BETWEEN THE HEDGES

NEW: Tucker Carlson endorses Rick Scott for GOP Senate leader, rips Mitch McConnell. “What the hell is going on in the US Senate?” Tucker asked on X. “Hours after Donald Trump wins the most conclusive mandate in 40 years, Mitch McConnell engineers a coup against his agenda by calling early leadership elections in the senate.” “Two of the three candidates hate Trump and what he ran on. One of them, John Cornyn, is an angry liberal whose politics are indistinguishable from Liz Cheney’s.” “The election is Wednesday, it’s by secret ballot, and it will determine whether or not the new administration succeeds. Rick Scott of Florida is the only candidate who agrees with Donald Trump.” “Call your senator and demand a public endorsement of Rick Scott. Don’t let McConnell get away with it again.” The video below is from a recent event where Tucker ripped Mitch McConnell for failing the American people. (video)

@patriot_hammer

Here's the list, Leo. Everyone in YELLOW was endorsed by Trump in their last election to the US Senate -- and they are voting for either Thune or Cornyn. (list)

@realannapaulina

Phone your Senator and tell them who YOU want them to vote for majority leader! (list with numbers)

@bennyjohnson

A vote for John Thune is worse than just keeping McConnell in power. It’s a vote to put the Cheney family in charge of the Senate. The Cheney family went all-in for Kamala. Has John Thune disavowed his “old friends” — of course not. (pic)
Do Republicans really deserve a Senate Leader who memorializes the “anniversary” of January 6th?! Guys, this is insane. Indistinguishable from a Schumer-Pelosi press release and also furthers multiple hoaxes against Trump. Totally Disqualifying for John Thune. (pic)
John Cornyn is sharing articles comparing MAGA to a cancerous tumor and calling Trump an “embarrassment”. Disqualifying. The Swamp’s mission is to act as a roadblock to Trump in DC and destroy the MAGA agenda. Call your Senators TODAY and make sure they vote Rick Scott for Leader.
LISTEN: 100 year old veteran breaks down in tears at what America has become. “The things we did and the things we fought for and the boys that died for it, it’s all gone down the drain.” Don’t forget what they fought for this Veterans Day. (video)
IMPORTANT: Senator Rick Scott has the support of Tucker Carlson, Elon Musk, RFK Jr., Vivek Ramaswamy, Charlie Kirk, Rand Paul and many other kickass Senators including our future Vice President JD Vance. Here’s how your Senator is allegedly voting. Ask them why…

MrLTavern

Here's who plans on voting for #Thune. If you live in one of these states call them & give them hell. (pic)

@jsolomonReports

Thune wants President-elect Trump to stay out of race for Senate GOP leader.

charliekirk11

John Thune on whether he would support Trump running for President: “I’m hoping we get other options.” Would be a shame if this went viral. (video)

@pepesgrandma

Breaking! This is a dealbreaker! John Thune, senate majority leader candidate, went to the 2016 World Economic Forum at Davos! Where he hobnobbed with democrats and globalists! Don’t forget to check out my other post where Melinda Gates funds him! Oh and there’s at least one other thing coming. Boohyeah!

@OnClose

This Thune? (pic)

@Jessica_4_Trump

WOW! According to The Heritage Foundation’s conservative voting record scorecard, Sen. Rick Scott has a 95% lifetime score, while Thune and Cornyn have 62 and 64%. No wonder the Swamp is doing everything in its power to keep Rick Scott from becoming Senate Majority Leader. (pic)

@amuse

BREAKING: Senator John Cornyn's closing argument for Senate Majority Leader is to join forces with Democrats. He seems completely unaware of the mandate the American people just handed the president. Time to turn the page and elect
@SenRickScott.
ELECTION INTEGRITY: Why did the Harris campaign issue more than 10,000 refunds to individual contributors on ActBlue? The Trump campaign, on the other hand, only issued 31. Was it buyer's remorse or something more sinister? That's the question hanging in the air as we examine the peculiar and stunning pattern of refunds issued by the Harris campaign. These contributions were all handled through the Democrats' preferred fundraising platform, ActBlue, which has a glaring lack of KYC (Know Your Customer) protocols. The absence of any real verification raises serious concerns: were these donations genuine, manipulated, or something even more troubling?

@MTGrepp

HOLY SH*T!! Sen John Cornyn agrees with Liz Cheney and doesn’t think 2020 was stolen. “Joe Biden won the Election”. John Cornyn and the people that want to vote for him do NOT want you to see this video. (video)
HAPPENING NOW! Many Senators are already changing their vote to Rick Scott. They did NOT expect the List to get LEAKED. WE HAVE TO KEEP PRESSURE ON THEM NOW. THIS IS HOW WE MAKE AMERICA GREAT!

seanmdav

John Cornyn, who is currently running for Senate Majority Leader, called me a Nazi sympathizer last year when I said the U.S. should secure its own border before spending hundreds of billions of dollars on Ukraine.

@TheLeoTerrell

I will post every day for the next four years the names of every Republican Senator who fails to vote Senator Rick Scott for Majority Leader. I will call the list “the do not invite list”.

@TexasRepublic71

John Cornyn’s baby in Texas is Colony Ridge. If you don’t know what Colony Ridge is look it up. It’s thousands of acres of illegal aliens in Texas where State Troopers don’t even like to go.

@BehizyTweets

BREAKING: Benny Johnson is now reporting that some Republican Senators are changing their votes from Mitch McConnell's Uniparty plants to Rick Scott for Senate Majority Leadue due to the massive wave of pressure. Keep it up, patriots.
The two Warmongers from South Carolina are both voting for Mitch McConnell's plants for Senate Leader. Lindsey Graham (@LindseyGrahamSC): John Cornyn Tim Scott(@SenatorTimScott): John Thune. It's time red states started voting for actual Republicans.
Senate Leader Candidates John Cornyn and John Thune immediately betrayed President Trump after the corrupt New York court ruled against him in the E. Jean Carroll witchhunt. Cornyn: "I don't think he can get elected." Thune: “People are going to have to decide whether they want to deal with all the drama.” These crooks hate MAGA. Rick Scott is the only choice. (video)

@TomeFitton

Republican Senators are angry that American voters are being educated about their important Senate leadership election in which they will pick @SenRickScott, @JohnCornyn or @SenJohnThune. All the more reason to call your senators and let them know what you think -- 202-224-3121.

@drawandstrike

Nobody...and I mean this, so pay attention...NOBODY...voted on November 5 for the Mitch McConnell/John Thune/John Cornyn agenda for America. N-O-B-O-D-Y. They voted for the DONALD J. TRUMP agenda for America. Stop your bullshit, US Senate.
You all know what a secret vote does, right? It means Senators can stand up there in public and bloviate and bullshit about how they voted for Scott and were shocked, **SHOCKED** to see Cornyn or Thune easily win the secret vote. And you can't prove that lying Senator didn't vote for Scott at all, because his vote was recorded in SECRET. He gets to lie in public and safely hide his actual vote in secret. This is the exact kind of SHIT we voted to sent Trump to DC to destroy with a blowtorch. You are gonna regret even trying this.

@OldRowSwig

The Democrats stole the Wisconsin Senate seat. (graph)

@_BlakeHabyan

BREAKING: Maricopa County released another bogus 97,000 ballot dump. The fix is in — Kari Lake’s race is being stolen. The first batch of 23,169 ballots, released at around 11:00 AM MST Sunday, went more than 55% for Ruben Gallego and just over 41% in favor of Lake, netting Gallego an additional 3,278 votes. Later, at 7:00 PM, MST Maricopa dumped 97,254 ballots favoring Gallego 54% to Lake’s 40%, bringing Gallego’s lead to over 66,000. The question is, what will be done about it?

@MJTruthUltra

Joe Rogan raises serious concerns about the amount of Votes Joe Biden ‘Received’ in 2020! “If you look at 2012, it’s consistent with 2016, which is consistent with 2024. The anomaly is 2020…. In 2020, everything goes way up, way up!” Will the 2020 election be exposed? (video)
Every Veterans Day at exactly 11:11am MST– The Anthems Veteran Memorial in Anthem Arizona allows the sun's rays to spotlight the Great Seal. The Anthem Veterans Memorial was built in 2011 to honor the sacrifice and service made by members of the United States Armed Forces. (pic)
Another banger from John Cornyn. (pic)

@ChuckCallesto

When the OFFICAL HIDDEN VOTE for Senate Majority Leader is LEAKED there will be a lot of senators PACKING THEIR BAGS in 2026. You saw what was accomplished in 2024, put your seatbelts on RINO's. They are coming for your seats.

@SaveUSAKitty

Steve Bannon: “Let me tell the Senate, and let me tell their staff…Even if you don’t agree to a PUBLIC vote, we’re gonna get it leaked…you are not going to be able to hide from this vote.” (video)

@TONYxTWO

America, Watch your new Border Czar, Tom Homan, absolutely destroy AOC with nothing but facts. We are in good hands. (video)

@kylenabecker

This is a great post. Do *NOT* forget this when the limousine liberals in the obsolete media start crying fake tears over illegal alien deportations. (pic)

@EricRWeinstein

Not to beat the same dead horse as on @PiersUncensored, but I also can’t shake concern for even the physical safety of the incoming president and vice president. It feels crazy to say it, but the two shooters (particularly the second) weigh heavily in my mind. Two shooters is a lot, but there are still those who feel that any such concern is *always* a fever dream. Ignore them. The SuperTicket is playing with fire. I would highly recommend that someone in the transition team get Gary Hart on board, who is one of the last living links to the Church Committee, and could thus advise as to what it is actually like to frontally engage the covert and intelligence operations groups in a hostile fashion. Washington hasn’t been overhauled at this level since the 1970s.

@GenFlynn

This is absolute bullshit, should never happen in a citizen driven constitutional republic. Any republican U.S. Senator who is okay with this should be embarrassed and you will be at risk of being removed during your next run for Senate. #WeThePeople are sick of the secrecy, lies, deception and corrupt and criminal behavior by “elected” members of our legislative branch. Digital Soldiers should demand an open, transparent and very public vote for the next leader of OUR United States Senate.
#KariLakeWon and some of those involved w/ AZ elections are going to find themselves in very hot water.

@emperorgrok

PIMA County election results as of 3:26 p.m. today. (FRAUD INCOMING). Ruben Gallego has 79,128 more votes then Donald Trump and 5,330 more votes then Kamala Harris. I'll look into the result again tomorrow but as of now it looks like 84,458 people voted for Gallego and didn't elect to vote for a presidential candidate. The norm for this is typically far below .02% and this current metric shows a percentage of .1937%. This is indeed fraud and Pima County needs to be investigated.

@MarioNawful

GENERAL FLYNN’S POST-ELECTION WARNING: “PREPARE FOR ANOTHER ATTEMPT ON TRUMP”. In a recent talk with Steve Bannon, General Flynn issued a stark warning to Trump’s inner circle: prepare for another potential attempt on Trump’s life before January. Flynn, highlighting two prior assassination attempts, stressed the urgency, saying, “Trump needs to be very certain of the security around him.” Flynn also urged readiness for a larger battle against the Deep State, insisting on accountability and preparedness for what lies ahead.

@ColonelRETJohn2

This is targeted, RICO Industrial Level Ballot production. Trump needs to announce now, that on Day 1, FBI and DOJ priorities will be turned upside and Operation Truth will descend on Arizona to review every ballot and every ballot dump. Every Recorder and State Government official will be held accountable in AZ, all race outcomes will be held in abeyance.

Night Trading

Asian equity indices are -1.0% to unch. on average.

Asia Ex-Japan Investment Grade CDS Index 70.0 +1.0 basis point.

China Sovereign CDS 62.25 +.25 basis point.
China Iron Ore Spot 100.3 USD/Metric Tonne -.4%

Bloomberg Emerging Markets Currency Index 39.9 -.07%.
Bloomberg Global Risk-On/Risk Off Index 68.5 +.6%.
Volatility Index(VIX) futures 15.8 +.18%.
Euro Stoxx 50 futures -.47%

S&P 500 futures -.11%.

NASDAQ 100 futures -.05%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and commodity 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.

Stocks Reversing Slightly Lower into Final Hour on US Election Integrity Concerns, Anti-Trump Senate Majority Leader Thune/Cornyn Possibilities, Profit-Taking, Metals & Mining/Pharma Sector Weakness

Posted by Gary .....at 3:39 PM

Economic Gauges:

Bloomberg Emerging Markets Currency Index 37.9 -.24%
3-Month T-Bill Yield 4.52% -1.0 basis point

China Iron Ore Spot 101.4 USD/Metric Tonne +.7%
Dutch TTF Nat Gas(European benchmark) 43.7 euros/megawatt-hour +3.1%

Citi US Economic Surprise Index 37.1 -.1 point

Citi Eurozone Economic Surprise Index 18.7 +2.0 points

Citi Emerging Markets Economic Surprise Index -1.9 +1.8 points
S&P 500 Current Quarter EPS Growth Rate YoY(453 of 500 reporting) +7.1% unch.
S&P 500 Blended Forward 12 Months Mean EPS Estimate 268.04 +.02: Growth Rate +15.1% -1.5 percentage points, P/E 22.4 unch.
S&P 500 Current Year Estimated Profit Margin 12.52% -1.0 basis point
NYSE FANG+ Current Quarter EPS Growth Rate YoY(7 of 10 reporting) +25.7% unch.
NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 376.54 unch.: Growth Rate +34.0% -3.3 percentage points, P/E 32.9 unch.
Bloomberg US Financial Conditions Index 1.10 +25.0 basis points
Bloomberg Euro-Zone Financial Conditions Index 1.51 -5.0 basis points
US Yield Curve 4.5 basis point (2s/10s) -7.0 basis points
US Atlanta Fed Q4 GDPNow Forecast +2.45% unch.
US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 35.5% unch.

Cleveland Fed Inflation Nowcast Core PCE YoY +2.74% unch.: CPI YoY +2.56% unch.
10-Year TIPS Spread 2.36 -1.0 basis point
Highest target rate probability for Jan. 29th FOMC meeting: 55.5%(+2.1 percentage points) chance of 4.25%-4.5%. Highest target rate probability for March 19th meeting: 39.6%(-1.8 percentage points) chance of 4.0%-4.25%. (current target rate is 4.5-4.75%)

Overseas Futures:

Nikkei 225 Futures: Indicating +222 open in Japan
China A50 Futures: Indicating -69 open in China

DAX Futures: Indicating +65 open in Germany

Portfolio:

Higher: On gains in my tech/financial/consumer discretionary/industrial/utility sector longs and emerging market shorts

Disclosed Trades: None

Market Exposure: 100% Net Long

Bull Radar

Posted by Gary .....at 3:03 PM

Style Outperformer:

Small-Cap Value +1.7%

Sector Outperformers:

1) Airlines +3.6% 2) Regional Banks +3.5% 3) Digital Health +2.9%

Stocks Rising on Unusual Volume:

WRD, MARA, OUST, BTDR, HUT, CLSK, MSTR, COIN, RIOT, LMND, RDNT, HIMS, AFRM, IREN, MGNI, PGY, RDW, ZK, OEC, BEAM, SQ, BMY, RKLB, ELF, EVH, HOOD, GME, TREE, DAVE, BILL, FLYW, GDYN, PRAX, AR, SOFI, TSLA, CRSP, INOD, DKNG, DAVA, WIX, ARIS, AMSC, FIVN, ECG, CXW, CRM, CGEM, FOUR, BEW, SMWB, RSI, IBKR, DOCS, OS, DVAX, KTOS, LYFT, PINS, BBWI, PSFE, IMXI, PLTR, SGRY, GEO, ZETA, RAIL, SDGR, PX, VLY, LITE, SHOP and DJT

Stocks With Unusual Call Option Activity:

1) BNO 2) CAN 3) GRAB 4) PBI 5) FVRR

Stocks With Most Positive News Mentions:

1) COIN 2) RDNT 3) HOOD 4) BMY 5) RIOT

Sector ETFs With Most Positive Money Flow:

1) XLF 2) XBI 3) XLP 4) GRNY 5) IGV

Charts:

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

Posted by Gary .....at 2:25 PM

Earnings of Note
Company/Estimate

Before the Open:

(AZN)/1.02
(CAMT)/.69
(HTZ)/-.46
(HD)/3.65
(IAC)/-.28
(IGT)/.35
(MOS)/.52
(ONON)/.19
(RGEN)/.34
(SE)/.46
(THS)/.75
(TSN)/.72

After the Close:

(DOX)/1.70
(CAVA)/.11
(CHGG)/.07
(CART)/.22
(LNW)/1.08
(OXY)/.74
(SWKS)/1.52
(SPOT)/1.69
(MODG)/-.17

Economic Releases

6:00 am EST

The NFIB Small Business Optimism Index for Oct. is estimated to rise to 92.0 versus 91.5 in Sept.

Upcoming Splits

None of note

Other Potential Market Movers

The Fed's Kashkari speaking, Fed's Barkin speaking, Fed's Weller speaking, Fed's Harker speaking, Loan Officer Survey, weekly US retail sales reports, NY Fed 1Y Consumer Inflation Expectations Index for Oct., OPEC monthly report, BofA Consumer/Retail Conference, UBS Healthcare Conference, Baird Industrial Conference and the Guggenheim Healthcare Conference could also impact global trading tomorrow.

US Equity Market Hours

9:30 am - 4:00 pm EST

Afternoon Market Internals

Posted by Gary .....at 1:53 PM

NYSE Composite Index:

Volume Running +27.0% Above 100-Day Average
Nasdaq/NYSE Volume Ratio 14.8 +2.3
5 Sectors Declining, 6 Sectors Rising
57.8% of Issues Advancing, 40.4% Declining
TRIN/Arms .82 -49.4%
Non-Block Money Flow +$272.2M
409 New 52-Week Highs, 28 New Lows
64.0% (+.9%) of Issues Above 200-day Moving Average
Average 14-Day RSI 67.0 +2.0

Other:

Bloomberg Global Risk-On/Risk-Off Index 68.0 -.3%
Bloomberg Cyclicals/Defensives Index 245.4 n/a
Russell 1000: Growth/Value 20,223.9 -.89%
CNN Fear & Greed Index 68.0 (GREED) +7.0
1-Day Vix 9.2 -2.7%
Vix 15.1 +1.1%
Total Put/Call .74 -9.8%

Top Menu

Tuesday, November 12, 2024

Mid-Day Market Internals

Monday, November 11, 2024

Tuesday Watch

Stocks Reversing Slightly Lower into Final Hour on US Election Integrity Concerns, Anti-Trump Senate Majority Leader Thune/Cornyn Possibilities, Profit-Taking, Metals & Mining/Pharma Sector Weakness

Bull Radar

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

Afternoon Market Internals