Today's Headlines

Bloomberg:

• Putin Says Russia to Place Tactical Nuclear Arms in Belarus.
• Valley National, First Citizens Said to Bid on Silicon Valley.
• US Mulls More Support for Banks While Giving First Republic Time.
• The Flight to Safety Is About the Next Recession, Not Banks.
• Why Credit Suisse Finally Came Apart.
• Credit Suisse Wouldn’t Have Lasted Another Day, Minister Says.
• Bank Chaos Tests Traders’ Nerves and Rewards Those Doing Nothing.
• Fed’s Preferred Inflation Gauge Seen Staying Elevated.
• Billionaire Chris Rokos De-Risks Hedge Fund After Losses.
• Microsoft Threatens Data Restrictions In Rival AI Search.
• Work From Home Endures, Defying Pushback From Bosses Like Dimon.
• Coinbase, Do Kwon, Lindsay Lohan Are All Ensnared by Widening Crypto Dragnet.
• Bond Traders Go All-In on US Recession Bets That Defy Fed View.
• Black Swan Funds Have a Moment as Investors Hedge Market Doom.
  
• Corporate Debt Becomes Market of Haves, Have-Nots: Credit Weekly.

Wall Street Journal:

• The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion. Goldman Sachs says the uncapped tax credits will cost three times what Democrats claimed.
• The Military Should Reject DEI and CRT. The Pentagon’s relentless focus on racial differences endangers our readiness to deter, fight and win wars.
• What’s Behind Train Derailments and Are They Happening More?
• Lessons on Running a Failed Bank From an FDIC Veteran.
• Welcome to the Superprime Banking Crisis.
• A TikTok Ban May Be Just the Beginning.

Barron's:

• Had bullish commentary on (HUM).
• Had bearish commentary on (SCHW) and (DG).

Fox News:

• Handyman turns the tables on squatters who took over his mother's home.

CNBC:

• Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads.
• Historic UAW election picks reform leader who vows more aggressive approach to auto negotiations.
• Why there may be no return to ‘normal’ for the U.S. used vehicle market.
• Nearly $100B pulled from banks; officials call system ‘sound and resilient’.
• U.S. reportedly considers more support for banks while giving First Republic time to shore up balance sheet.
• Cargo theft, led by food and beverage, is surging across the U.S.

Zero Hedge:

• "Unfathomable Devastation": At Least 23 Dead After Tornado Tears Through Mississippi.
• Denver Suburb Caps Number Of Gas Stations To 'Promote Electric Vehicles'.
• US State Department Lifts 'Assignment Restrictions' Used To Discourage Foreign Recruiting.
• As We Sell Off Our Strategic Oil Reserves, Ponder This.
• Commercial Real Estate Faces Perfect Storm: The Demise Of Downtown Office Buildings.
• Hartnett: Commercial Real Estate Is The Next Shoe To Drop.
• The Disinformation-Industrial Complex Vs Domestic Terror.
• The ESG "Cover Your Ass" Tour Begins As Managers Scramble To Remove References In Pitch Decks.
• Off-Duty Pilot Enters Southwest Cockpit To Help After Pilot Suffers Medical Emergency.
• Don’t Believe The Hype: Woke Is Real And It’s Dangerous.
• "Significant" Amount Of Toxic Waste From Ohio Train Derailment Heads To Baltimore.
• The Great Credit Unwind & Powell's Hidden Pivot.
• "I'm A Woman": Left Wing Host Ana Kasparian Triggers Woke Mob Over "Trans-Exclusionary" Language.
• The Hierarchy Of Money And The Case For $8,000 Gold.
• Das: Is A Full-Blown Global Banking Crisis In The Offing?
• Stockman: Raiding The Taxpayer Piggy-Bank.
• Russia To Station Tactical Nukes In Belarus By July, Putin Says On State TV.
• Mystery Object Found Near Nord Stream Pipelines Could Point To Culprit.
• Ray Epps Hires Lawyer With Ties To FBI-Linked Perkins Coie, Threatens Tucker Carlson.
• Think Of The Zoomers! Democrat Activists Worry TikTok Ban Would Be 'Slap In The Face' To Young Voters.
• Many CDC Blunders Exaggerated Severity Of COVID-19: Study.
• Miami Prepares For "Lawlessness And Carnage" Weekend As Mayor Vows To End Spring Break.
• Defunded Austin Cops Take So Long To Respond To DUI That Driver Sobers Up, Walks Free.
• Stuck in fat and flat, but...
• FDA Notice: Common Stroke Medication Recalled Over Cancer-Causing Chemical.
• Florida NAACP Seeks National Advisory Against Black Travel To Sunshine State.
• How They Convinced Trump To Lock Down.
• Biden Says "Banks In Pretty Good Shape" As Small Banks See Biggest Deposit Outflow On Record.
• The Fed Is Pushing The Accelerator & The Brake Pedals At The Same Time.
• Julie Kelly: Informants Everywhere.
• Financial Stability Oversight Council Releases 'Nothingburger' Statement.
• The Hierarchy Of Money And The Case For $8,000 Gold.
• Strong PMI data and hawkish Fed speak knocks bonds off peaks - Newsquawk US Market Wrap.
• Hundreds Of Funds On Brink Of Losing ESG Ratings.
• 'What Lies Beneath'? Market Headlines Mask Mayhem Below The Surface This Week.
• "It's A Crisis Built On A Crisis We Never Solved" - Rick Santelli Rages "How Can Anyone Be Shocked?".

MarketWatch.com:      

• Bank of America identifies the next bubble and says investors should sell stocks rather than buy them after the last rate hike.
• Small U.S. banks lose 1.9% of their deposits after SVB failure.
• Is the deposit insurance system broken? Nine things you need to know about how your bank accounts are covered — and how the system could change.
• The human cost of bank failures.
• These charts suggest the U.S. 10-year Treasury yield’s uptrend has ended.
• Junk-bond defaults eclipse past two years in 3 months as Wall Street braces for credit crunch.

NewsMax:

• Dershowitz: Leftist McCarthyism Targets Trump Defenders.
• Poll: Most Say Charges Would Help Trump or Have No Impact.

TheGatewayPundit.com:

• EXCLUSIVE VIEW FROM BACKSTAGE: Crowd at Trump Rally Is HUGE (VIDEO).
• Pregnant Dunkin Cashier Seeks Medical Attention After $10 Bill from Customer Contained Fentanyl.
•   House Republicans Call for Pause on Offshore Wind Projects After Animals Keep Beaching Themselves.
• NEW REPORT Reveals NUMEROUS Undercover DC Police Infiltrating Trump J-6 Crowd – Urging Them to Move to The Capitol and Climb Scaffolding #FedSurrection.
• EXCLUSIVE: You Thought Dominion Had Issues – The Latest Election Technology Is Absolutely Frightening.
• This Week in Ukraine: Soldiers Storm Orthodox Monastery, Arrest Priest During Service, Cut Off Access to Sacred Caves, Close Three Orthodox Churches.
• Biden in Address to Canadian Parliament: “I Applaud China For Stepping Up. Excuse Me, Canada!” (VIDEO).
• Macron’s Pension Reform Ignites Biggest Protests in 50 Years, and Chaos in France Forces King Charles III to Postpone State Visit With Lavish Ball in Versailles Palace.
• TUCKER Shows MSNBC Video of Trump Supporters on Jan 6 Throwing Things at Capitol Police – They Were Doing This Because Police Were Killing Rosanne Boyland.
• “WEAPON OF MASS DESTRUCTION”: Mexican Resident Charged With Possessing OVER 1 MILLION Fentanyl Pills Equaling 108 Kilograms With Intent to Sell in Arizona AND 2.5 Million+ Pills Seized at The Border Last Week.
• BREAKING UPDATE: Maricopa County Judge Issues Order Setting Schedule For Kari Lake’s Signature Verification Fraud Challenge, Conference on MARCH 30 – ORDER INCLUDED.
• National Crisis: CDC Says 1 in 36 Children Now Identified with Autism Spectrum Disorder.
• Oregon Democrats Seek to Create Sanctuary State for Kids to Get Abortions and Sex Changes Without Parental Consent.

The Epoch Times:  

• Xi and Putin Are Pushing to Create New China-Led ‘International Totalitarian Order’: Analysts.
• House China Committee Hears Abuse of Uyghurs in CCP’s ‘Re-Education’ Camps.
• France to Ban TikTok on Work Phones of Civil Servant: Minister.
• Biden Admin’s Silence on Middle East Invites China to Fill Power Vacuum: Sen. Lankford.
• Number of US Students Studying in China Drops to 20-year Low; Chinese Students Remain Largest Group of International Students in US.

Twitter:

• @ChedderFlow - Call options on the $VIX Index signaled traders bracing for a jump in volatility. (graph)
• @TheChiefNerd - Dr. John Campbell Reviews Newly Released Pfizer Biodistribution Data from Jan 2021. "I think we can be certain this information was on Anthony Fauci's desk...Bear in mind all this was known before the vaccines were approved...I'm struggling for words." (video)
• @spotlightoncn - More states legislators working on bills to tackle China’s growing presence on US soil. (video)
• @jessefelder - 'WARN notices point to increasing unemployment applications going forward.' (graph)
• @Fxhedgers - CHINA AMBASSADOR TO AUSTRALIA XIAO QIAN SAYS 'TAIWAN WILL BE OURS'.
• @chigrl - United States: Credit card balances expanding quickly. (graph)
• @stkirsch -  Georgia State Senator Rick Williams. He’s a funeral director. His embalmer noticed the strange clots happening after the COVID vaccines rolled out in 30% of the cases. Listen to what he has to say about COVID vaccine injuries. (video)
• @zerohedge - CRE exposure by bank. (table) Small banks account for 70% of total CRE loans. (graph) CRE debt maturities: $2.5TN in next 5 years. (graph) Lots of false guesstimates on CRE market: the facts - size of CRE market is $11 trillion, $4.5 trillion in debt outstanding, banks account for 38% (small banks 28%, large banks 7%). The bulk of small bank deposit growth has gone into CRE. (graph)
  
• @IGSquawk - Weekend markets update: #DAX 15016 -0.06% #DOW 32250 -0.17% #NASDAQ 12789 -0.07% #FTSE 7426 -0.04% #HANGSENG 19882 -0.04% #GBPUSD 12230 -0.01% #EURUSD 10758 -0.01% #USDJPY 13074 +0.02%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 943,911 Reports(+1,877 from prior week) Through March 10th, 2023. 

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.

Weekly Scoreboard*

 

S&P 500 3,955.7 +.9%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 32,191.7 +.9%

• NASDAQ 11,787.9 +1.2%

• Russell 2000 1,726.0 -.13%

• NYSE FANG+ 5,912.9 +2.5% 
• Roundhill Meme Stock ETF 6.08 +1.5%
  

• Goldman 50 Most Shorted 132.90 -1.8%

• Wilshire 5000 39,512.5 +.86%

• Russell 1000 Growth 2,372.94 +1.1%

• Russell 1000 Value 1,440.30 +.58%

• S&P 500 Consumer Staples 759.52 +1.2%

• MSCI Cyclicals-Defensives Spread 1,127.1 +1.14%
  

• NYSE Technology 3,037.8 +.93%

• Transports 13,638.3 -.92%

• Utilities 902.5 -2.2%

• Bloomberg European Bank/Financial Services 74.0 -2.4%
  

• MSCI Emerging Markets 38.7 +2.9%

• HFRX Equity Hedge 1,447.31 +.14%

• HFRX Equity Market Neutral 923.9 +.11%

Sentiment/Internals

• NYSE Cumulative A/D Line 446,019 -.38%
• Nasdaq/NYSE Volume Ratio 6.0 +213.2%

• Bloomberg New Highs-Lows Index -460 +13
  

• Crude Oil Commercial Bullish % Net Position -25.7 +.5%

• CFTC Oil Net Speculative Position 176,219 -14.8%

• CFTC Oil Total Open Interest 1,767,660 +.72%

• Total Put/Call 1.07 +5.9%

• OEX Put/Call 1.23 +7.9%

• ISE Sentiment 81.0 -4.0 points
  

• NYSE Arms .97 -47.6%
  
• Bloomberg Global Risk-On/Risk-Off Index 46.6 +12.8%
• Bloomberg US Financial Conditions Index -.84.0 -11.0 basis points
• Bloomberg European Financial Conditions Index -4.65 -51.0 basis points
  

• Volatility(VIX) 22.4 -11.2%
• DJIA Intraday % Swing 1.18% -19.2%

• CBOE S&P 500 Implied Correlation Index 38.3 -10.2%

• G7 Currency Volatility (VXY) 10.15 -3.7%
  

• Emerging Markets Currency Volatility (EM-VXY) 11.8 -.34%

• Smart Money Flow Index 12,693.0 +.92%
• NAAIM Exposure Index  53.2 +11.3
  

• ICI Money Mkt Mutual Fund Assets $5.132 Trillion +2.3%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$.699 Million

• AAII % Bulls 20.9 +8.9%

• AAII % Bears 48.9 +1.0%

Futures Spot Prices

• CRB Index 257.78 +1.23%

• Crude Oil 69.23/bbl. +4.2%

• Reformulated Gasoline 259.34 +4.4%

• Natural Gas 2.21 -6.7%
• Dutch TTF Nat Gas(European benchmark) 41.1 euros/megawatt-hour -4.7%
  

• Heating Oil 270.5 +1.3% 
• Newcastle Coal 190.0 (1,000/metric ton) +8.6%
  

• Gold 1,976.17 -.2%
• Silver 23.1 +2.8%
  

• S&P GSCI Industrial Metals Index 445.3 +2.8%

• Copper 406.80 +4.5%

• US No. 1 Heavy Melt Scrap Steel 453.0 USD/Metric Tonne -1.5%

• China Iron Ore Spot 118.3 USD/Metric Tonne -5.9%

• Lumber  411.0 -9.2%

• UBS-Bloomberg Agriculture 1,508.54 -.83%
• US Gulf NOLA Potash Spot 365.0 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 1Q Forecast +3.18% -6.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate
  
• Bloomberg US Recession Probability Next 12 Months 60.0% unch.
  

• NY Fed Real-Time Weekly Economic Index 1.06 +11.6%

• US Economic Policy Uncertainty Index 227.3 +173.7%

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 226.23 +.41:  Growth Rate +1.7% +.2 percentage point, P/E 17.5 unch. 
  
• S&P 500 Current Year Estimated Profit Margin 12.34% -2.0 basis points
  

• Citi US Economic Surprise Index 61.2 +10.5 points

• Citi Eurozone Economic Surprise Index 52.6 +4.2 points

• Citi Emerging Markets Economic Surprise Index 20.2 -.6 point

• Fed Fund Futures imply 0.0%(-25.3 percentage points) chance of -25.0 basis point cut to 4.5-4.75%, 83.0%(+29.0 percentage points) chance of no change, 17.0%(-3.7 percentage points) chance of +25.0 basis point hike to 5.0-5.25% on 5/3
  

• US Dollar Index 103.12 -.70%

• MSCI Emerging Markets Currency Index 1,691.4 +.95%
  

• Bitcoin/USD 27,732.7 -.6%

• Euro/Yen Carry Return Index 146.79 +.14%
  

• Yield Curve(2s/10s) -40.0 +8.0 basis points
  

• 10-Year US Treasury Yield 3.36% -4.0 basis points
  

• Federal Reserve's Balance Sheet $8.697 Trillion +1.1%

• U.S. Sovereign Debt Credit Default Swap 44.7 +4.5%
  

• Illinois Municipal Debt Credit Default Swap 184.26 +.21%
  

• Italian/German 10Y Yld Spread 189.0 -6.0 basis points
• UK Sovereign Debt Credit Default Swap 29.7 +19.9%
  

• China Sovereign Debt Credit Default Swap 87.47 +14.4%
  

• Brazil Sovereign Debt Credit Default Swap 252.39 +1.7%
  

• Israel Sovereign Debt Credit Default Swap 59.1 -7.1%

• South Korea Sovereign Debt Credit Default Swap 44.7 +5.7%

• China Corp. High-Yield Bond USD ETF(KHYB) 26.8 -.63%

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.6% unch.
  
• Zillow US All Homes Rent Index YoY +6.3% unch.
  
• US Urban Consumers Food CPI YoY +9.5% unch.
  
• CPI Core Services Ex-Rents YoY 6.15% unch.
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +4.73% unch.: CPI YoY +5.22% unch.
  
• 10-Year TIPS Spread 2.23% +12.0 basis points

• TED Spread 53.5 -6.25 basis points
  
• 2-Year Swap Spread 32.0 +3.75 basis points

• 3-Month EUR/USD Cross-Currency Basis Swap -25.25 +5.0 basis points

• N. America Investment Grade Credit Default Swap Index 86.77 +.1%
  

• America Energy Sector High-Yield Credit Default Swap Index 286.0 +.5% 
• Bloomberg TRACE # Distressed Bonds Traded 449.0 +1.0
  

• European Financial Sector Credit Default Swap Index 117.51 -8.9%
• Deutsche Bank Subordinated 5Y Credit Default Swap 497.6 +29.5%

• Emerging Markets Credit Default Swap Index 255.48 -3.4%
  

• MBS 5/10 Treasury Spread 159.0 unch.
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 656.0 +22.0 basis points
• Avg. Auto ABS OAS .90 +18.0 basis points
  

• M2 Money Supply YoY % Change -1.7% unch.
  

• Commercial Paper Outstanding 1,118.0 -3.9%

• 4-Week Moving Average of Jobless Claims 196,250 -.13%
  

• Continuing Claims Unemployment Rate 1.2% unch.
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 47.3 -5.5%
  

• Average 30-Year Fixed Home Mortgage Rate 6.79% -21.0 basis points
  

• Weekly Mortgage Applications 221,000 +3.0%

• Weekly Retail Sales +2.9% +10.0 basis points
  
• OpenTable US Seated Diners % Change from 2019 +129.5% n/a
• Box Office Weekly Gross $152.8M +1.4%
  

• Nationwide Gas $3.44/gallon -.02/gallon

• Baltic Dry Index 1,484.0 -3.3%

• China (Export) Containerized Freight Index 977.1 -1.6%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 60.0 unch.
• Truckstop.com Market Demand Index 46.6 +2.2%

• Rail Freight Carloads 226,046 -1.5%
• TSA Total Traveler Throughput 2,189,372 -13.0%
  

Best Performing Style

• Large-Cap Growth +1.0%

Worst Performing Style

• Small-Cap Value +.1%

Leading Sectors

• Video Gaming +3.8%

• Electric Vehicles +3.4%
• Gold & Silver +2.6%
  

• Pharma +2.1%
  

• Foods +2.1%
  

Lagging Sectors

• Banks -1.7%
  

• Road & Rail -1.7%
  

• Utilities -2.3%

• Airlines -2.4%
  

• REITs -2.4%
  

Weekly High-Volume Stock Gainers (7)

• ATVI, HCC, KRC, TALO, WAL, ISRG and ATRC
  

Weekly High-Volume Stock Losers (15)

• HRI, ASAI, CRH, HLT, URI, INCY, CHWY, LPLA, ZNTL, TRUP, BBIO, PDD, PTCT, GTLB and RILY
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Slightly Lower into Afternoon on Rising European/Emerging Markets/US High-Yield Debt Angst, US Policy-Induced Stagflation Fears, Tightening Global Financial Conditions, Tech/Alt Energy Sector Weakness

 Broad Equity Market Tone:

• Advance/Decline Line: Modestly Lower
  

• Sector Performance: Mixed
  

• Volume:  Above Average

• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• Volatility(VIX) 22.9 +1.4%
• DJIA Intraday % Swing 1.11%
  
• Bloomberg Global Risk On/Risk Off Index 46.2 -.9%

• Euro/Yen Carry Return Index 146.9 -.66%

• Emerging Markets Currency Volatility(VXY) 11.8 +.1%

• CBOE S&P 500 Implied Correlation Index 39.2 -.7% 

• ISE Sentiment Index 81.0 +3.0 points
  

• Total Put/Call 1.07 -3.6%

• NYSE Arms 1.01 -10.6%

Credit Investor Angst:

• North American Investment Grade CDS Index 86.4 +.6%
  

• US Energy High-Yield OAS 458.1 +2.1%
• Bloomberg TRACE # Distressed Bonds Traded 449.0 +9
  

• European Financial Sector CDS Index 117.32 +2.8% 
• Deutsche Bank Subordinated 5Y Credit Default Swap 496.6 +1.8%
  

• Italian/German 10Y Yld Spread 188.0 basis basis points +1.0 basis point
  

• Asia Ex-Japan Investment Grade CDS Index 145.4 +4.5%
  

• Emerging Market CDS Index 255.0 -.9%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 26.8 -.2%

• 2-Year Swap Spread 32.0 basis points +.25 basis point
  

• TED Spread 53.5 basis points +16.5 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -25.25 -7.0 basis points
  
• MBS  5/10 Treasury Spread  157.0 +5.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 656.0 +7.0 basis points
  
• Avg. Auto ABS OAS 90.0 unch.
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 47.6 -.2%
• 3-Month T-Bill Yield 4.60% -1.0 basis point
  

• China Iron Ore Spot 118.2 USD/Metric Tonne -1.2%
• Dutch TTF Nat Gas(European benchmark) 41.1 euros/megawatt-hour -4.8%

• Citi US Economic Surprise Index 61.2 +9.9 points

• Citi Eurozone Economic Surprise Index 52.6 +8.6 points
  

• Citi Emerging Markets Economic Surprise Index 20.2 -.4 point
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 226.23 +.03:  Growth Rate +1.7% unch., P/E 17.5 -.2
  
• S&P 500 Current Year Estimated Profit Margin 12.34% +4.0 basis points
  
• Bloomberg US Financial Conditions Index -.86 -16.0 basis points
  
• Yield Curve -40.0 basis points (2s/10s) +2.5 basis points
• US Atlanta Fed 1Q GDPNow Forecast +3.19% -6.0 basis points
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +4.73% unch.: CPI YoY +5.22% unch.
  
• 10-Year TIPS Spread 2.23 -4.0 basis points
  
• Highest target rate probability for June 14th FOMC meeting: 64.8%(+10.9 percentage points) chance of 4.75%-5.0%. Highest target rate probability for July 26th meeting: 58.7%(+10.1 percentage points) chance of 4.50%-4.75%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -275 open in Japan 
• China A50 Futures: Indicating +9 open in China

• DAX Futures: Indicating +187 open in Germany

Portfolio:

• Higher:  On gains in my utility/medical sector longs and emerging market shorts
  

• Disclosed Trades:  Covered some of my (IWM)/(QQQ) hedges
  

• Market Exposure: Moved to 50% Net Long
  

Bear Radar

Style Underperformer:

• Mid-Cap Growth -1.0%
  

Sector Underperformers:

• 1) Alt Energy -2.3% 2) Semis -2.0% 3) I-Banks -1.8%

Stocks Falling on Unusual Volume: 

• SHEL, URI, HLT, PHG, AKRO, HRI, IBKR, ZNTL, CHWY, ETNB, TRUP, INCY, PDD, TRMD, PTCT, GTLB and RILY
  

Stocks With Unusual Put Option Activity:

• 1) FRC 2) OZK 3) ARI 4) RF 5) PACW
  

Stocks With Most Negative News Mentions:

• 1) SCHL 2) OXM 3) HUMA 4) INCY 5) SQ
  

Charts:

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

Bull Radar

Style Outperformer:

• Small-Cap Value +.1%
  

Sector Outperformers:

• Utilities +1.7% 2) Gold & Silver +1.5% 3) Regional Banks +1.3%

Stocks Rising on Unusual Volume:

• TALO, ATVI, FHN, HCC, ISRG, AI, RBLX, PRCT and KRC
  

Stocks With Unusual Call Option Activity:

• 1) FRC 2) FHN 3) PACW 4) CMA 5) DPST

Stocks With Most Positive News Mentions:

• 1) AFYA 2) MITQ 3) RNW 4) CURV 5) DRMA
  

Charts:

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

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open: 

• (BNTX)/7.75
• (CCL)/-.60
  

After the Close: 

• (PVH)/1.67
  

Economic Releases

10:30 am EST

• The Dallas Fed Manufacturing Activity Index for March is estimated to rise to -10.0 versus -13.5 in Feb.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Jefferson speaking, Eurozone Trade Data report, 2Y T-Note auction and the (CIG) investor meeting could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST