Evening Headlines
Bloomberg:
- Biden Warns He’d Hold Back More Weapons If Israel Invades Rafah.
- Japan’s Real Wages Slide, While Underlying Trend Stays Solid.
- Hawkish Singapore Policy, Cooling Inflation a Tailwind for Bonds.
- Singapore Must Recognize Stock-Market Challenges, Wong Says.
- Yen’s Fragility Raises Specter of a New Currency War in Asia.
- Bond Losses Extend to Asia as Stocks Tread Water.
- Oil Ticks Higher as Traders Digest Mixed US Inventory Snapshot.
- Billions in Phantom Debt Is Lurking In ‘Buy Now, Pay Later’ Services.
- Texas Power Prices Jump 70-Fold as Outages Raise Shortfall Fears.
Zerohedge:
- The "Soft Landing" Lie: A Global Economic Slowdown Is Already Underway.
- Another Trump Trial Derailed: Fani-Donating Judge's Decision To Keep Her On RICO Trial Under Scrutiny By Appeals Court.
- Jan. 6 Arrests Running At Nearly Double The Rate Of 2023 And 2022: Report.
- Philadelphia Mayor Starts Long-Awaited Process Of Cleaning Out City's Open Air Drug Markets.
- Democrats Join "Republicans" To Block Greene's Bid To Oust Speaker Johnson.
- Office Tower Turmoil In NYC Worsens Ahead Of Trillion Dollar Maturity Wall .
- Gen-Zers Slide Deeper Into Debt As Bidenomics Failure Crushes America's Future Leaders.
- US stocks were indecisive amid light catalysts, mixed earnings and geopolitical uncertainty - Newsquawk Asia-Pac Market Open.
- AstraZeneca Pulls COVID Vaccine After Admitting Side Effect.
- Be Careful What You Wish For: Weaker Yen A Blessing And A Curse For Japan.
- Disney Cast Biological Male As "Evil Queen" At Florida Wilderness Lodge, Outraged Father Claims.
- When "Making It" Becomes Hopeless.
- ARM Loses Leg After Downbeat Annual Revenue Forecast.
- Markets meander in search of the next catalyst - Newsquawk US Market Wrap.
- Bond Yields & Black Gold Bounce As Hawkish FedSpeak Slows Stocks.
Wall Street Journal:
- The Gap Between the Price You See and What You Pay Is Getting Worse.
- Conservative Judges Plan to Blackball Columbia University Graduates.
- Public School Leaders Spar With Congress Over Antisemitism.
- Neuralink’s First Brain-Chip Implant in a Human Appeared Flawless. There Was a Problem.
- GM Is Shutting Down the Chevy Malibu After 60 Years.
- China’s Xi Enjoys Embrace of Serbia and Hungary, Europe’s Renegades.
- Microsoft to Invest Over $3 Billion to Build AI in Wisconsin.
- Lenders Are Seeing a Bottom for Consumers.
CNBC.com:
- Google employees question execs over ‘decline in morale’ after blowout earnings.
- Disney, Warner Bros. Discovery to bundle streaming services.
- U.S. eyes curbs on China’s access to AI software behind apps like ChatGPT.
- Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance.
- AI needs to keep cool—literally. That’s driving demand for these infrastructure companies.
Fox News:
TheGatewayPundit.com:
- Disgraced Ex-CNN Anchor Chris Cuomo Now Admits to Taking Ivermectin Daily — Refuses to Apologize for Shaming People Who Didn’t Take the Experimental Shot.
- EXCLUSIVE: The Left’s ELECTION INDUSTRIAL COMPLEX Discovered and Defined.
- “Voters Trust Trump More on the Economy” – OUCH! CNN Airs Brutal 2-Minute Takedown of Joe Biden as Erin Burnett Hurls Fact-Checks to His Face (VIDEO).
- Victor Reacts: Hate Speech Laws are Criminalizing the Truth (VIDEO).
- Decline of Senior Officer Integrity and Civilian Control of the Military.
- Trump Leads Biden in State that Republicans Haven’t Won at Presidential Level Since 1972.
- AstraZeneca Announces Worldwide Withdrawal of COVID-19 Vaccine.
- ‘Hundreds of Millions of Americans’ Have Strong Message for Woke Disney.
- South Carolina Republicans Join Democrats to Block Amendment Preventing Distribution of Voter Registration Forms to Non-Citizens.
- Another January 6 Defendant Dies by Suicide: J6er David Homol Tragically Takes His Own Life Three Months After Biden Regime Raid, Indictment.
- Illegal Alien Who Murdered Laken Riley Indicted By Grand Jury, Accused of Being a “Peeping Tom”.
- YouTube Censors Eva Vlaardingerbroek’s Viral ‘Great Replacement’ CPAC Speech… Still Has 55 Million Views on X!
- BREAKING: Documents Reveal US State Department Officials Knew COVID Leaked From a Wuhan Lab and CCP Covered It Up Back in July 2020 – Then They Lied to the American Public for Years!
The Epoch Times:
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 1,009,553 Reports(+1,917 from prior report) Through March 29th, 2024.
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.
Night Trading
Morning Preview Links
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 104.0 +2.0 basis points.
- China Sovereign CDS 65.0 +2.0 basis points.
- China Iron Ore Spot 116.6 USD/Metric Tonne +1.7%.
- Bloomberg Emerging Markets Currency Index 39.6 -.13%.
- Bloomberg Global Risk-On/Risk Off Index 64.3 -.02%.
- Volatility Index(VIX) futures 14.6 +.05%.
- Euro Stoxx 50 futures unch.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.11%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.