Monday Watch

Today's Headlines

Bloomberg:   

• Chinese Stock Investors Lose a Key Indicator to Gauge Sentiment. 
• Westpac Profit Rises as Margin Pressure Shows Signs of Easing. 
• Asia Set for Cautious Start Into Jackson Hole Week.
• Oil Declines at Week’s Open With Gaza Talks and China in Focus.
• Busiest US Ports Absorb Import Surge Nearing Pandemic-Era Frenzy.
• Traders Need Fed Go Sign in Jackson Hole to Keep Stocks Rallying.
• Goldman Cuts US Recession Risk Following Retail Sales, Jobs Data.
• Five Key Charts to Watch in Global Commodity Markets This Week.
• JPMorgan, Aviva Shrug Off EM Rout on Bets for Soft US Landing.
• Fed Chair Powell Steps Into the Spotlight at Jackson Hole.
• Apple Plays the Long Game With Switch From Qualcomm Modems.

Zero Hedge: 

• The Super-Wealthy Have A Problem.
• The Beginning Of The End? Germany To Ban All New Ukraine Military Aid.
• Vast Stretches Of America Are So Depressed That They Look Like Something Out Of A Horror Movie.
• Lebanon Plunged Into Darkness As Last Operational Power Plant Runs Out Of Fuel.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• No signs of a consumer recession, but hedge funds are selling aggressively.
• Are VCs now better at podcasting and bio-hacking than producing returns? 
• A daily $10bn of unemotional buying.
• Chechen Warlord Shows Off Cybertruck With Heavy Machine Gun Turret.
• Catalysts And What Type Of Landing.
• "Wet Winter Whirlwind": Farmers' Almanac Releases New Winter Forecast For US.
• Belarus Says Ukraine Amassing Troops At Border; Zaporizhzhia Nuclear Plant Suffers Drone Attack.
• "Make It Great Like '68": Chicago Businesses Board Up As Protesters Threaten To Shut Down DNC .
• New Video Appears To Show DC Police Units Planting J6 Pipe Bomb.
• Gold Revaluation Is A More Responsible Money Creation Method.
• Kamala Harris' Proposed Price Controls May Lead To "Communism, Mass Starvation, & End Of America".
• Same Sh*t, Different Govt: Channel Migrants Record Daily Crossings For Starmer's Labour.
• Removing The "Great" From Britain.
• New York Times' 'Distorted' Coverage Of CCP Abuses Likely Cost Lives, Report Says. 
• Sen. Scott Urges Commerce Department To Investigate Chinese-Owned Temu.
• Rogan And Quaid Ask: Who's Really Running The Country?
• Many Countries Turning To A "Stateless Currency"... Gold.
• X 'Immediately' Shuts Brazil Office After 'Darth Vader' Threatens Lawyer With 'Secret' Censorship Orders.

Wall Street Journal:

• Clean Fuel Startups Were Supposed to Be the Next Big Thing. Now They Are Collapsing.
• Sam Altman’s Worldcoin Is Battling With Governments Over Your Eyes.
• The CEO Who Made a Fortune While His Hospital Chain Collapsed.
• How University Presidents Plan to Stay in Control.
• Here Comes Kamala’s Mortgage Forgiveness. Her plan to make housing more ‘affordable’ via subsidies will raise prices and create moral hazard.
• Mexico Flirts With Dictatorship. A plan to amend the constitution would end hopes of freedom and prosperity. 
• How Kamala Harris Sees the Economy. Her proposals would lead to slower growth, more inflation, and no relief from the debt crisis. 
• Many Voters in This Swing County Are Sour on the Economy. Here’s What They’re Saying.
• Trump Sees Opening in Battleground Pennsylvania: Courting Disaffected Democrats.
• Berkshire Hathaway Likes Ulta Beauty. Should You?
• China Is Becoming a Money Pit for Foreign Automakers.

CNBC:  

• How Americans are losing their life savings to crypto fraud.
• Here’s why Walgreens and CVS retail pharmacies are struggling — and what they’re doing to fix it.
• Here’s how a week’s worth of huge economic news will affect the Fed’s decision-making.
• To fix Starbucks, incoming CEO Brian Niccol will have to tackle its mobile app problem.
• From Chipotle to Cava, Panda Express, more big restaurant chains rapidly expand into small town U.S.
• 5 money moves to consider before the Federal Reserve’s first rate cut in years.

MarketWatch.com:  

• Stock market’s ‘fragile’ bounce at stake as Powell prepares Jackson Hole speech.
• Kamala Harris says grocery stores are ‘price gouging’ customers. Some skeptics aren’t buying it.
• Palo Alto Networks earnings could hold early clues about the CrowdStrike fallout.
• How to protect yourself if your Social Security number has been exposed.
• Gold prices keep breaking records in 2024. Central banks are driving the rally.

NewsMax:

• Grover Norquist: Harris' Economic Plans a 'Sick Joke'.

Fox News:

• Mayor's message to VP Harris on why Dems should feel privileged to have terror supporters.
• Son of Hamas founder delivers grim warning on why worst is yet to come.
• Liberal New York Times columnist calls Biden's ouster by the one word Dems won't use.
• Large crowd of protesters gather in Chicago as businesses brace for anti-Israel unrest during DNC.

TheGatewayPundit.com:

• JD Vance Reacts to Fake Polls Showing Kamala Harris Dominating Swing States (VIDEO).
• Commie Kamala to Youth Football Team: “You Will Be Undefeated Even If You Don’t Win Every Game” (VIDEO).
• Kamala Harris Drops by Sheetz Gas Station and It’s Just a Bunch of Reporters Who Watch Her Buy a Bag of Doritos by Herself (VIDEO). 
• Democrat Senator Chris Coons Defends Kamala Harris’s Communist Price Controls Scheme That Will Lead to Shortages and Famine (VIDEO).
• Is Kamala Two Sheets in the Wind? Kamala Harris Rattles Off Embarrassing Word Salad About the “Duality to the Nature of Democracy” (VIDEO).
• Department of Defense Preparing for Possible Bio-Chemical Attacks at DNC, Funded De-Contamination Rooms at Hospital.
• REPORT: The Liberal Late Night Shows That No One Watches Are on Their Way Out.
• Elon Musk Shares Devastating Video ‘The Unraveling of Kamala Harris’ on His X Page – Kamala Was So Bad She Folded Before First Primary Contest (VIDEO).
• The Energy is Overwhelming! Small Crowd Shows Up For Kamala Harris and Tim Walz as They Kick Off Their “Road to Chicago” Bus Tour in Pennsylvania (VIDEO).
• CBS News Misleads Public on Migrant Numbers Related to the Biden-Kamala Border Crisis.
• UK Man Sentenced to Three Years in Prison Over Posts He Made on X.
• Figures… Kamala’s ‘Campaign of Joy’ Was Also a Nazi Campaign.
• Milwaukee Police Association Endorses Trump-Vance: ‘It’s Truly a Matter of Life and Death’.
• Report: American Society of Plastic Surgeons Challenges Medical “Consensus” on Transgender Surgeries for Minors.
• QUOTE OF THE DAY… JD Vance: Giving Kamala Harris Control Over Inflation Is Like Giving Jeffrey Epstein Control over Human Trafficking Policy” (VIDEO).
• Illegal Immigration and Poor Government Management Sink Spanish Youth.
• NYC Set to Invest $10 Billion in Supporting Illegal Immigrants Over 3 Years.
• Dems Given Security Warning Ahead of DNC as 100,000 pro-Hamas Agitators are Set to Descend on Chicago, “Very Concerned”.
• Former Trump Advisor Says FBI Raided His Home This Week Because He Criticized Biden’s Ukraine Policy.

Around X:

• @amuse

• SHOCK: After the cancellation of the Taylor Swift concert being targeted by ISIS, Swifties have determined they want a strong leader in the White House. The Swifties For Trump movement is real! (pic)

• @ChuckCallesto

• BOMBSHELL REPORT: Video emerges of Kamala Harris openly telling a crowd she will STEAL A COMPANIES PATENT and take it over.. “I will snatch their patent, so that we will take over.” “I have the will to do it!” (video)

• @KeenanPeachy

• Why don't more people know that there is an app that gives illegals their own SOCIAL SECURITY CARD as soon as they cross the border? WHY ISN'T THIS WIDELY KNOWN. (pic)

• @KylieJaneKremer

• BREAKING NEWS. New headliner for the DNC just announced 𝐃𝐄𝐌𝐎𝐂𝐑𝐀𝐓 𝐀𝐁𝐎𝐑𝐓𝐈𝐎𝐍 𝐁𝐔𝐒. A Mobile Health Clinic by Planned Parenthood Great Rivers will be parked near the DNC on Aug. 19 and Aug. 20. Men and women will have the opportunity to get 𝐟𝐫𝐞𝐞 𝐯𝐚𝐬𝐞𝐜𝐭𝐨𝐦𝐢𝐞𝐬 𝐚𝐧𝐝 𝐚𝐛𝐨𝐫𝐭𝐢𝐨𝐧𝐬 while at the DNC in Chicago. (pic)
  

• @PeterSweden7

• Bill Gates. He is behind 88% of philanthropic donations to the WHO. He donated $1.27 billion to fund the UN Agenda 2030. Why don't you hear hear about this on the news? He donated over $319 million to the mainstream media... Read my exposé.

• @JDunlop1974

• BREAKING : - Kamala Harris and Tim Walz have failed to get over 100 people to her rally in North Carolina. Shouldn't this be on the front page of every newspaper?
• FIRED Wisconsin Election Commission Executive Director Claire Woodall-Vogg xeroxed 64,000 ballots at Milwaukee City Hall, room 501 all in favor of JOE BIDEN. (pic)
• Over 600 Black residents showed up in Chicago to protest their Youth Program being closed down to house illegal immigrants. (video)

• @nicksortor

• The Democrats are currently building a MASSIVE wall around their convention in Chicago. This is PEAK irony. I thought walls were racist, Kamala? What changed? (video)
  

• @MJTruthUltra

• Trump revealed that Kamala Harris and her Husband are Best Friends with the head of NBC and that’s the ONLY Network debate that Kamala Harris will agree to do… Trump agreed to three dates originally. (video)
• What is Happening to America? The Cloward-Piven Strategy. LISTEN to Frances Fox Piven herself in this video… (video)

• @CollinRugg

• NEW: Man who was wrongfully convicted by Kamala Harris says she laughed at him when he was sentenced to 50 years in prison for a crime he didn't commit. Pure evil. (video)

• @JimFergusonUK

• German Police Begin Raiding Homes of Citizens Who Share ‘Non-Mainstream Content’ Online. The German government has unveiled plans to allow police to secretly raid the homes of citizens who view or share non-mainstream content on social media. Der Spiegel and RND reported that the German Federal Criminal Police Office (BKA) may soon be allowed raid homes secretly and without a warrant.
• Getting vaccinated for covid four or more times results in near-complete collapse of the immune system, bombshell study finds. Writer and former New York Times reporter Alex Berenson says he has in his possession evidence from a study showing that covid "booster" vaccines push the immune system over the edge, causing an almost total collapse of immune function.
  

• @BGatesIsaPsycho

• “Bill Gates thinks of himself as God”. Reminder that your children’s Summer time is being stolen, people are getting sick more than ever before & birds/bees & insects are dying at an alarming rate. (video)
• US Southern Border. Streams of illegal migrants continue to cross freely non-stop over Americas Southern border. It’s estimated that over 30 Million unknowns have entered the US since the Biden administration came to power. Again - ALL fighting age military men. (video)

• @kylenabecker
  

• Let me tell you a little story about how Kamala Harris "won" her 2010 election for CA Attorney General. Stop me if you've seen this one before. (pic)
• JUST IN: A former student of Minnesota Governor Tim Walz exposes how much he secretly worships the Communist Chinese. “It was almost a daily revelation of how much he adores the communist regime." (pic)
  

• @libsoftiktok

• Home smokes. The DNC is putting out casting calls and trying to recruit people to act like they support the Democrat Party. They even pay for the actors’ travel. (video)

• @itscarterhughes
  

• WOW! OVER 10,000 ILLEGAL ALIENS USED THE SAME SOCIAL SECURITY NUMBER TO VOTE IN 2020 IN ARIZONA! Congress knew this & certified the results anyway. Share to make this GO VIRAL & MAKE SURE TO: (video)

• @TooBaffled 

• Are these cases of Monkey Pox? Nope They are all adverse reactions to the experimental mRNA Gene Therapy in which millions of people developed Shingles as a known side effect. (pic)

• @TrumpWarRoom

• President Trump visiting PA vs. Kamala visiting PA. (video)

• @WallStreetApes
  

• BlackRock buys up all the homes. - Democrats offer a $25k down payment. - BlackRock skyrockets home prices and pockets your $25k down payment. - You get kicked out of your home thanks to inflated interest rates. That’s called Money laundering on a major league level. (pic)
• Reports That Illegal Migrants Are Being Issued Drivers Licenses All Over America. Just to name a few mentioned, Florida. Tennessee, Utah, Cincinnati Ohio, New York, Massachusetts and more. “Most DMVs in Florida and other states immediately register you to vote when you get a driver's license. That's all I'm saying.” (video)
• Losing The Presidential Election Is No Longer Even An Option For The Democrat Party. Democrats, “I think they're getting exposed left and right — it's not gonna be pretty because they can't lose. If they lose, people are going to prison”. (video)

• @BehizyTweets
  

• BREAKING: Don Lemon went to the DEEP-BLUE state of New Jersey, and almost every voter he spoke to said they were voting for Trump. One guy LAUGHED IN HIS FACE when he tried to claim the economy is better under Kamala Harris than it was under Trump. (video)
  

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,013,375 Reports(+481 from prior report) Through August 2nd, 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

• Asian indices are unch. to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 96.25 -1.0 basis point.
  
• China Sovereign CDS 59.75 -1.0 basis point.
• China Iron Ore Spot 93.0 USD/Metric Tonne +1.1%.
  
• Bloomberg Emerging Markets Currency Index 39.1 +.05%.
• Bloomberg Global Risk-On/Risk Off Index 55.2 +3.4%.
• Volatility Index(VIX) futures 15.8 +.6%. 
• Euro Stoxx 50 futures +.21%.
• S&P 500 futures +.18%.
• NASDAQ 100 futures +.30%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

Today's Headlines

Bloomberg:

• Hezbollah Fires Rockets at Israel After Deadly Strike. 
• China to Boost Efforts to Promote Private Investment, CCTV Says
• Hedge Funds Turn Bullish on Yen After Carry Trade Blow-Up. 
• Too Much Steel in China Means Trouble for the World. 
• Asia’s Utility Stocks Have Never Had It So Good in Two Decades.
• Wall Street Whiplash Schools Traders on Fragile Modern Markets.
• New Yorkers Have a Growing Debt Problem as Real Incomes Slide.
• Wall Street Wants More Signs US Consumers Are Still Spending.
• Uber Raised to Investment-Grade by S&P on Earnings Growth.
• Stocks See Best Week in ’24 as Buyers Race Back In.
• Signs of Sufficient Economic Progress: Wall Street Week.

Zerohedge:

• Watch: Harris Unveils Plan To Fix Last 4 Years Of Economic Destruction.
• Kamalanomics Blowback Begins As Food Prices Hit Record Highs.
• Supreme Court Rejects Biden Regime's Request To Reinstate Radical Title IX Changes.
• Vance's Plane Makes Emergency Landing In Second Trump Campaign Incident.
• Every Leading Large Language Model Leans Left Politically.
• Pain trade is higher.
• Russian Media Claims Ukraine Preparing 'Dirty Nuke' Attack; Kiev "Refutes These False Reports".
• 21 Years After Bush Overthrew Saddam, Bill In Iraqi Parliament Could Legitimize Child Marriage.
• "The Arrogance Of The Supra-Statist, Globalist, Woke Regime Knows No Bounds...".
• Kamala Harris' Price Control Plan Would Cause A Widespread Supply-Chain Crisis.
• Tiny Village In Ireland Overrun By Government-Relocated Migrants.
• UK Government Set To Ban Silent Prayer Outside Abortion Clinics.
• These Were The Largest Sovereign Debt Defaults In Modern History.
• The Crown Jewel Of American Socialism.
• Judge Green-Lights Lawsuit Accusing PepsiCo Of Deceptively Advertising Protein Bars.
• Israel Stuns By Saying US, UK, France Will Assist In Offensive Strikes On Iran. 
• Appeals Court Rejects Challenge To California's Vote-By-Mail System.
• China Coal Production Hits New All Time High For July.
• Watch: Hezbollah Reveals Massive Underground Missile Base.
• US Living Standards In Grave Danger.
• Defense Firm Unveils Cybertruck For Special Forces, Able To Survive "IEDs".
• Trump To Be Surrounded By Bulletproof Glass At Outdoor Events.
• "Margin Calls, Death, Divorce & Bankruptcy": Art Lending Market Booms As Rich Americans Scour For Liquidity .
• Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows As Stocks Crashed.
• Welcome To The 'Take No Prisoners', 'End Of The Road' Election.
• Bonds chop to geopolitics, soft housing data and dovish Goolsbee - Newsquawk US Market Wrap.
• Gold Soars To Record High, Dollar Dumps As Kamala Unveils 'Populist' Economic Plan.
• San Francisco City Attorney Sues Sites That "Undress" Women With AI.
• Michael Hartnett's Best Charts And 18 "Must Know" Stats For Investors.
• Greed, Fear, And Forced Buying.
• Operation 'Harris For President' Is One Of The Shadiest In Media History.

 WSJ.com:

• Harris and Trump Propose Divergent, Costly Plans for Taming Inflation.
• And You Thought She Did a Poor Job as ‘Border Czar’. Instead of eliminating the root causes of illegal migration, Kamala Harris now wants to import them.
• What’s Wrong With Starbucks?
• Kamala Harris Endorses Nixonomics. She wants price controls on groceries, Venezuelan-style.
• The Extreme Renters Who Own Nothing, Not Even Their Jeans.
• Energy Drinks Are a Growing Crisis for Teens.
• Those Online Accounts You No Longer Use? For Your Own Safety, Get Rid of Them.
• On the Ballot: American Manhood.
• Apple Opens Tap-to-Pay to Competitors, but Can They Take Advantage?

Barron's:

• Had bullish commentary on (DHI).

CNBC:

• Amazon’s troubled drone delivery program faces latest challenge in Texas: Annoyed residents.
• Here’s how a week’s worth of huge economic news will affect the Fed’s decision-making.
• Egg prices are rising once again as bird flu limits supply.
• A new consumer privacy battle is underway as tech gadgets capture our brain waves.
• More nonalcoholic drink makers promote health benefits as booze alternatives take off.
• The 10 most-expensive cities to raise kids in the U.S.—it costs nearly $40,000 a year in No. 1.
• Why 90% of the U.S. avocado supply comes from Mexico.

MarketWatch.com:

• Kamala Harris wants to ban price gouging by grocery stores. Some skeptics aren’t buying it. 
• Small-cap stocks are down, but not out, as July’s rotation rally fizzles.
• Retail investors bought the dip in tech stocks during August’s market scare.
• Opinion: Baloney in aisle seven as Kamala Harris takes on ‘Big Grocery’.
• Why Alphabet may actually benefit from a Google breakup.

NewsMax:   

• Dr. Roger Seheult: Mpox Not Another COVID.

Fox News:

• Couple with six-figure salary facing a millennial problem they can't afford.
• Thieves ransack 3 stores in 20 minutes — just hours after gov signs 'smash-and-grab' bills.

TheGatewayPundit.com: 

• ‘Black Vote Ain’t for Sale’: Prominent Activist Exposes Kamala’s $10K Interview Offer, Slams ‘Democrat Plantation’ Tactics to Manipulate Black Voters.
• Rite Aid Shuts Down All Stores in Two States, Leaving Tens of Thousands Scrambling for Essential Medications.
• BREAKING: Russian Sources Warn Ukraine is Reportedly Planning to Detonate “Dirty Nuclear Bomb” Targeting Russian Nuclear Power Plants.
• Actor Jamal Trulove, Who Kamala Wrongly Convicted For Murder and Was Sent to Prison for Years, Endorses Donald Trump.
• “Kamunism” Goes Viral as Kamala Harris Promotes Economy-Crashing Price Controls and Other Communist Tricks in America.
• Another One Bites the Dust: Morton Salt Joins Exodus from Illinois, Relocates Headquarters to Kansas, Citing State’s Hostile Business Climate.
• FLASHBACK: ‘Communist’ Kamala Harris Threatened to Seize Control of Private Pharmaceutical Companies If They Refused to Lower Drug Prices.
• WATCH: Violent Illegals are Forming “Wolfpack Gangs” and Tormenting Citizens In NYC’s Central Park – Many Housed at ‘Migrant Shelters’.
• Kamala Harris Holds Rally in Cracker Box with Maybe 250 People in NC – Describes How High Food Prices Are Under Her and Old Joe… You Can’t Make This Up!
• Chicago Businesses Already Boarding Up Storefronts in Expectation of Radical Mobs at Democrat National Convention (VIDEO).
• Michael Moore Fears Democrats Will Lose in November – Urges Kamala Harris to Cater to Israel-Hating Leftists.
• 8 Cancer Doctors Heading to Oncology Conference Among Dozens Killed in Brazil Plane Crash – 7 Other Doctors Changed Their Flight at the Last Minute.
• BREAKING: JD Vance’s Plane Makes Emergency Landing in Milwaukee After Malfunction Mid-Flight (VIDEO).
• HS Students Embarrass Harris, Point Out Critical Error in Her Central Campaign Promise.
• WATCH: Kamala Harris Tees Up Perfect Trump Campaign Ad After She Admits Everything Was More Affordable Under President Trump’s Leadership.
• Sharika Soal: Why Black MAGA Won’t Be Intimidated by CNN’s Political Bullying.
• PHONY KAMALA’S WORST NIGHTMARE: President Trump Calls in Harris Slayer Tulsi Gabbard to Prepare Him for Debate Showdown.
• Economist James Rickards on Kamala and Walz: “They’re Marxists… They’re Trying to Destroy the United States and a Lot of Tradition and Culture All at Once” (VIDEO).
• ‘We’ve Seen This Tried in Venezuela, Argentina, the Soviet Union’ – CNN Turns on Kamala Harris, DESTROYS Her Dangerous Price Control Scheme (VIDEO).
• Ze/Hir? Ey/Em?… Kamala Harris’s Website Has NINE Different Pronoun Settings for Interested Applicants – Or They Can Write In Their Own Weird Pronouns!
• NC Lt. Gov. Mark Robinson on Fire, Rips Biden-Harris Regime: “We’re Suffering Because of Bad Policy” (Video).
• Chairman James Comer Launches Investigation into Gov. Timothy Walz Over Ties to Chinese Communist Party Following VP Nomination.
• ESPN Fires Sam Ponder Amid ‘Budget Cuts’ After She Stands Alone in Defending Women’s Sports Against Transgender Athletes.
• Alabama Secretary of State Discovers THOUSANDS of ILLEGALS Registered to Vote in November’s Presidential Election.
• ICE Arrests Peruvian Illegal Alien and Mass Murderer in Buffalo, NY Wanted for 23 Murders – Was Caught and Released at the Border Thanks to Joe and Kamala’s Open Border Policies.
• Danish Drugmaker Ready to Cash In with 10 Million Monkeypox Vaccine Doses Set for Production Following WHO’s Global Health Emergency Declaration.
• Higgins Report, Part 3: Trump Assassination Attempt: FBI Cleaned Up Biological Evidence from the Crime Scene in 1 Day – Something Unheard Of.
• WICKED: Joe Biden and Kamala Harris Force States to Fund Health Care Costs for Illegal Aliens Starting Nov. 1, 2024 — As Average U.S. Family Pays $23,968 per Year!
• 24 States Join Forces to Defend Voter Integrity — Coalition Files Brief Urging Supreme Court to Uphold Arizona’s Proof of Citizenship Law.

Epoch Times:

• CCP Conducts Emergency Drills For ‘Pneumonia of Unknown Cause’ Across China.

Around X:

• @elonmusk

• Great explanation of inflation by @friedberg. (video)

• @JamesOKeefeIII

• BREAKING: Donors Across the U.S. Deny Massive ActBlue Donations Amid Attorney General Investigations. "He did not do $300,000 worth of anything in three years," exclaims Pam Fridrich, wife to Heinz Fridrich, when presented with FEC data by an @OKeefeMedia Citizen Journalist in Fernandina Beach, Florida, claiming the Fridrichs donated hundreds of thousands of dollars to ActBlue. When asked if they had made the contributions, Pam responds, "Not to my knowledge." The Fridrich family, overwhelmed by the allegations, remains perplexed by how such large sums could be attributed to them. (video)

• @kylenabecker

• This guy is not a Trump supporter. But he watched a Trump presser with an open mind. Then he waited to see the media reaction. Once you see it, you can’t unsee it. There’s no turning back. (video)
  

• @nicksortor

• NEW: Kamala Harris’ handouts would cost taxpayers $1.7 TRILLION, according to NYPost. We’re already $37 trillion in debt. WE DON’T HAVE THE MONEY. Simple as that. (pic)
• WOW! Kamala Harris is literally threatening to unilaterally CONFISCATE citizens’ and businesses’ private property. “I will snatch their patent, so that we [the government] will take over. Yes we can do that!” THIS IS WHAT LITERAL DICTATORS DO. Comrade Kamala wants to turn America into a communist hellhole, and she’s OPEN about it. This should terrify EVERYONE! (video)

• @BoLoudon

• IN 2017, TRUMP COMFORTED GRIEVING MOTHERS AT THE ARLINGTON NATIONAL CEMETERY & BROUGHT THEM TO TEARS! "Nobody made any effort to acknowledge," one mother said. Trump responded, "I DID," which brought the mother to tears. (video)

• @libsoftiktok

• BREAKING: Libs of TikTok has obtained insider training material from
  @AdvanceAuto detailing a complete DEI takeover of company policy & culture. It includes race-based hiring practices discriminating against White people and encouraging employees to snitch on fellow workers who don't follow the DEI policies. Another company has fallen to the woke mind virus. (video)

• @MJTruthUltra
  

• Stanford Surgeon: Why are Americans Getting Sicker Every Year? — “The System is Rigged Against the American Patient to Create Diseases and Profit off of Them”. • Why are 50% of American children dealing with a chronic health issue? —— 50 years ago, chronic health issues were only present in less than 1% of children. • Every level of the health education is systematically blinding doctors form thinking about root causes... (video)
• Ok.. this just blew my mind. The Food Industry was Purchased by the Cigarette Industry: “Our Food is Literally Now a Science Experiment to Addict Children” — The Food Pyramid LIE! (video)
  

• @wideawake_media

• Kamala Harris: "When we invest in clean energy and electric vehicles, and reduce population, more of our children can breathe clean air and drink clean water." (video)

• @TimRunsHisMouth

• You know Kamala's economic plan is total trash when even CNN destroys it! "We‘ve seen this kind of thing tried in lots of other countries before. Venezuela, Argentina, the Soviet Union...it leads to shortages" and would "cause a lot of harm." (video)

• @newstart_2024

• Neil Oliver: "I believe we've entered some kind of what are you going to do about it anyway phase of our uncivilization. The baddies, the elites, the centralizing powers, they know the mask has slipped. They know that we know, but they've realized or it seems plain to them that it doesn't matter because they've got all the stuff anyway. They've got all the money, they've got all the guns, they've got all the drones, they've got all the technology and I think it's dawned on enough of them that: You know what, it doesn't matter if they know, what they're gonna do about it. (video)

• @SprinterFamily

• "It's a disaster". Donald Trump's team showed how much the food basket in the US has become more expensive thanks to Biden and Harris.

• @Amuse
  

• ELECTION INTEGRITY: Why is GA SOS Brad Raffensperger trying to stop hand counting of ballots on election night to ensure the totals Dominion reports are the same as the actual ballots cast? It is vital voters can trust their elections - this will help build confidence.
• Kamala Harris's first policy proposal mirrors one her father implemented in 1970s Jamaica—price controls on food. As a Marxist economist advising the government, her father’s policies led to widespread starvation & suffering. Venezuela tried in 2013 - same result - devastation. (pic)
  

• @WallStreetSilv

• We have $35 trillion in US national debt and growing at $1 trillion per 100 days. We spend over $100 billion per month on interest to service our national debt. We are paying $451 billion per year to house and take care of iIIegal aIiens (fake refugees) in this country. (pic)

• @WendyP4545

• They're rewriting History that doesn't include any of our History. The Communists don't want our new and future generations to know that America was a free nation and that the American people fought for those freedoms. That's why they're destroying all of our Historical Statues. Obama said he would fundamentally transform America. His fundamental transformation was into Communism. (video)

• @IGSquawk 

• Weekend market update: #SPOTGOLD 2506.3 +0.12% #DAX 18321.1 -0.04% #DOW 40676.7 +0.01% #NASDAQ 19502.7 -0.07% #FTSE 8302.6 +0.05% #HANGSENG 17554.6 -0.01% #GBPUSD 12944.5 +0.01% #EURUSD 11023.1 +0.02% #USDJPY 14763.5 -0.03%.
  

• VAERS US COVID Vaccine Adverse Event Reports. 1,013,375 Reports(+481 from prior report) Through August 2nd, 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.

Stocks Reversing Higher into Final Hour on Rising Fed Rate-Cut Odds, Diminishing Yen Carry Trade Unwind Worries, Lower Long-Term Rates, Financial/Retail Sector Strength

Broad Equity Market Tone:

• Advance/Decline Line: Higher
  

• Sector Performance: Mixed
  

• Volume: Below Average
  

• Market Leading Stocks: Performing In Line
  

Equity Investor Angst:

• Volatility(VIX) 14.9 -2.3%
• DJIA Intraday % Swing .64 +6.1%
  
• Bloomberg Global Risk On/Risk Off Index 54.5 +3.2%

• Euro/Yen Carry Return Index 179.3 -.7%

• Emerging Markets Currency Volatility(VXY) 8.3 -1.6%

• CBOE S&P 500 Implied Correlation Index 14.2 -.6% 

• ISE Sentiment Index 153.0 +23.0
  

• Total Put/Call .84 -12.5%

• NYSE Arms 1.15 +88.5%
  
• NYSE Non-Block Money Flow -$64.5M 
  

Credit Investor Angst:

• North American Investment Grade CDS Index 51.2 -2.1%
  

• US Energy High-Yield OAS 301.0 -.18%
• Bloomberg TRACE # Distressed Bonds Traded 259 -1
  

• European Financial Sector CDS Index 61.8 -1.7%
  
• Deutsche Bank Subordinated 5Y Credit Default Swap 166.7 -2.2%
  

• Italian/German 10Y Yld Spread 139.0 basis points +2.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 96.3 -2.3%
  

• Emerging Market CDS Index 168.7 +.71%
  
• Israel Sovereign CDS 142.6 +2.3%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 25.03 +.14%

• 2-Year SOFR Swap Spread -19.5 basis points +1.0 basis point
  

• Treasury Repo 3M T-Bill Spread -10.75 basis points -.75 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -1.75 unch.
  
• MBS  5/10 Treasury Spread 140.0 -3.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 700.0 -9.0 basis points
  
• Avg. Auto ABS OAS 66.0 -1.0 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 39.08 +.08%
• 3-Month T-Bill Yield 5.21% -1.0 basis point
  

• China Iron Ore Spot 93.0 USD/Metric Tonne +1.1%
• Dutch TTF Nat Gas(European benchmark) 39.6 euros/megawatt-hour +.11%

• Citi US Economic Surprise Index -36.6 -1.7 points

• Citi Eurozone Economic Surprise Index -58.9 -.1

• Citi Emerging Markets Economic Surprise Index -11.2 -1.1 points
• S&P 500 Current Quarter EPS Growth Rate YoY(463 of 500 reporting) +8.5% unch.
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 264.23 +.05:  Growth Rate +15.8% +.1 percentage point, P/E 21.0 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.68% -4.0 basis points
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +26.3% unch.
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 342.52 +.18: Growth Rate +27.7% +.1 percentage point, P/E 32.8 +.1
  
• Bloomberg US Financial Conditions Index .89 +13.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .71 unch.
  
• US Yield Curve -17.5 basis points (2s/10s) +.5 basis point
  
• US Atlanta Fed 3Q GDPNow Forecast +1.99% -92 basis points
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 68.9% +1.0 percentage point
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.64% unch.: CPI YoY +2.60% unch.
  
• 10-Year TIPS Spread 2.10 -2.0 basis points
  
• Highest target rate probability for Nov. 7th FOMC meeting: 62.3%(+.4 percentage point) chance of 4.75%-5.0%. Highest target rate probability for Dec. 18th meeting: 42.7%(+1.9 percentage points) chance of 4.25%-4.5%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -318 open in Japan 
• China A50 Futures: Indicating +2 open in China

• DAX Futures: Indicating +90 open in Germany

Portfolio:

• Higher:  On gains in my tech/consumer discretionary/utility sector longs
  

• Disclosed Trades: None
  

• Market Exposure: 100% Net Long
  

Bear Radar

Style Underperformer:

• Mid-Cap Value +.2%
  

Sector Underperformers:

• 1) Airlines -1.1% 2) Alt Energy -.4% 3) Steel -.2%

Stocks Falling on Unusual Volume: 

• AMCR, DESP, ALAB, WOLF and RGEN
  

Stocks With Unusual Put Option Activity:

• 1) RKLB 2) SILJ 3) FWRD 4) LQDA 5) WMG
  

Stocks With Most Negative News Mentions:

• 1) MAXN 2) ABR 3) XPEL 4) LFCR 5) AMCR
  

Sector ETFs With Most Negative Money Flow:

• 1) XLK 2) XLE 3) GDX 4) XLI 5) XME

Charts:

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

Bull Radar

Style Outperformer:

• Mid-Cap Growth +.5%
  

Sector Outperformers:

• 1) Gold & Silver +1.9% 2) Regional Banks +1.5% 3) Retail +1.3%

Stocks Rising on Unusual Volume:

• EBS, HRB, ASPN, QTRX, CLBT, COHR, LI, FTAI, MSGE, LYFT, JD, TEM, CDNA, HRTG, BABA, KTOS, SPHR, QXO, FIHL, ANAB, GLOB, LTH, TEAM, TGTX, ENLC, HG, CVGW, PLTR, ULTA, QFIN, INSM, TBBK, NU, GOLD and PDD
  

Stocks With Unusual Call Option Activity:

• 1) RKLB 2) CRTO 3) EBS 4) LUNR 5) VSCO

Stocks With Most Positive News Mentions:

• 1) HRB 2) MRVI 3) ZCAR 4) AMMX 5) EBS
  

Sector ETFs With Most Positive Money Flow:

• 1) XLF 2) SMH 3) XLV 4) XLU 5) XRT
  

Charts:

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