Today's Headlines

Bloomberg:

• US Navy Shoots Down 14-Drone Wave as Shippers Avoid Red Sea.
• Netanyahu, Under Pressure Over Hostage Deaths, Vows to Press On.
• China’s iPhone Ban Accelerates Across Government and State Firms.
• BOJ Isn’t Ready for a Requiem to the Negative-Rate Era.
• ‘Underwater’ Car Loans Signal US Consumers Slammed by High Rates.
• Teamsters Vote to Authorize Strike at Budweiser Maker AB InBev.
• The 58 New Books Top Business Leaders Say Are Must-Reads.
• The Biggest Problem With Lab-Grown Chicken Is Growing the Chicken.
• GM, Ford and Tesla Contribute to Setback in EV Sales Growth.
• US Medical Schools Grapple With First Admissions Since End of Affirmative Action. 
• DocuSign Surges on Report That Company Is Exploring a Sale.
• Spamouflage Dragon Infiltrates Internet With Clumsy Pro-China, Anti-West Messages.

Zero Hedge:

• 10 Key Measures In The Mammoth Defense Policy Bill.
• Intentional Destruction: First COVID, Now Comes "The Great Taking".
• Illinois NAACP President Apologizes, Then Blames AI Deepfake, After Referring To Immigrants As "Savages".
• Boycott Harvard: Early Applications Plunge 17% As Hate Fills The Leftist Campus. 
• Homelessness Soars To Record High In America.
• Human Rights Advocates Urge Biden Administration To Blacklist Nigeria.
• Luongo: Running On Empty, The US Leaves Zelenskyy Hanging.
• Pfizer mRNA Vaccine Makes 'Aberrant Proteins', Experts Concerned About Autoimmunity Events.
• Pro-Vaccine Journalist Who Called for Punishment For Refusing Jab Dies Suddenly.
• Brazil To Mandate COVID-19 Shots For Kids As Young As 6 Months. 
• CDC Issues Health Advisory Over 'Low Vaccination Rates' Across US.
• Mark Zuckerberg Building Top-Secret Hawaii Doomsday-Bunker With Blast-Resistant Door.
• Harris Unveils New Gun Control Initiative Urging States To Ban Assault Weapons, High-Capacity Magazines.
• Senate Staffer Caught Making Gay Porn Video In Judiciary Hearing Room.
• Number Of Americans In Upside-Down Auto Loans Continues To Worsen. 
• GM's Cruise To Slash 24% Of Its Workforce As Part Of Restructuring. 
• Is the FOMO switch out of cash finally happening...? 
• Elon Musk Tells Italy: "Please Don't Import Woke Mind Virus From America" .
• CNN Town Hall Host Tries To Disrupt Vivek Ramaswamy As He Reveals Truth Behind J6.
• Boycott Harvard: Early Applications Plunge 17% As Hate Fills The Leftist Campus.
• "We're Just Uber Drivers", Border Patrol Agent Says America Is Being Destroyed.
• Rewarding Obesity, Southwest Giving Free Second Seats To 'Customers of Size'.
• Drug Companies To Face Inflation Penalties For 'Jacked Up' Prices, Says Biden.
• Death To Pedos: DeSantis Supports Execution For 'Sexual Battery' Against Children Under 12.
• How The Supreme Court Could Reshape Free Speech Online.
• "I'm With Him": Trump Secures Another GOP Senate Endorsement For 2024 Comeback Bid.
• Rudy Giuliani Ordered To Pay $148 Million To Defamed Election Workers.
• Bank Loan Volumes Shrink As Deposits Rise, But Trouble Is Brewing...
• Money For Nothing And Nothing For Money.
• "He Will Unravel The Institutions Of Our Democracy!": Supercut Of Dramatic Dems Freaking Out Over 'Dictator' Trump.
• FedSpeak Pushes Back On Powell 'Pivot' Panic-Bid In Bonds & Stocks.
• New York Post Says Harvard Made Legal Threats Over Its Plagiarism Probe Into Claudine Gay.
• "The Return Of YOLO": Goldman's Flow Guru Drops Top 25 Charts Of 2023, Hints At What's To Come In 2024.
• "We Saw Beta Chase, Degrossing, Short Squeezing And Longs Stopped In".
• Trans Athlete To Become First Male Recipient Of Women's Division 1 Scholarship.
• Fake Vendors And Cash Kickbacks: Ex-Facebook DEI Manager Stole More Than $4 Million In 'Elaborate' Criminal Scheme.
  

Wall Street Journal: 

• A Long-Shot Climate Bet Suddenly Turns Hot.
• Despite Record Home Prices, Housing Is About to Drag Inflation Down.
• An Antisemitic Occupation of Harvard’s Widener Library. Claudine Gay promised to prevent ‘disruptions of the classroom experience.’ How’s that working out?
• Mary Barra Spent a Decade Transforming GM. It Hasn’t Been Enough.
• Matthew Perry’s Death Darkens Ketamine’s Startup Glow.
• The Self-Checkout Even the Haters Will Love.
• How the Maker of ‘Fortnite’ Beat Google and Got Its Mojo Back. 

Barron's:

• Had bullish commentary on (GOOGL), (MSGS), (PEP), (BRK), (GOLD), (CVX), (HTZ) and (UHAL).

CNBC:

• Recent data shows AI job losses are rising, but the numbers don’t tell the full story.
• How the escalating U.S.-China tech war could hurt American companies.
• Citigroup employees, on edge over layoffs, told they can work remotely until the new year.

Reuters:

• China's ban on Apple's iPhone accelerates- Bloomberg News.
• Elon Musk says oil and gas should not be demonized.
• A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots.
• Wall St Week Ahead Epic Treasury rally may be running out of fuel as Fed pivot priced in.

MarketWatch.com:

• The housing market is starting to pick up now that mortgage rates are falling, Redfin says.
• U.S. and Britain say their navies shot down 15 attack drones over the Red Sea.
• ‘Magnificent Seven’ up for another bull run? What to expect from technology stocks in 2024.
• Opinion: S&P 500 is stretched but sell signals are nowhere in sight.
• Opinion: The growing risk of global disorder.
• Opinion: AI may not replace your job, but it’s going to remake your work. One thing must not change.

NewsMax:

• US Leaves Open Possibility of Hamas Retaining Power.
• Dem Arizona Gov. Orders Guardsmen to Border: Admin 'Refusing' to Do Job.
• Trump Coins New Term: 'Green New Scam'.
• Trump Repeats Vow to 'Indemnify' Police, Restore Law, Order.
• Poll: 51% of Young Americans Believe Israel Should be 'Ended'.

Fox News:

• Law firm Edelson will stop recruiting at Harvard over antisemitism testimony: ‘Silence is not an option’
• Biden scrambles to win back Black voters in swing states as support shifts to Trump.
• Controversial official leading Biden's electric vehicle push steps down in surprise move.
• Matthew Perry wrote openly about ketamine before it killed him: ‘Has my name all over it’.
• Fired professor who fought woke mandates rebukes board after judge strikes blow to DEI.

TheGatewayPundit.com:

• Shockingly Good: Bill Maher Throws Down – Explains Reality of the Genocidal “From the River to the Sea” Chant.
• Tucker Carlson Makes Ominous Comments on the Truth Behind UFOs: ‘Really Dark… There’s a Spiritual Component There I Don’t Fully Understand’ (VIDEO).
• Cleveland Browns Owner Jimmy Haslam Under Federal Investigation Over Bribery Claims: Report.
• Racist Democrat Boston Mayor Wu Proudly Shares Pics of Anti-White “Electeds of Color” Holiday Party.
• Watch: Dr. Phil Rips ‘Liberal Woke’ Universities for Fostering Anti-Semitism, ‘Intellectual Rot’.
• Democrat Donor and CEO of Palantir Trashes Corporate America and Calls Out Dems for Response to October 7th Terrorist Attack on Israel (Video).
• Gloves Off: Elon Musk Writes That DEI Initiatives Must DIE – And That Diversity, Equity, and Inclusion Are ‘Just Propaganda Words’.
• VIDEO: 29-Year-Old Professional Soccer Player Suddenly Collapses Without Contact on Field During Live TV Broadcast, Causing Match to Be Suspended.
• Use Gas-Powered Lawn Mower, Go to Jail, Dems Demand.
• Chicago Has Spent at Least $138M on Newly-Arrived Illegals. 
• Breaking: Georgia Elections Board “Continues” Investigation into 17,000 Ballot Images Missing from 2020 Presidential Election.
• BREAKING: DC Judge Orders America’s Mayor Rudy Giuliani to Pay $148 Million to Two Former Georgia Election Workers.
• Dr. Pierre Kory Discusses the Reason Why So Many Americans are Dying Early: “Something Happened in the Middle of COVID that Thou Shalt Not Speak its Name” (VIDEO).
• Pope Francis Considers Resigning, Decides To Be Buried Outside the Vatican, in the Basilica of St. Mary Major.
• Victor Reacts: Disgusting New Trend — Another School Board Official Sworn In on LGBTQ Books, Not the Bible (VIDEO).
• Matthew Perry’s Accidental Death Attributed to ‘Acute Effects of Ketamine’, Autopsy Report Reveals.
• FBI Officially Adopts More ‘Inclusive’ LGBTQIA+ Acronym, Replacing LGBT+.
• NY GOP Picks Mazi Melesa Pilip – a Registered Democrat – to Succeed Conservative George Santos to Represent New York’s 3rd Congressional District.
• Border Patrol Agent: “When Not Driving Illegals, We are Making them Sandwiches!” (Video).
• Chris Cuomo Shaken by Footage of Hamas Atrocities-Calls for Footage to Be Released to the Public (Video).
• WHAT COULD GO WRONG? Biden Fish and Wildlife Service Wants to Release Wolves Into Colorado Cattle Country.
• Just in: 10 IEDs Found at US-Mexico Border-U.S. Customs and Border Protection Issues Warning (Video).
• DEVELOPING: Credentialed “Blaze Media” Journalist CHARGED by FBI for Documenting J6 | INTERVIEW (VIDEO).
• Former FBI Counterintelligence Chief Who Investigated Trump-Russia Collusion Hoax Sentenced to Over 4 Years for Colluding with Russian Oligarchs.

Epoch Times:

• Lawmakers Condemn Hong Kong Officials for Placing Bounties on Activists, Including American.
• Collapse of China's Economic Model and What It Means for Us in the West.

X:

• @IGSquawk - Weekend markets update: #DAX 16724 -0.02% #DOW 37275 -0.02% #NASDAQ 16596 +0.01% #FTSE 7557 +0.05% #HANGSENG 16691 -0.21% #GBPUSD 12682 +0.00% #EURUSD 10897 +0.02% #USDJPY 14219 +0.03%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 997,917 Reports(+9,212 from prior week) Through November 3rd, 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 4,713.6 +2.3%

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 37,223.7 +2.6%

• NASDAQ 14,805.3 +2.8%

• Russell 2000 1,987.06 +5.3%

• NYSE FANG+ 8,614.2 +3.5% 
• Roundhill Meme Stock ETF 38.51 -1.1%
  

• Goldman 50 Most Shorted 158.9 +11.1%

• Wilshire 5000 47,155.4 +2.7%

• Russell 1000 Growth 3,019.7 +2.0%

• Russell 1000 Value 1,606.7 +3.0%

• S&P 500 Consumer Staples 749.14 +1.6%

• Bloomberg Cyclicals/Defensives Pair Index 141.7 +3.2%
  

• NYSE Technology 4,279.6 +4.0%

• Transports 16,011.3 +5.3%

• Utilities 876.3 +.7%

• Bloomberg European Bank/Financial Services 90.15 -.16%
  

• MSCI Emerging Markets 39.95 +2.4%

• Credit Suisse AllHedge Long/Short Equity Index 188.29 -.16%

• Credit Suisse AllHedge Equity Market Neutral Index 105.97 -.21%

Sentiment/Internals

• NYSE Cumulative A/D Line 471,207 +1.4%
• Nasdaq/NYSE Volume Ratio 5.4 -49.1%

• Bloomberg New Highs-Lows Index 1,863 +1,817
  

• Crude Oil Commercial Bullish % Net Position -23.3 +13.3%

• CFTC Oil Net Speculative Position 168,990 -7.7%

• CFTC Oil Total Open Interest 1,650,437 +5.54%

• Total Put/Call .83 -8.9%

• OEX Put/Call 1.22 +17.9%

• ISE Sentiment 145.0 +32.0 points
  

• NYSE Arms 1.68 +162.1%
  
• Bloomberg Global Risk-On/Risk-Off Index 57.4 -5.0%
• Bloomberg US Financial Conditions Index .67 +5.0 basis points
  
• Bloomberg European Financial Conditions Index .40 +8.0 basis points
  

• Volatility(VIX) 12.2 -.4%
• DJIA Intraday % Swing .65% +18.2%

• CBOE S&P 500 3M Implied Correlation Index 18.2 -10.2%

• G7 Currency Volatility (VXY) 8.23 +2.8%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.95 +.51%

• Smart Money Flow Index 14,483.6 +5.7%
• NAAIM Exposure Index  78.0 +2.9
  

• ICI Money Mkt Mutual Fund Assets $5.886 Trillion -.2%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$.683 Million

• AAII % Bulls 51.3 +8.5%

• AAII % Bears 19.3 -29.6%

Futures Spot Prices

• CRB Index 258.09 +.57%

• Crude Oil 71.49/bbl. +.28%

• Reformulated Gasoline 213.13 +3.7%

• Natural Gas 2.48 -3.0%
• Dutch TTF Nat Gas(European benchmark) 33.2 euros/megawatt-hour -14.6%
  

• Heating Oil 262.1 +1.4% 
• Newcastle Coal 144.0 (1,000/metric ton) -3.4%
  

• Gold 2,020.5 +.69%
• Silver 23.86 +3.6%
  

• S&P GSCI Industrial Metals Index 411.1 +2.5%

• Copper 388.2 +1.2%

• US No. 1 Heavy Melt Scrap Steel 424.0 USD/Metric Tonne -1.4%

• China Iron Ore Spot 131.9 USD/Metric Tonne -2.3%

• CME Lumber  542.5 +2.3%

• UBS-Bloomberg Agriculture 1,539.09 -.67%
• US Gulf NOLA Potash Spot 322.50 USD/Short Ton unch.
  

Economy

• Atlanta Fed GDPNow 4Q Forecast +2.61% +136.0 basis points
  

• ECRI Weekly Leading Economic Index Growth Rate (graph)
  
• US Recession Within 3 Months Probability(3M/18M Forward Yld Curve Spread) 32.3% +2.9 percentage points
  

• NY Fed Real-Time Weekly Economic Index 2.39 +13.3%

• US Economic Policy Uncertainty Index 75.3 -17.0%
• S&P 500 Current Quarter EPS Growth Rate YoY(6 of 500 reporting) +12.3% n/a

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 242.33 -.02:  Growth Rate +11.3% +1.9 percentage points, P/E 19.5 +.6
  
• S&P 500 Current Year Estimated Profit Margin 12.07% -4.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) +n/a
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 293.28 +7.48: Growth Rate +37.5% +3.5 percentage points, P/E 29.2 +.4
  

• Citi US Economic Surprise Index 13.8 -6.5 points

• Citi Eurozone Economic Surprise Index -41.8 -20.8 points

• Citi Emerging Markets Economic Surprise Index 20.1 -6.1 points

• Fed Fund Futures imply 14.5%(+10.5 percentage points) chance of -25.0 basis point cut to 5.0-5.25%, 85.5%(-7.7 percentage points) chance of no change, 0.0%(-2.8 percentage points) chance of +25.0 basis point hike to 5.5-5.75% on 1/31
  

• US Dollar Index 102.56 -1.4%

• MSCI Emerging Markets Currency Index 1,723.9 +.6%
  

• Bitcoin/USD 42,131.3 -3.8%

• Euro/Yen Carry Return Index 166.30 -.56%
  

• Yield Curve(2s/10s) -54.25 -6.25 basis points
  

• 10-Year US Treasury Yield 3.92% -32.0 basis points
  

• Federal Reserve's Balance Sheet $7.703 Trillion +.03% 
• Federal Reserve's Discount Window Usage $2.058 Billion -2.5%
• Federal Reserve's Bank Term Funding Program $123.76 Billion +1.7%
  

• U.S. Sovereign Debt Credit Default Swap 46.87 -1.7%
  

• Illinois Municipal Debt Credit Default Swap 168.10 -8.8%
  

• Italian/German 10Y Yld Spread 171.0 -9.0 basis points
  
• UK Sovereign Debt Credit Default Swap 35.66 -1.1%
  

• China Sovereign Debt Credit Default Swap 59.64 -4.0%
  

• Brazil Sovereign Debt Credit Default Swap 138.20 -6.6%
  

• Israel Sovereign Debt Credit Default Swap 108.91 -.2%

• South Korea Sovereign Debt Credit Default Swap 26.29 -5.3%

• China Corp. High-Yield Bond USD ETF(KHYB) 25.82 +1.2%
• China High-Yield Real Estate Total Return Index 77.96 +4.8%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +6.1% +.2 percentage point
  
• Zillow US All Homes Rent Index YoY +3.3% +.1 percentage point
  
• US Urban Consumers Food CPI YoY +3.0% -.3 percentage point
  
• CPI Core Services Ex-Shelter YoY +4.1% +.2 percentage point
  
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.43% -.3 percentage point: CPI YoY +3.38% +.34 percentage point
  
• 10-Year TIPS Spread 2.22% +1.0 basis point
  

• TED Spread 25.75 +1.25 basis points
  
• 2-Year SOFR Swap Spread -19.25 +.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -9.0 unch.
  

• N. America Investment Grade Credit Default Swap Index 57.6 -6.5%
  

• America Energy Sector High-Yield Credit Default Swap Index 169.0 -4.9% 
• Bloomberg TRACE # Distressed Bonds Traded 374.0 -3.0
  

• European Financial Sector Credit Default Swap Index 68.6 -9.8%
• Deutsche Bank Subordinated 5Y Credit Default Swap 206.4 -6.9%

• Emerging Markets Credit Default Swap Index 172.33 -7.1%
  

• MBS 5/10 Treasury Spread 146.0 -3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 963.0 +11.0 basis points
• Avg. Auto ABS OAS .82 -1.0 basis point
  

• M2 Money Supply YoY % Change -3.3% unch.
  

• Commercial Paper Outstanding 1,242.9 -.7%

• 4-Week Moving Average of Jobless Claims 213,250 -3.5%
  

• Continuing Claims Unemployment Rate 1.3% +10.0 basis points
  
• Kastle Back-to-Work Barometer(entries in secured buildings) 51.64 +5.3%
  

• Average 30-Year Fixed Home Mortgage Rate 7.21% -20.0 basis points
  

• Weekly Mortgage Applications 194,500 +7.4%

• Weekly Retail Sales +3.20% +20.0 basis points
  
• OpenTable US Seated Diners % Change YoY -1.0% +3.0 percentage points
  
• Box Office Weekly Gross $117.4M -13.1%
  

• Nationwide Gas $3.09/gallon -.10/gallon

• Baltic Dry Index 2,411.0 -2.9%

• China (Export) Containerized Freight Index 869.34 +1.27%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 32.5 -7.1%
• Truckstop.com Market Demand Index 37.77 -16.5%

• Rail Freight Carloads 269,670 -1.1%
• TSA Total Traveler Throughput 2,495,661 +26.3%
  

Best Performing Style

• Small-Cap Growth +5.4%
  

Worst Performing Style

• Large-Cap Growth +2.0%

Leading Sectors

• Alt Energy +9.1%

• Semis +9.1%
• Regional Banks +7.7%
  

• Networking +7.7%
  

• Homebuilding +7.6%
  

Lagging Sectors

• Foods unch.
  

• Steel unch.
  

• Pharma -.2%

• Education -1.0%
  

• Insurance -2.3%
  

Weekly High-Volume Stock Gainers (51)

• NCL, BVN, BCYC, DOCU, AMAM, BBIO, HUT, FRO, RYTM, CHWY, SYM, DHT, FSLR, TNK, BAP, GKOS, CPE, BAND, STNG, CMTG, MLTX, DYN, JD, MODN, TNP, OSPN, COST, STLD, ENPH, TITN, ARVN, ASC, TENB, VRNA, INSW, BOX, GNK, DQ, AA, BPMC, TRMD, RYI, ARVN, VSTO, RUN, ENVX, SBLK, TEAM, GLOB, DVAX, FDMT, BABA, FARO and ALTG
  

Weekly High-Volume Stock Losers (13)

• CAH, DTM, IEP, SE, AEE, SIBN, IOT, EXC, RELY, XPEV, LMND and EDU
  

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Reversing Slightly Lower into Afternoon on Less Dovish Fed Speak, Dollar Strength, Profit-Taking, Homebuilding/Financial Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Lower
  

• Sector Performance: Most Sectors Declining
  

• Volume: Heavy

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 12.3 -1.7%
• DJIA Intraday % Swing .55% -10.0%
  
• Bloomberg Global Risk On/Risk Off Index 55.6 -3.3%

• Euro/Yen Carry Return Index 166.2 -.68%

• Emerging Markets Currency Volatility(VXY) 7.9 +1.1%

• CBOE S&P 500 Implied Correlation Index 17.8 +4.1% 

• ISE Sentiment Index 157.0 +9.0
  

• Total Put/Call .84 +1.2%

• NYSE Arms 1.54 +54.0% 
• NYSE Non-Block Money Flow -$131.3M 
  

Credit Investor Angst:

• North American Investment Grade CDS Index 57.6 +2.0%
  

• US Energy High-Yield OAS 349.9 +1.7%
• Bloomberg TRACE # Distressed Bonds Traded 374 -4.0
  

• European Financial Sector CDS Index 67.99 +.71% 
• Deutsche Bank Subordinated 5Y Credit Default Swap 205.99 +2.6%
  

• Italian/German 10Y Yld Spread 171.0 basis points +4.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 88.92 -3.9%
  

• Emerging Market CDS Index 172.10 +.77%
• Israel Sovereign CDS 109.05 -.05%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 25.81 +.11%

• 2-Year SOFR Swap Spread -19.0 basis points -.25 basis point
  

• TED Spread 26.0 basis points -1.25 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -9.0 -1.0 basis point
  
• MBS  5/10 Treasury Spread 144.0 +3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 963.0 -2.0 basis points
  
• Avg. Auto ABS OAS 82.0 +2.0 basis points
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 41.75 -.22%
• 3-Month T-Bill Yield 5.38% +1.0 basis point
  

• China Iron Ore Spot 131.8 USD/Metric Tonne -1.6%
• Dutch TTF Nat Gas(European benchmark) 33.19 euros/megawatt-hour -4.8%

• Citi US Economic Surprise Index 13.8 -7.9 points

• Citi Eurozone Economic Surprise Index -41.8 -19.2 points

• Citi Emerging Markets Economic Surprise Index 20.1 -3.6 points
• S&P 500 Current Quarter EPS Growth Rate YoY(6 of 500 reporting) +12.3% -1.9 percentage points
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 242.33 -.52:  Growth Rate +11.3% -.2 percentage point, P/E 19.5 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.07% -1.0 basis point
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(0 of 10 reporting) +0.0% -0.0 percentage points
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 293.28 +.13: Growth Rate +37.5% +.1 percentage point, P/E 29.2 unch.
  
• Bloomberg US Financial Conditions Index .68 +8.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .40 +57.0 basis points
  
• US Yield Curve -51.5 basis points (2s/10s) -4.25 basis points
  
• US Atlanta Fed 4Q GDPNow Forecast +2.61% unch.
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 63.8% -3.2 percentage points
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +3.43% unch.: CPI YoY +3.38% unch.
  
• 10-Year TIPS Spread 2.23 unch.
  
• Highest target rate probability for March 20th FOMC meeting: 62.7%(-2.0 percentage points) chance of 5.0%-5.25%. Highest target rate probability for May 1st meeting: 53.5%(-3.7 percentage points) chance of 4.75%-5.0%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -190 open in Japan 
• China A50 Futures: Indicating -23 open in China

• DAX Futures: Indicating +164 open in Germany

Portfolio:

• Slightly Lower:  On losses in my utility/consumer discretionary sector longs
  

• Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  

• Market Exposure: Moved to 75% Net Long