Evening Headlines
Bloomberg:
- US, Allies Make Frantic Push to Avert Possible Middle East War.
- $6.4 Trillion Stock Wipeout Has Traders Fearing ‘Great Unwind’ Is Just Starting.
- Maduro Calls Venezuelans to Delete WhatsApp in Growing Crackdown.
- Japanese Stocks Bounce Back as US Futures Rise.
- Oil Climbs From Seven-Month Low as Equities Claw Back Losses.
- Traders Rush to Hedge Against Extreme Market Events After Manic Monday.
- Nvidia’s Next-Generation AI Chip Rollout Slowed by Engineering Snags.
- Google Monopolized Search Through Illegal Deals, Judge Rules.
- An Emergency Fed Rate Cut Would Be A Mistake.
- Where Are US Stocks Headed? Here Are the Key Levels to Watch.
- Five Things You Need to Know to Start Your Day: Asia.
Zerohedge:
- Today's Sub 5,255 Close Triggers $77 Billion In Global CTA Selling.
- Iraq Base Housing American Forces Comes Under Brief Rocket Attack.
- Seattle Considers 'Catching And Releasing' From Des Moines Facility After King County Jail Runs Out Of Space.
- What Is The Relationship Between Tech Innovation And Investor Euphoria.
- These Are The Richest Suburbs In America.
- Bangladesh Leader Flees Country In Helicopter As Protesters Storm Parliament.
- Report Finds Biden-Harris Released 99 Illegal Aliens On FBI Terror Watchlist Into American Communities.
- "Chip Wars" Will Soon Be "Data Center Wars", As Our "Next AI Trade" Develops.
- Federal Court Orders California College To Drop Censorship Policy.
- US stocks suffered amid the global stock rout but finished off worst after ISM Services data provided some solace - Newsquawk Asia-Pac Market Open.
- Is Kamala Harris Going To Make The Entire Country As Lawless As Her Hometown?
- Monday Massacre Brought To You By Kazuo's Carry-Chaos, Kamalanomics, & Jump's Crypto Dump.
- The Upside Of Adversity.
- UN Fires Nine Gaza Staff Members Likely Involved In Oct.7 Attacks.
- Manic Monday.
- Former Secret Service Chief Wanted To Destroy Cocaine Evidence.
- And Suddenly Things Change...
- Stocks and Dollar sink amid heightened hard-landing fears - Newsquawk US Market Wrap.
Wall Street Journal:
- Heard on the Street: Stocks Are Crashing—That’s a Great Reason to Sit Tight.
- What Is the Yen Carry Trade?
- Consumer Pullback Hits China and U.S.
- Chipotle Fans Take Burrito ‘Skimp’ Into Their Own Hands.
- Is This 1987 All Over Again? What’s Driving the Market Meltdown?
- Mideast Braces for More Violence Amid Warnings of Iranian Attack.
- The One-Hour Nurse Visits That Let Insurers Collect $15 Billion From Medicare.
- It’s Getting Harder for Companies to Keep Politics Out of the Workplace.
- Nine U.N. Workers Fired Over Possible Involvement in Oct. 7 Attack.
CNBC.com:
- Dow tumbles 1,000 points, S&P 500 posts worst day since 2022 in global market sell-off.
- $1 trillion wipeout: Market rout punishes megacap tech.
- Robinhood says no 24-hour trading on Monday due to issue at third-party venue.
- Japan stocks rebound 8% after historic losses; other Asia markets also open higher.
- Stocks making the biggest moves after hours: Palantir Technologies, Lucid Group, CSX and more.
- U.S. personnel wounded in attack against base in Iraq, officials say.
- Why Starbucks is losing customers.
- Customers at Charles Schwab, other brokerage firms report issues logging in during market sell-off.
MarketWatch.com:
- Is now the time to panic? Here are 5 takeaways from financial pros about the stock market’s decline.
- Palantir’s stock surges as ‘unrelenting’ AI demand fuels earnings beat.
- Chegg follows Udemy in calling for tougher times ahead for edtech companies.
- ZoomInfo stock falls after forecast cut, changes to CFO and board.
- Opinion: Google’s loss in antitrust case will have industry-wide ramifications.
- Why the stock-market selloff could be bad news for Kamala Harris.
Fox News:
TheGatewayPundit.com:
- HUGE! Breaking Project Veritas VIDEO… Top Dems Reveal How They Steal Elections in Muslim-Majority MI City — Former Mayor Claims AG Nessel Has Been Investigating— Ballots Allegedly Being Filled Out in Dining Rooms!
- KAMALA CRASH: Harris’s Words Come Back to Haunt Her as Stock Market COLLAPSES Monday Following Disastrous Jobs Report – President Trump Responds.
- Several Americans Injured After Missile Hits Iraqi Air Base – Biden and Harris Are Nowhere to be Found.
- Victor Reacts: More of the Same From Kamala – Economic Disaster to Come (VIDEO).
- Kamala Crash: Charles Payne Unloads on the Failed Economic Policies of Biden-Harris- “What You’re Seeing Right Now in the Stock Market is What Americans Have Been Feeling for the Past Three Years” (Video).
- Wayne Allyn Root Predicted the Stock Market Crash and Economic Collapse That’s Happening… and the Only way Kamala Can Win – Massive Voter Fraud (VIDEO).
- Nearly Half a Million Tune in to Watch President Trump on Live Stream With Kick Streamer Adin Ross (Video).
- Report: New Details on Fraud Ridden Migrant Program.
- Peter Sweden: Women Don’t Feel Safe in Sweden Anymore.
- With the Future of America’s Armed Forces at Risk, It’s Time for Military Whistleblowers to Consider Speaking Up.
- “There’s a Revolution Brewing in Britain” – Tommy Robinson Doxxed by Daily Mail as Asylum Hotels Set on Fire and “Muslim Defence League” Chases Englishmen with Two-by-Fours.
Around X:
- @TonySeruga
- SCOTUS once again leaked a decision last week that President Trump’s September sentencing would not be delayed. With that information the Democrats went into immediate action to jail Trump. The New York City Department of Correction is making arrangements for Donald J Trump’s arrival at Rikers Island in September with ‘special’ accommodations. My sources are in Mayor Adams’ Office.
- @DrewHLive
- UK Police officer EXPOSED communicating to Muslim invaders that they are there to protect THEM and NOT their OWN citizens.
Get ready for this America, there are nearly 20 million illegals in the
USA that will be activated just like this very soon. (video)
- @BGatesIsaPsycho
- “Am I going to be locked up for the night? Do I need to bring my medications?” Welcome to 2024 Britain where The Police arrive at your home to arrest you for comments made on Facebook. As Britain descends into lawless chaos - the Governments priority clearly isn’t fixing it, but is to go after those that voice their opinion about it online. The UK is now a fascist State under authoritative totalitarian rule. (video)
- Holy Shit Plymouth This is Terrifying. Plymouth is a sleepy Devonshire City right in the South of England. These scenes will not just shock the UK but should shock the entire World. Something has gone terribly wrong. This all has to be socially engineered on purpose. (video)
- @FAMS_AMNC
- BREAKING: In the coming days the AMNC will be blowing the whistle on how TSA/FAMS have initiated armed government surveillance on high level conservative politicians. What we have will horrify and sicken you as Americans. You won’t believe it. And we can 100% prove it. The weaponization of our government must stop. And it will when you see this.
- @EndWokeness
- BOMBSHELL: Democrat officials: Immigrant communities in Michigan are stealing elections by harvesting ballots, selecting Muslim candidates. (video)
- @BehizyTweets
- BREAKING: Kamala Harris has been busted for paying influencers and celebrities $20,000 to attend the DNC convention in Chicago. Emails are being sent to influencers from public relation managers who got paid by the campaign to inform celebrities and influencers that they can be compensated by the DNC. In addition to pay, the DNC is offering flights, hotels, and high-level access to the convention and exclusive invites to private parties and events happening during the week in Chicago. The deal also requires them to post on social media while at the event. (video)
- @libsoftiktok
- The streets of Philadelphia. Here’s a glimpse of what the country can expect from Josh Shapiro. (video)
- @MJTruthUltra
- Adin Ross Reveals when he was in School in California, his Teachers were telling Students how Horrible Donald Trump was… Brainwashing children early… this is such a great interview for Gen Z. (video)
- @WallStreetApes
- Everyone Needs To Understand What’s Happening. The Ways and Means Committee is investigating Tax Payer money “flowing to terrorist organizations and to the Chinese” and not one Democrat will show up. “This has been 2 committee hearings in the last 11 days that not one Democrat decided to come to work.” (video)
- EXPOSED. Kamala Harris Social Media Engagement Being Drivin By Bots. “I noticed something kinda weird today. If you go to Kamala Harris's TikTok and you look at the comments under her videos, they all say the same thing”. (video)
- @amuse
- Representative Raskin reveals that Democrats have a contingency plan in the event of a Trump victory in November - they will invoke Sec. 3 of the 14th Amendment to prevent Trump from taking office. He predicts it will result in a civil war. (video)
- @ChuckCallesto
- SHOCK REPORT: Secret Service whistleblower reveals the lead agent at the Butler Trump rally was NOT CHECKING ID’S or enforcing normal protocols.. WAS THIS A SETUP FROM THE BEGINNING? (video)
- @JoeyMannarinoUS
- @LaraLogan
- Calling all journalists who say they have not seen any evidence of voter fraud… (video)
- James O’Keefe exposing the massive money-laundering operation using ActBlue. Hmmm. Who runs ActBlue again???? (video)
- @JimFergusonUK
- Breaking: Brits in their cars are being attacked across Birmingham by Armed Muslims. (video)
- @ImMeme0
- If this doesn’t piss you off I don’t know what will. This veteran gets $23 in food stamps, while a migrant who hasn’t contributed anything to the U.S. receives over $13,000. This is Biden/Harris America! (video)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 1,012,894 Reports(+1,222 from prior report) Through June 28th, 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 industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
- Asian equity indices are +.75% to +1.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 102.5 -.75 basis point.
- China Sovereign CDS 68.0 -.5 basis point.
- China Iron Ore Spot 103.8 USD/Metric Tonne -.06%
- Bloomberg Emerging Markets Currency Index 38.8 -.09%.
- Bloomberg Global Risk-On/Risk Off Index 29.8 +27.5%.
- Volatility Index(VIX) futures 26.5 -12.8%.
- Euro Stoxx 50 futures +1.1%.
- S&P 500 futures +1.2%.
- NASDAQ 100 futures +1.7%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.