twitter Files Part 4: Senior Execs Create Justifications to Ban Trump – Seek a Change of Policy for Trump Alone, Distinct From Other Political Leaders. 
• Texas GOP Joins Arizona GOP, Calls For Ronna Romney McDaniel to Resign After She Oversees 5 Election Losses in a Row. 
• Elon’s Twitter Is Still Infiltrated with Former FBI and CIA Agents – These Agents Are Frantically Scrubbing Their LinkedIn Accounts, Read the List Here.
• Musk Agrees that “It’s a Crime” Three Twitter Employees Refused “to Take Action on Child Exploitation for Years”.
• “We’re Witnessing Evil Trying to Burn this Country to the Ground” – Christina Bobb on the Communist Left Today.
• CAUGHT IN LIES: Latest Twitter Files Release Reveals Feds and Twitter Both Caught Lying, Hiding Evidence in Major Lawsuit; Missouri Attorney General Eric Schmitt Calls Them Onto the Carpet.
• Bolsonaro Speaks: “I Will Give My Life for my Country! We Will Win!”.
• Detroit School Board Trying To Cancel Dr. Ben Carson By Removing His Name From A School.
• Self-Proclaimed ‘Liberal Sherpa’ – Who Previously Sued Tucker and Hannity – Arrested For Kidnapping Her 88-Year-Old Mother and Scamming Her Out of $224,000.
• VIDEO: African WH Reporter Simon Atebe: Biden Administration a “Disaster” – The “Level of Discrimination Against Me is Outstanding”.
• US Army Col. Poses in Uniform with “Pup Mask” – Secret Army Pup Kink Patrol Exposed!
• EXCLUSIVE: Twitter Tweet Released Tonight Shows Its Mgmt Preparing Secret Channel to Work with Deep State on Election Tweet Responses – As TGP Previously Reported.
  

The Epoch Times:

• As China Loosens COVID-19 Restrictions, Protesters Fear Retribution.

Twitter:

• @The_Real_Fly - PUBLISHED MATERIAL BY TWITTER SHOWS EMPLOYEES HAD ACCESS TO USER DMs, AMONGST OTHER THINGS. NATO Secretary General Stoltenberg warned that the war in Ukraine could get out of control. “I’m afraid that the war in Ukraine will get out of hand and develop into a big war between NATO and Russia,” Stoltenberg said.
• @KariLakeWarRoom - Do you remember the agonizing two week period following election day? When it seemed like Maricopa County was pulling random assortments of ballots out of nowhere? That's because they were pulling random assortments of ballots out of nowhere. Do you think the signatures match?
• @realLizUSA -  “The number of illegal votes cast in Arizona’s general election on November 8, 2022 far exceeds the 17,117 vote margin… “Witnesses who were present…show hundreds of thousands of illegal ballots infected the election in Maricopa County.”
• @DrAseemMalhotra - ‘It’s my duty as a cardiologist to urgently inform every Dr, patient & member of the public that the mRNA product is a likely contributory factor in all unexpected cardiac arrests,heart attacks,strokes,cardiac arrhythmia & heart failure since 2021 until proven otherwise’. (video)
• @MrAndyNgo - In the latest #TwitterFiles, it is revealed that Twitter Elections & Crisis Response Lead, Patrick Conlon, was one of several decision-makers who pushed for jokes by conservatives to be a basis for TOS strikes. Conlon worked intelligence for years at the US Department of Defense.
• @fxmacro - Investment portfolios owned by individual investors have lost a combined $350 billion this year, Bloomberg reports. The average retail trader’s portfolio is down 30% in 2022, compared to the S&P’s 17% loss, per Vanda Research…
• @IGSquawk - Weekend markets update: #DAX 14305 -0.07% #DOW 33438 -0.06% #NASDAQ 11558 +0.11% #FTSE 7460 +0.07% #HANGSENG 19564 +0.00% #GBPUSD 12268 -0.02% #EURUSD 10533 0.00% #USDJPY 13660 0.00%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 903,327 Reports(+2,295 from prior week) Through November 25th, 2022. 

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).