Tuesday Watch

Around X:

• @Business

• Commerce Secretary Howard Lutnick said a 90-day extension of a trade truce with China was a likely outcome with negotiations between the two countries underway in Stockholm. 
• China’s proposed coal mine developments risk creating an oversupply and derailing climate goals, according to Global Energy Monitor. 
• Here’s the latest news and analysis on the oil market. 
• Union Pacific is nearing an agreement for a stock-and-cash deal for Norfolk Southern that would value the smaller rival at about $320 a share.
• Gold held a decline after the dollar rose the most since May following a tariff deal between the US and the European Union, with investors now focusing on prospects for an extension of a trade truce between Washington and Beijing.
• Alphabet's Waymo plans to launch robotaxi service in Dallas next year in partnership with Avis, a push by the autonomous car company to diversify beyond its relationship with Uber to further expand across the US.
• Celestica raised its full-year revenue forecast for the third time in a row as demand grows for its cloud-computing segment. 
• Berkshire Hathaway is selling about a third of its stake in VeriSign, locking in a sizable gain since the Warren Buffett-led investment firm began building its stake in the domain name registry services company more than a decade ago. 
• Uber is pushing back on a new NYC proposal requiring delivery app workers to display company-issued identification numbers on reflective vests, saying it "singles out" immigrant workers for "heightened surveillance and control".
• Cadence Design pleaded guilty to charges accusing the company of violating US export controls by selling hardware and software to China’s National University of Defense Technology. 
• An activist investor and a real estate executive are calling donors to commit at least $25,000 to an effort opposing Zohran Mamdani’s run for mayor of New York City. 
• The US Education Department said that it has launched an investigation of Duke University and the Duke Law Journal over allegations of civil rights violations. 
• Get up to speed on what's moving global markets.
• European capitals defended the trade deal struck with Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero: Here’s your Evening Briefing.   
• Here's what you need to know to start your day. 

• @ZeroHedge 

• Electric Utilities Will Invest More Than $1.1 Trillion By 2030 To Meet Demand Growth. 
• South Korea wants to modernize the US navy. South Korea proposed a shipbuilding project worth tens of trillions of won to US during the tariff negotiations, Yonhap News says, citing unidentified sources.
• The DOJ has filed a formal complaint, accusing District Judge James Boasberg of misconduct.
• NYC Blackstone Tower Shooter ID'd As Shane Tamura.
• FOX NEWS: "Light skin African-American looking guy. Kind of middle eastern looking." CNN: "Male, possibly white, wearing sunglasses, has a mustache." Actual quotes from both. (pic)
• Chinese Intel-Linked Bankers Reportedly Fundraised For L.A. Mayor Karen Bass. 
• "This Isn't Cultural Drift - It's Social Engineering...".
• BREAKING: Two people were taken into custody at the scene of active shooter in Manhattan, a man and a woman. The woman has a cut on her head and the man allegedly said, “Free Palestine, I’m not the active shooter!” (pic)
• Multiple People Shot At Blackstone's New York Headquarters; Shooter Killed Himself
  .
• CDC Releases Update On 'Long COVID' Symptoms.
• Authorities have charged at least five suspects in a violent brawl that took place in downtown Cincinnati according to police. 
    
   
• The fact that gay chiId sex offenders are able to legally purchase baby boys is a massive moral indictment on us all. (video)
• Sydney Sweeney Wears Jeans In Ad, Woke Liberals See Nazis.
• The S&P closed up 1 point (+0.02%) today after another last hour ramp to print a 6th consecutive all time high.  
• Dollar Rips, Gold Dips On Trade-Deals; Momo, Memes, & 'Most Shorted' Dump Into Crazy Week. 

• @CNBC 

• Tuesday’s big stock stories: What’s likely to move the market in the next trading session.
• Stocks making the biggest moves after hours: Cadence Design Systems, Whirlpool, Nucor and more. 

• @MarioNawful  

• PHONES BEFORE 13 LINKED TO WORSE MENTAL HEALTH LATER. A study of over 100,000 young adults found kids who got smartphones early had higher rates of depression, low self-worth and suicidal thoughts. Nearly half of girls who had phones by age 5 or 6 reported severe suicidal thoughts compared to 28% who got them at 13 or older. Researchers say delaying smartphones until 14 and social media until 16 could help prevent long-term damage.
• LOCKHEED CEO TEASES “GAME-CHANGING” SECRET PROGRAM - IN DEVELOPMENT SINCE 2018. Lockheed Martin’s CEO just dropped a rare hint: the defense giant has been working on a top-secret program since 2018 - and it’s nearly ready. Details? Classified. But he called it “a game-changer” and “critical for both U.S. and allied forces”, with projected demand stretching years into the future. Eyes on the black budget.

• @GenFlynn

• There is an incredibly important and very strategic message here for all Americans and all of humanity. Thank you @POTUS @realDonaldTrump. There is more to come! (video)
• BREAKING: D.C. Sources Tell Me The REPUBLICANS On The Senate Intelligence Committee Chaired By @SenTomCotton ARE CRAFTING LEGISLATION THAT WOULD START RESTRICTING @DNIGabbard FROM REVIEWING & RELEASING, TO THE PUBLIC, DEEP STATE & INTEL FILES SHOWING THEY'VE BEEN CRIMINAL! Why @TomCottonAR ? This is starting to look really bad for you.  

• @LeadingReport

• BREAKING: Donald Trump turned down opportunity to travel to Jeffrey Epstein’s island, per Axios.

• @amuse 

• ISLAMIFICATION: The Boston Police Department is actively reaching out to its growing Islamic community to recruit Islamic police officers to enforce the law and 'social norms' in predominantly Muslim neighborhoods.

• @GuntherEagleman

• BREAKING: Leader John Thune has just started the process to CONFIRM Trump nominees! Either they hit OVERDRIVE right now, or most of the 130 nominees waiting will be stalled unless Trump uses recess appointments. (video)
  Quote

• @RodDMartin

• BREAKING: Trump admin rebuffs Schiff, reopens massive Pacific oil reserve capable of 80% of regional production. After 10 years offline, 190 million barrels are back in play—despite Adam Schiff’s tantrum. Here’s how Trump revived Santa Ynez in just five months.

• @annvandersteel

• When did this white blanket blocking the sun become a normal thing in the sky? Especially in Florida? Its not. Its from manipulating our skies. I am up in Marblehead Massachusetts and it is the same up here. The Bill Gate Globalist cabal is Dimming the Sun. They are sick freaks. (pic)

• @disclosetv

• ICYMI - Attack drones will be deployed at select U.S. schools to stop school shooters in emergencies, by Campus Guardian Angel, a company founded by U.S. military and defense contractors. (video)

• @MsKristaMonroe

• Operation Grayskull just quietly became one of the most successful child predator takedowns in U.S. history. Four of the most disturbing child abuse websites on the dark web were completely dismantled. Eighteen offenders were convicted in the U.S. alone. Over 300 years in federal prison have been handed out so far. And the networks haven’t resurfaced. This didn’t happen under Biden. It started during Trump’s first term. And it’s wrapping up now, under Trump’s second, with Kash Patel at the head of the FBI.

Night Trading 

• Asian equity indices are -.5% to +.25% on average. 
• Asia Ex-Japan Investment Grade CDS Index 68.25 -.5 basis point.
• China Sovereign CDS 40.25 -.75 basis point.
• China Iron Ore Spot 101.4 USD/Metric Tonne +.6%. 
• Polymarket:  Which Countries Will the US Agree to Tariff Agreements with Before August?

• China 32.0% -25.0 percentage points
• India 16.0% -6.0 percentage points
• South Korea  58.0% -6.0 percentage points.
• Mexico 20.0% -8.0 percentage points. 

• Swiss Franc/Offshore Chinese Renminbi Cross 8.94 +.05%.
• Bloomberg Emerging Markets Currency Index 36.5 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 80.1 +1.0%.
• US 10-Year Yield 4.40% -1.0 basis point.
• Volatility Index(VIX) futures 17.3 -.8%.
• Euro Stoxx 50 futures +.26%. 
• S&P 500 futures +.07%. 
• NASDAQ 100 futures +.15%.

Morning Preview Links

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

Stocks Slightly Lower into Final Hour on US Dollar Strength, Technical Selling, Profit-Taking, Alt Energy/Pharma Sector Weakness

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 36.5 -.5%
• US 10-Year T-Note Yield 4.41% +3.0 basis points
• 3-Month T-Bill Yield 4.34% -1.0 basis point

• China Iron Ore Spot 101.9 USD/Metric Tonne +.9%
• Dutch TTF Nat Gas(European benchmark) 32.9 euros/megawatt-hour +1.2%

• Citi US Economic Surprise Index 6.8 +3.3 points

• Citi Eurozone Economic Surprise Index 29.9 -2.4 points

• Citi Emerging Markets Economic Surprise Index 9.8 -5.4 points
• S&P 500 Current Quarter EPS Growth Rate YoY(168 of 500 reporting) +8.3% unch.
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 283.60 +.29:  Growth Rate +11.0% +.1 percentage point, P/E 22.6 +.1
• S&P 500 Current Year Estimated Profit Margin 13.43% -1.0 basis point
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(3 of 10 reporting) +22.4% unch.
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 455.56 +1.00: Growth Rate +20.8% +.3 percentage point, P/E 33.3 unch.
• Bloomberg US Financial Conditions Index .64 +2.0 basis points
• Bloomberg Euro-Zone Financial Conditions Index 1.58 -5.0 basis points
• Bloomberg Global Trade Policy Uncertainty Index 7.1 +.3
• US Yield Curve 48.5 basis points (2s/10s) +1.5 basis points
• US Atlanta Fed GDPNow Q2 Forecast +2.4% unch.
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 41.5% +.3 percentage point

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.66% unch.: CPI YoY +2.73% unch.
• 1-Year TIPS Spread 2.70 +7.0 basis points
• 10-Year TIPS Spread 2.43 +1.0 basis point
• Highest target rate probability for Sept. 17th FOMC meeting: 63.7% (+1.8 percentage points) chance of 4.0%-4.25%. Highest target rate probability for Oct. 29th meeting: 50.5%(+1.0 percentage point) chance of 4.0%-4.25%. (current target rate is 4.25-4.5%)
  

Polymarket:

• Which Countries Will the US Agree to Tariff Agreements with Before August? 

• China 45.0% -12.0 percentage points
• India 19.0% -3.0 percentage points
• South Korea  61.0% -3.0 percentage points.
• Mexico 29.0% +1.0 percentage point. 

Overseas Futures:

• Nikkei 225 Futures: Indicating -193 open in Japan 
• China A50 Futures: Indicating -35 open in China

• DAX Futures: Indicating +65 open in Germany

Portfolio:

• Slightly Higher: On gains in my tech/utility sector longs and emerging market shorts
• Disclosed Trades: Added to my (IWM)/(QQQ) hedges
• Market Exposure: Moved to 75% Net Long

Bull Radar

Style Outperformer:

• Large-Cap Growth +.2%

Sector Outperformers:

• 1) Oil Service +2.4% 2) Disk Drives +2.1% 3) Electrification +2.1%

Stocks Rising on Unusual Volume:

• CELC, SDM, NEGG, SRPT, TRML, BAND, SMCI, PLAB, ACMR, PD, DNTH, BKV, TRMD, SGRY, NICE, CUBI, UPB, MRC, VG, CAMT, ATRC, M, WGS, APPN, SPRY, NKE, AMD, SKYW, FLNG, TSLA and WNC

Stocks With Unusual Call Option Activity:

• 1) IOT 2) XLB 3) FNGR 4) SQNS 5) GTES

Stocks With Most Positive News Mentions:

• 1) CELC 2) NKE 3) BWFG 4) ANF 5) AMD

Sector ETFs With Most Positive Money Flow:

• 1) XLF 2) VOX 3) XBI 4) MSTY 5) VGT

Charts:

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

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (AMT)/2.59
• (AWI)/1.78
• (AZN)/1.09
• (CARR)/.91
• (CBRE)/1.07
• (CLS)/1.24
• (CVLT)/.97
• (GLW)/.57
• (EXP)/3.69
• (HRI)/1.96
• (HUBB)/4.43
• (JBLU)/-.33
• (JCI)/1.16
• (MRK)/2.02
• (NSC)/3.31
• (PYPL)/1.30
• (RGEN)/.39
• (RCL)/4.09
• (SPOT)/1.98
• (SWK)/.42
• (UBS)/.71
• (UNH)/4.48
• (UPS)/1.56 

After the Close: 

• (CAR)/2.21
• (BKNG)/50.22
• (CZR)/.06
• (CAKE)/1.06
• (EA)/.10
• (FTAI)/1.31
• (LSTR)/1.17
• (MDLZ)/.68
• (PPG)/2.23
• (RRR)/.41
• (STX)/2.45
• (SBUX)/.65
• (TER)/.54
• (V)/2.85
• (WERN)/.05
• (BA)/-1.40 

Economic Releases 

8:30 am EST

• Advance Goods Trade Balance for June is estimated at -$98.0B versus -$96.6B in May. 
• Wholesale Inventories MoM for June is estimated to fall -.1% versus a -.3% decline in May.
• Retail Inventories MoM for June is estimated to rise +.3% versus a +.3% gain in May. 

9:00 am EST

• The FHFA House Price  Index MoM for May is estimated to fall -.2% versus a -.4% gain in April.
• The S&P CoreLogic CS 20-City MoM SA for May is estimated to fall -.2% versus a -.31% decline in April.

10:00 am EST

• The JOLTS Job Openings report for June is estimated to fall to 7500K versus 7769K in May.
• The Conference Board Consumer Confidence Index for July is estimated to rise to 96.0 versus 93.0 June.

10:30 am EST

• Dallas Fed Services Activity Index for July. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The Atlanta Fed GDPNow Q2 update, 7Y T-Note auction, weekly US retail sales reports, API weekly crude oil stock report  and the (CRUS) annual meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Afternoon Market Internals

NYSE Composite Index:

• Volume Running -14.0% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 21.1 -2.8
• 8 Sectors Declining, 3 Sectors Rising
• 34.2% of Issues Advancing, 63.4% Declining 
• TRIN/Arms 1.25 +17.9% 
  
• Non-Block Money Flow -$142.3M
  
• 73 New 52-Week Highs, 9 New Lows
• 54.6% (-.5%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 61.3 -3.3

Other:

• Bloomberg Global Risk-On/Risk-Off Index 78.8% -4.0%
• Bloomberg Cyclicals/Defensives Index 254.1 -.99%
  
• Morgan Stanley Growth vs Value Index 168.4 +.3%
• CNN Fear & Greed Index 74.0 (EXTREME GREED) +1.0
• 1-Day Vix 8.2 -8.3%
  
• Vix 15.4 +3.0%
  
• Total Put/Call .83 -3.5%
• Polymarket:  Which Countries Will the US Agree to Tariff Agreements with Before August?

• China 41.0% -16.0 percentage points
• India 22.0% unch.
• South Korea  62.0% -2.0 percentage points.
• Mexico 28.0% unch. 

Monday Watch

Around X:

• @Business 

• The US and EU agreed to deal that will see the bloc face 15% tariffs on most of its exports.
• US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported, citing unnamed sources. 
• China’s industrial earnings fell for a second straight month, with authorities set to intensify their drive to rein in excessive competition that’s dragging down prices and compounding the pain from US tariffs. 
• Canada’s AtkinsRealis Group plans to apply for a US nuclear reactor license in a bid to leverage President Donald Trump’s atomic power initiative, the Financial Times reported
  .
   
• Japanese PM Shigeru Ishiba is having no second thoughts about staying in office despite growing calls for him to step down after last week's election setback.
• Samsung struck a 22.8 trillion won ($16.5 billion) agreement to produce chips for an unidentified client. 
• Thai and Cambodian leaders are set to hold talks on Monday in a bid to end the deadliest clash between the two Southeast Asian nations in over a decade
  . 
• Israel rolled back curbs on aid distribution in a bid to defuse a growing international outcry over the hunger crisis convulsing the shattered Palestinian enclave
  . 
• Here’s the latest news and analysis on the oil market.
   
• Breaking: Boeing faces a risk of a strike in its St. Louis defense hub after union workers rejected a contract offer that would boost their wages by 20% over four years. 
• Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week’s policy meeting may bolster expectations for rate cuts in the fall.
• Investors looking to protect against a pullback in stocks are venturing beyond plain-vanilla options.
• On display at the “X Takeover” event was Tesla’s forthcoming “Cybercab” as well as the Optimus humanoid robot. 
• Citigroup launched a premium credit card designed to rival ones offered by JPMorgan Chase and American Express. 
• Get up to speed on what's moving global markets. 
• Here's what you need to know to start your day. 

• @Zerohedge  

• BREAKING: President Trump hits MAJOR HOME RUN with a massive European Union trade deal while in Scotland...victory. 'ZERO TARIFF.' Experts lose again. "The EU is going to purchase from the US $750 BILLION worth of energy...Agree to invest $600 billion. Agree to open up their countries at zero tariff." "They are agreeing to purchase a vast amount of military equipment." "We are agreeing that the tariff straight across for automobiles and everything else will be a straight across tariff of 15%. We have a tariff of 15%, we have the opening up of all of the European countries...$750 billion worth of energy, and $600 billion of investments in the United States over and above what they have." "That basically concludes a DEAL." DEALMAKER IN CHIEF. THEY SAID IT WAS NOT POSSIBLE. This was months in the making. (video)
• Data centers will represent between 6.7% (low end) and 12% (high end) of all US energy use by 2028, a difference of 255 terawatt-hours of energy, equivalent to the energy consumption of over 24 million households - Lawrence Berkeley National Laboratory.
• Top 7 Observations From Goldman's Tech Trader Ahead Of Mag 7 Earnings Tsunami.
• Media Matters Meltdown: Lefty Watchdog Teeters On Bankruptcy Amid Legal Fights And Donor Exodus.
• This Scene Perfectly Defines The Fake Legacy Media...
• NEW: NY Times Pulitzer winner Jeff Gerth: "The media isn't looking for Russiagate scoops nor will they fairly present the ones others get if they reflect poorly on their prior reporting. Theyre in a defensive posture & arent inclined to report deeply on anything that helps Trump".
• Dem Strategist Juanita Tolliver: The Democrat party needs to go all in for Mamdani if they want to improve their favorability ratings. (video)
• US Sanctions Maduro-Linked Venezuelan 'Cartel Of The Suns' As Terrorist Entity. 
• The Biden family is going scorched earth after getting pushed out of power in the Democratic Party, and Hunter is their designated kamikaze pilot. Joe’s memoirs got a relatively paltry advance, there are no more board seats or corporate advisory roles, and no one wants to pay Joe or Lady Macbeth the $500k per speech the Obamas and Clintons can command, so the family has nothing to lose. The message is, “find a way to get us money, or we’ll have our charismatic, F-bomb-dropping prodigal son spend the next 15 months nuking your donors and leaders going into the midterms, and the media will eat it up every step of the way.”
• Extremism Masquerading As Activism. 
• 11 Stabbed In Attack At Michigan Walmart.
• Bongino Declares He's "Shocked To The Core" By FBI Deep State Investigations.
• China, US Extend Tariff Pause Another 90 Days.
• Is The Epstein Affair A Watershed Moment?  
• German Police Raid AfD MEP's Property For The 22nd Time.
• Bottom line: Brennan's CIA suppressed real intelligence and fabricated fake intelligence to frame Trump as a Russian conspirator and destroy his presidency. The ICA was a frame job, pure and simple. 
• Bovard: Waco, Epstein, & Washington's War On Truth.
• BREAKING: Senate Intel ranking Dem Mark Warner turned away an intel analyst who worked on the ICA & approached his office "numerous times" to blow whistle on CIA Dir Brennan juicing bad intel on Russia and Trump, but Warner refused to even give him email address to send evidence.
• Randi Weingarten just announced "a partnership with the World Economic Forum to create a curriculum.." (video)  
• Five Crucial Facts From The House Intel Report On 2016 Russian Interference.

• @CNBC

• How the U.S.-EU trade deal impacts America's imports overall: Tariff simulator.

• @GatewayPundit

• How Much Slavery Is in Cali? GOP Probe Aims to Find Out After ICE Raid Uncovers Child Labor Abuse.
• UK DYSTOPIA: British Police Forms ‘Elite Team’ to Monitor Social Media Searching for ‘Anti-migrant’ Posts, as Leftist Labour Government Braces for Citizens’ Revolt.
• Harmeet Dhillon Says Justice Department Will Monitor Local Investigation of Vicious Attack on White People in Cincinnati Caught on Viral Video.
• America First Legal Files Complaint Over Civil Rights Violations At John Hopkins School Of Medicine.
• Trump Administration Launches Investigation into Universities Suspected of Giving Scholarships to Illegals.  
• Google Silences Conservative Media. 

• @MarioNawful

• TRUMP ACCUSES KAMALA OF ILLEGAL CELEBRITY BUYOUTS. Trump says Democrats blew millions on celebs just to look cool, and totally broke the law doing it. According to him, Beyoncé got $11M, didn’t sing a single note, and still got booed. Oprah scored $3M just for “expenses,” and Al Sharpton pocketed $600K for… existing? Trump’s calling it illegal, fake, and desperate. He says Kamala should be in serious trouble for paying celebs to like her.
• AI BEATS DOCTORS IN PREDICTING SUDDEN CARDIAC DEATH. A Johns Hopkins team has built an AI tool - MAARS - that can predict sudden cardiac death in at-risk patients with up to 93% accuracy, dramatically outperforming current clinical guidelines. The system scans MRI images and patient records to spot hidden heart scarring, a major but often-missed red flag in conditions like hypertrophic cardiomyopathy, which can kill without warning - even in healthy-seeming athletes.

• @LauraLoomer.

• @JohnCornyn can’t win the Texas Senate GOP Primary. When is he going to drop out? Senator John Cornyn Busted for Manipulating Trump Rally Audio to Deceive Texas Voters.

• @OcrazioCornPop

• TRUMP CALLS OUT THUNE: The Senate plans to take a 39-DAY RECESS starting August 1, with 135 Trump nominees "backlogged" and 50 OPEN Federal Judge positions. Johnson and Thune plan to convene-and-adjourn every 4 or 5 days to block Trump from making any recess appointments. “This is very Important. Republicans must play to win. Clear the 135. So badly needed!” - @realDonaldTrump. WHAT IS YOUR MESSAGE TO @LeaderJohnThune?

• @CharlieKirk11

• Charlie Kirk on @foxandfriends: “One out of four of all home purchases in the last year were out of these firms like BlackRock that come in and are bidding out first time home buyers.” We need to put a stop to this. (video)

• @GeneralFlynn

• Among those who must be prosecuted for seditious conspiracy and treason is Robert Mueller who attempted to remove a duly elected president on the basis of what he knew was fabricated evidence. 100% AND this must be done immediately!

• @amuse 

• CENSORSHIP: President Trump's State Department has announced it is coming to the defense of Elon Musk's X after France labeled it an organized crime group and opened a criminal investigation.

• @TCNetworkFans 

• FLASHBACK: Chuck Schumer threatens Rupert Murdoch on the Senate floor after Tucker received the J6 footage. This led to FOX firing Tucker Carlson. Meanwhile, CBS axed Stephen Colbert over his show losing $40M/year. Spare me the fake Democrat cries. (video)

• @ShadowofEzra

• Filmmaker and stuntman Mike Smith claims top-level Hollywood demands a blood sacrifice or transitioning a child as a symbolic act of loyalty to a false god. He points to the rising number of stars with trans children, calling it part of a dark ritual. Smith asks how many more celebrities must lose loved ones in tragic “accidents” before people see the pattern. (video)

• @GuntherEagleman

• BREAKING: CIA Director John Ratcliffe just confirmed that John Brennan, James Comey, and Hillary Clinton are likely to be INDICTED over their involvement in Russiagate! (video)

• @BigSteve207

• Each dot on this map represents a residential, multifamily or commercial property flagged by DHS as linked to Asian Transnational Organized Crime. In my view, this map radically underestimates the scale of control Chinese drug and human trafficking cartels have in Maine. (map)

• @EricLDaugh

• BREAKING: The European Union just WITHHELD $1.7 billion from Ukraine over concerns of "corruption" in Zelensky's government. Zelensky's "glow" among Europe may be "dimming," per NYT. FINALLY! Time to cut off the gravy train.

• @newstart_2024

• Obama Admin Co-Owned mRNA Vax With Moderna—YEARS Before COVID! Docs prove NIH & Moderna signed a confidential vaccine deal in 2015—jointly owning mRNA coronavirus vax tech. Tech handed to Dr. Ralph Baric (yes, that Baric). "Frankenstein coronavirus" research in motion under Obama. So no, this was never "Trump’s vaccine." The blueprint was set—long before the pandemic. (video)
• Tucker Carlson’s Take: "The COVID Vax is Pure Evil – Its Makers Belong in Prison". " I feel emotional on the subject knowing a lot of people who've been injured or killed by the vax. I think it's completely evil, and I'm shocked by the fact that it was just authorized, the Moderna vax for kids was authorized. So I feel very emotional about that, and I feel like that's almost like a by ammo moment when they do that. I mean, I don't hear a nuanced view of that." "Like, no. I think the people who make it should go to prison. I think their immunity should be stripped tomorrow by the United States Congress. I think it's a deadly product. I think the whole thing is evil." (video)

• @americasgreat

• BREAKING: Susan Miller, retired CIA, who is calling Tulsi Gabbard a liar, and Pres Trump a Russian asset still retains the same security clearance as the U.S. president, minus the nuclear info. WHY? She was part of the Russia Collusion project.

• @mazemoore

• 2021. After Melinda Gates let the world know that Bill's relationship with Jeffrey Epstein was something she found extremely troubling, Bill went on Anderson Cooper to do clean up. The interview was over twenty minutes. Almost all of it was discussion of vaccines and Cooper praising Gates for his global health work. One question about Epstein. Gates told Cooper that he hung out with Epstein AFTER Epstein was a convicted sex offender because he wanted money for global health. Cooper had no follow up questions. In fact he apologized to Gates for what he was going through. Now Cooper can't stop talking about Trump and Epstein. He's so curious now. He'll do half a show on a birthday card he's never seen. (video)

• @IAPolls2022

• Pew Research: Party Affiliation - 2018 vs 2025. 2018: Dem 50-42%. 2025: GOP 46-45%... (table)
  

• @StockSavvyShay

• 10 BIGGEST WINNERS FROM U.S.–EU DEAL: 1. $NVDA | NVIDIA 2. $PLTR | Palantir 3. $TSLA | Tesla 4. $AVGO | Broadcom 5. $EOSE | Eos Energy 6. $AMD | Advanced Micro Devices 7. $MU | Micron 8. $OKLO | Oklo 9. $NBIS | Nebius 10. $ASML | ASML

• @BehizyTweets

• Even the fake news reporters couldn't believe how good Trump's trade deal with the European Union is. After hearing the details of the deal, a reporter had to ask: "What are the US concessions? What is the US giving up in the deal, if anything?" Ursula von der Leyen: "The starting point was an imbalance, a surplus on our side and a deficit on the US Side. And we wanted to rebalance the trade relations. And we wanted to do it in a way that trade goes on between the two of us across the Atlantic, because the two biggest economies should have a good trade flow between us. And I think we hit exactly the point we wanted to find." (video)

• @C_3C_3

• Remember… Josh Pitcock was Mike Pence’s Chief of Staff. Pitcock’s wife Katherine worked for Peter Strzok. Peter Strzok and Lisa Page wanted to recruit informants to spy in the White House. Mike Pence was a traitor from the beginning. Mike Pence was part of Obama’s coup.

• @endwokeness

• Zohran Mamdani: "Abolish property" (Lives in $2M apartment in Chelsea) Zohran Mamdani: "Defund police" (Has armed guards protecting him) Zohran Mamdani: "Eat the rich" (His parents are both millionaires) Communism in a nutshell.

• @RodDMartin

• BREAKING: Trump just rebalanced trade with the EU. After decades of one-sided deals, Trump made Europe open its markets, buy $150B in U.S. energy, and invest $600B in America. Even EU Commission President von der Leyen called it “heavy lifting.” Here’s what just happened. (thread)

• @JackPosobiec

• Did You Know: The FBI ran a covert op in the 90s called PATRIOT CONSPIRACY - PATCON PATCON formed fake white militias to entrap unwitting civilians in violent crimes, and a whistleblower claimed one was Oklahoma City Who ran the OKC investigation for Reno? Merrick Garland.

• @ProudElephantUS 
  

• HOWARD LUTNICK: “The tariff revenues are amazing — $700 BILLION a year. That's just net new money the government never had before. You take that for ten years, that's $7 TRILLION.” This is HUGE! (video)

• @menlobear

• "grok which US publicly traded companies should benefit most from the new US trade deal with the EU?" . Here are some of the sectors and specific companies mentioned in the search results:Based on the new trade deal between the US and the EU, several US publicly traded companies across different sectors could benefit, particularly from the reduction of previously threatened higher tariffs and increased EU investment/purchases.

Night Trading

• Asian indices are -.25% to +.5% on average.
• Asia Ex-Japan Investment Grade CDS Index 68.25 -.5 basis point.
  
• China Sovereign CDS 40.25 -.75 basis point.
• China Iron Ore Spot 103.0 USD/Metric Tonne -.33%.
• Polymarket: Which Countries Will the US Agree to Tariff Agreements with Before August?

• China 57.0% +48.0 percentage points
• India 22.0% -3.0 percentage points.
• South Korea  64.0% +17.0 percentage points.
• Mexico 28.0% -1.0 percentage point. 

• Swiss Franc/Offshore Chinese Renminbi Cross 9.0 +.06% 
  
• Bloomberg Emerging Markets Currency Index 36.7 +.01%.
• Bloomberg Global Risk-On/Risk Off Index 80.9 -1.6%.
• US 10-Year Yield 4.39% +1.0 basis point.
  
• Volatility Index(VIX) futures 17.4 -2.6%. 
• Euro Stoxx 50 futures +.89%.
• S&P 500 futures +.38%.
• NASDAQ 100 futures +.50%.

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 maintain gains into the afternoon. The Portfolio is 100% net long heading into the week.