Today's Headlines

Around X:

• @Zerohedge 

• Trump Says He's Not Replacing FDA Chief Makary.
• More "Love Taps"? US Reportedly Struck 4 Iranian Tankers As Qatari LNG Tanker Traverses Strait.
• Iran Publicly Discloses Supreme Leader's Status For First Time: 'Marginally Injured'.
• 5 Highlights From The Pentagon's UFO Files.
• Putin Rips NATO Aggression At Scaled-Down Victory Day Parade As Ceasefire Holds.
• Virginia Democrats misspelled "Virginia" and "Senator" in their motion to delay the VA Supreme Court's ruling on gerrymandering today. This whole experience has been a learing process for the Democrats.
• "Doesn't Look Good": Explosion Rocks Major New Orleans-Area Refinery As Fuel Markets Tighten.
• Europe Sees 'Hyper-Concentration' Of Crypto 'Wrench Attacks' As Losses Hit $101 Million.
• The Day Civilization Runs Out Of Bread Will Not Feel Like Fiction.   
• False. Just 15% of CA primary energy consumption comes from ‘renewables.’ More than 75% of CA energy consumption is from oil and gas — that’s higher than the national rate. It is true that CA has embraced anti-hydrocarbon policies. The result? CA has the highest electricity rates in the continental U.S., the highest gas prices, and the highest adjusted poverty rate in America. I wouldn’t be bragging if that was my state.     
• The Rise Of AI Writing And The Decline Of Human Voice.
• Global Jet Fuel Exports Hit 10-Year Seasonal Low in April.
• "We are pushing back the final two Fed rate cuts in our forecast by one quarter to December 2026 and March 2027" - Goldman.
• Clinton-Appointed Federal Judge Rules DOGE's Terminations Of Humanities Grants Unlawful.
• We're "Ending The Days Of Hiding Fraud": Bessent Goes After Dark Money In Nonprofits.
• Traders Puzzled As Physical Oil Prices Tumble Amid Surging Chinese Crude Sales, Plunging Imports.     
• Peace-Hope & AI-Hype Sink Crude & The Dollar, Lift Gold & Stocks On The Week. 

• @BarronsOnline

• Had bullish commentary on (GE) and (MELI).

• @IGSquawk 

• Weekend markets update: #DAX 24371 -0.14% #DOW 49635 -0.01% #NASDAQ 29285 +0.20% #FTSE 10260 -0.03% #HANGSENG 26431 +0.34% #EURUSD 11784 -0.01% #GOLD 4716 +0.04% #SILVER 8055 +0.30% #USOIL 9294 +0.58%.

• @redpillb0t

• Former CIA officer and founder of the Marine Corps Intelligence Command, Robert David Steele, testified before the International Tribunal for Natural Justice on the systemic exploitation of children by powerful satanic elites. He exposed that children are not only kidnapped but in some cases bred by families in the United States as a cash crop, sold without birth certificates, making it easier to kill them with no trace. He stated children are imported by the plane load, also without documentation. Steele described this as extending beyond slavery and sex abuse to child torture for adrenalized blood in satanic blood-drinking ceremonies, harvesting of body organs (citing Falun Gong as targets due to their health), and ritual murder! (video)

• @MJTruthUltra

• I think they’re planning another Plandemic before the elections. Since Covid, there have been a few scenarios where a new scary virus came out and we were all like, “Here we go again”… but eventually ended up dead in the water. Now the Hanavirus thing happened and I originally thought the same thing.. but now I’m seeing the very same playbook playing out, exactly as it did with Covid.. Let’s look at a Quick Timeline of Events based on media reports: (list)

• @SternDrewCrypto

• HANTAVIRUS TELEPORTS WORLDWIDE IN 24 HOURS! One minute there is an alleged outbreak on some random cruise ship floating in the middle of the ocean. No ports. No airports. Just a floating petri dish. 24 HOURS LATER confirmed cases are popping up in Holland, Singapore, and probably everywhere else by breakfast. How? Magic. That is how. Hantavirus does not hitch rides on planes like normal viruses. It does not wait for docking. It does not need vectors. It just appears. Teleports. Manifests. Like it got the group chat memo: Global rollout, go time. This is not epidemiology. This is sorcery. Or a perfectly timed release. (video)

• @bennyjohnson

• One day before Donald Trump was sworn into office in 2017 an obscure bureaucrat doctor made a promise that there “will be a surprise viral outbreak” in the “next administration.” He worked in every admin since Nixon, yet never made a claim like this. Guess what happened next? (video)
• 12 people showed up at a John Cornyn event in the most Republican part of Texas. He’s cooked. Vote Paxton. (pic)

• @MattWallace888

• They don’t want you to see this. The captain tells everyone the first person passed from “natural causes” and that the doctor confirmed it. “NOT INFECTIOUS”. Everyone standing around in a group. The record was later corrected… but this footage is still out there. (video)

• @GrageDustin

• Democrats voted UNANIMOUSLY to not require the removal of dead people from Minnesota’s voter rolls last night. This is insane. Why would anyone oppose this? (video)

• @Panchenko_X

• Corruption in Ukraine. Daughter of the mayor of a ukrainian village bought a villa in Miami for $1,870,000. IN CASH. When journalists asked the mayor, he replied: “I’m glad my kids achieve everything through their own hard work.” Pattern - kids of ukrainian officials always more successful in the US than americans. During the war, the daughter of Ternopil mayor Serhiy Nadal - Anastasia - bought a villa in Miami at Hidden Palms, 7300 SW 77th Ave, for $1,870,000. Her father, a Ukrainian official, has been accused of corruption, shady land-sale schemes, garbage-export rackets, racketeering 50% of businesses, and multiple criminal cases. This is Zelensky’s mafia. They steal money from ordinary Ukrainians and buy luxury real estate all over the world.

• @JonMFleetwood

• BioNTech to Halt COVID-19 Vaccine Manufacturing, Cut 1,860 Jobs—After $605 Million Quarterly Loss. Follows major German court rulings forcing disclosure of internal COVID vaccine safety and manufacturing records.

• @ElectionTime_

• BREAKING: "RINO" Senator Bill Cassidy* of Louisiana will be primaried in next week's GOP primary. Louisiana - 2026 US Senate - Republican Primary. Julia Letlow 33% (+12). Bill Cassidy* 21%. John Fleming 21%. Mark Spencer 2%. Louisiana - 2026 US Senate - Republican Primary - Runoff. Julia Letlow 47% (+17). Bill Cassidy* 30%. Cassidy voted to impeach Donald Trump in 2021, and even if he makes it to a runoff (since 50%+ is required to win), he will get crushed by Congresswoman Julia Letlow.

• @SenseReceptor

• Insane! THOMAS MASSIE says CDC treats citizens "like livestock" and CBDCs "are like ear tags for animals". "They really will treat you like livestock". "the law that the CDC used to mandate masks on airplanes was a law that was meant for livestock". "it was [also] a law that allowed the CDC to euthanize animals during a pandemic, or to spray them for lice. But it did not apply to human beings". "these central bank digital currencies, those are like ear tags for animals on the farm". "they're [also] trying to do electronic IDs for animals on the farm... [and] you might think, well maybe it would be good to have a serial number for every animal so... if there was something unhealthy that got in the food supply we could track it back to the farm". "that is not what they're going to use these electronic animal IDs for. They're going to use [them] to mandate mRNA vaccines in every animal that goes into the food supply". "if you don't have your mRNA certification for the animal that matches with its electronic ID, they're not going to let you sell it to anybody". (video)

• @RedactedNews

• Weather WAR: They weaponized weather in Vietnam. They droughted out Iran for 40 years. They flash-droughted Maui one week before the fires. A military tanker dumps 100 tons of aluminum in one pass. This isn't chemtrails. It's a weapons program. (video)

• @TaraBull

• Posted in 2021 on Bill Gate's vaccine website Gavi: "The Next Pandemic: Hantavirus". (pic)

OpenVAERS:  

• VAERS US COVID Vaccine Adverse Event Reports. 1,033,165 Reports(+317 from prior report) Through March 27th, 2026.

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.

Weekly Scoreboard*

S&P 500 7,401.1 +2.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 49,564.5 +.2%

• NASDAQ 26,190.7 +4.3%

• Russell 2000 2,864.6 +1.8%

• NYSE FANG+ 17,245.7 +5.0%

• Goldman 50 Most Shorted 296.9 +2.9%
• Vaneck Social Sentiment 37.1 +8.2%

• Wilshire 5000 73,064.1 +2.2%

• Russell 1000 Growth 4,976.2 +2.9%

• Russell 1000 Value 2,300.1 +1.3%

• S&P 500 Consumer Staples 952.5 +.1%

• Bloomberg Cyclicals/Defensives Index(Ex Telecom) 258.13 +1.0%
  

• NYSE Technology 8,939.0 +7.2%

• Transports 20,203.8 -1.8%

• Utilities 1,117.5 -3.4%

• MSCI Europe Banks 117.9 +1.3%
  

• MSCI Emerging Markets 68.1 +6.6%

• Credit Suisse AllHedge Long/Short Equity Index 254.6 -.3%

• Credit Suisse AllHedge Equity Market Neutral Index 132.9 +.3%

Sentiment/Internals

• NYSE Cumulative A/D Line 613,891 +.24%
• Nasdaq/NYSE Volume Ratio 14.4 +8.7%

• Bloomberg New Highs-Lows Index 1,121 -3

• Crude Oil Commercial Bullish % Net Position -19.8 +4.0%

• CFTC Oil Net Speculative Position 191,911 -.2%

• CFTC Oil Total Open Interest 2,017,038 +1.6%

• Total Put/Call .75 +1.3%

• OEX Put/Call .13 -30.0%

• ISE Sentiment 146.0 -12.7%

• NYSE Arms 1.55 +9.2%
  
• Bloomberg Global Risk-On/Risk-Off Index 117.6 +.7%
• Bloomberg US Financial Conditions Index 1.06 +16.0 basis points
• Bloomberg European Financial Conditions Index 1.16 +11.0 basis points

• Volatility(VIX) 17.5 +3.2%
• S&P 500 Intraday % Swing .50 -15.6%

• CBOE S&P 500 3M Implied Correlation Index 13.4 -11.9%

• G7 Currency Volatility (VXY) 6.75 -4.4%
  

• Emerging Markets Currency Volatility (EM-VXY) 7.0 -1.3%

• Smart Money Flow Index 19,928.7 -1.0%
• NAAIM Exposure Index  96.7 +2.5

• ICI Money Mkt Mutual Fund Assets $7.749 Trillion +1.6%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows -$7.803 Million

• AAII % Bulls 38.3 +.5%

• AAII % Bears 33.0 -16.9%
• CNN Fear & Greed Index 67.0 (GREED) unch.

Futures Spot Prices

• CRB Index 387.72 -1.9%

• Crude Oil 95.10/bbl. -6.9%

• Reformulated Gasoline 351.4 -3.1%

• Natural Gas 2.75 -1.3%
• US Power PJM Western Hub Peak Forward Y1 76.2 USD/Megawatt -.9% 
• Dutch TTF Nat Gas(European benchmark) 43.9 euros/megawatt-hour -3.6%
  

• Heating Oil 388.4 -2.5% 
• Newcastle Coal 135.2 (1,000/metric ton) -1.9%

• Gold 4,725.4 +2.4%
• Silver 80.6 +7.1%
  

• Bloomberg Industrial Metals Index 181.1 +1.9%

• Copper 630.1 +5.5%

• US No. 1 Heavy Melt Scrap Steel 413.0 USD/Metric Tonne +2.0%

• China Iron Ore Spot 110.4 USD/Metric Tonne +1.9%
• China Battery Grade Lithium Carbonate 25,450.0 USD/metric tonne unch.
• inSpectrum Tech Inc. DRAM Spot DDR4 16Gb 2048Mx8 58.0 -2.4%  

• CME Lumber 580.5 -.9%

• UBS-Bloomberg Agriculture 1,418.2 +1.1%
• US Gulf NOLA Potash Spot 337.5 USD/Short Ton unch.
• US Gulf NOLA Urea Granular Spot 602.5 USD/Short Ton -6.1% 

Economy

• Atlanta Fed GDPNow Q2 Forecast +3.7% +.2 percentage point

• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 17.3 -.2 percentage point

• NY Fed Real-Time Weekly Economic Index 2.7 -8.8%
• Caldara Iacoviello Geopolitical Risk Index 178.7 +5.9% 
• Global Monitor Iran Instability Index 100.0 unch.
• Strait of Hormuz Oil Tanker Traffic Curtailed 99.0% +4.0 percentage points

• US Economic Policy Uncertainty Index 273.2 -74.4%
• Bloomberg Global Trade Policy Uncertainty Index 1.0 +.4
• DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(443 of 500 reporting) +25.3% -3.1 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 352.67 +5.20:  Growth Rate +27.3% +1.9 percentage points, P/E 20.8 unch.
• S&P 500 Current Year Estimated Profit Margin 15.38% +15.0 basis points
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(8 of 10 reporting) +62.1% +.2 percentage point
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 851.66 +14.71: Growth Rate +115.1% +3.7 percentage points, P/E 19.8 +.4

• Citi US Economic Surprise Index 36.7 +16.6 points

• Citi Eurozone Economic Surprise Index -58.8 +12.0 points

• Citi Emerging Markets Economic Surprise Index 49.6 +.7 point

• Fed Fund Futures imply 6.1%(-.6 percentage point) chance of -25.0 basis point cut to 3.25-3.5%, 93.9%(+.6 percentage point) chance of no change, 0.0%(unch.) chance of +25.0 basis point hike to 3.75-4.0% on 6/17

• US Dollar Index 97.88 -.3%

• MSCI Emerging Markets Currency Index 1,885.3 +1.0%
  

• Bitcoin/USD 80,212.7 +1.6%

• Euro/Yen Carry Return Index 210.4 +.3%
• Swiss Franc/Offshore Chinese Renminbi Cross 8.75 unch.

• Yield Curve(2s/10s) 46.75 -2.5 basis points

• 10-Year US Treasury Yield 4.36% -2.0 basis points
• Japan 30-Year Yield 3.74% -1.0 basis point

• Federal Reserve's Balance Sheet $6.662 Trillion +.2%
• Federal Reserve's Discount Window Usage $6.439 Billion +6.4%

• U.S. Sovereign Debt Credit Default Swap 39.2 +2.5%
  

• Illinois Municipal Debt Credit Default Swap 188.5 -2.5%
  

• Italian/German 10Y Yld Spread 72.0 -10.0 basis points
• UK Sovereign Debt Credit Default Swap 18.8 -4.8%

• China Sovereign Debt Credit Default Swap 41.8 -5.1%
  

• Brazil Sovereign Debt Credit Default Swap 117.7 -6.5%
  

• Israel Sovereign Debt Credit Default Swap 63.5 -6.5%
• Dubai Sovereign Debt Credit Default Swap 77.6 -6.6%

• South Korea Sovereign Debt Credit Default Swap 25.3 -11.0%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.23 +.5%
• China High-Yield Real Estate Total Return Index 113.61 +.6%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +3.7% unch.
• Zillow US All Homes Rent Index YoY +1.7% unch.
• US Urban Consumers Food CPI YoY +2.7% unch.
• CPI Core Services Ex-Shelter YoY +3.1% unch.
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.28% unch.: CPI YoY +3.56% unch.
• 1-Year TIPS Spread 2.97 -27.0 basis points
• 10-Year TIPS Spread 2.46 -3.0 basis points

• Treasury Repo 3M T-Bill Spread 9.5 +8.25 basis points
• 2-Year SOFR Swap Spread -16.25 +.25 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap .75 +.75 basis point

• N. America Investment Grade Credit Default Swap Index 53.0 -2.0% 
• BofA Private Credit Proxy Index 75.9 -3.0%

• America Energy Sector High-Yield Credit Default Swap Index 154.0 +47.9%
• High-Yield Tech Sector OAS Index 469.0 -4.2% 
• Bloomberg TRACE # Distressed Bonds Traded 227.0 +9.0

• European Financial Sector Credit Default Swap Index 59.3 -3.1%

• Emerging Markets Credit Default Swap Index 155.2 -2.3%
  

• MBS 5/10 Treasury Spread 112.0 -2.0 basis points
• Bloomberg CMBS Investment Grade Bbb Average OAS 579.0 -1.0 basis point
• Avg. Auto ABS OAS .51 unch.

• M2 Money Supply YoY % Change +4.6% unch.

• Commercial Paper Outstanding $1,430.3B +.5%

• 4-Week Moving Average of Jobless Claims 203,250 -2.2%

• Continuing Claims Unemployment Rate 1.2% unch.
• Kastle Back-to-Work Barometer(entries in secured buildings) 55.0 -.2%

• Average 30-Year Fixed Home Mortgage Rate 6.42% +7.0 basis points

• Weekly Mortgage Applications 285,300 -4.4%

• Weekly Retail Sales +7.3% +20.0 basis points
• OpenTable US Seated Diners % Change YoY +9.0% -5.0 percentage points
• Box Office Weekly Gross $200.7M +61.3%

• Nationwide Gas $4.55/gallon +.16/gallon

• Baltic Dry Index 3,034.0 +13.0%
• Drewry World Container Freight Index $2,285.6/40 ft Box +3.1%
  

• China (Export) Containerized Freight Index 1,2.8 +.7%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 250.0 +4.2%
• Truckstop.com Market Demand Index 125.0 -3.3%

• Rail Freight Carloads 283,724 +.7%
• TSA Total Traveler Throughput 2,701,890 +32.3% 
• US Morning Consult Daily Consume Sentiment Index 89.7 -.1 point
• Rasmussen Reports Daily Presidential Approval Tacking Poll 42.0% -1.0 percentage point

Best Performing Style

• Large-Cap Growth +2.8%

Worst Performing Style

• Mid-Cap Growth +.8%

Leading Sectors

• Computer Hardware +15.3%

• Semis +10.6%
• Airlines +10.5%

• Cyber Security +9.1%
  

• Gold & Silver +8.5%
  

Lagging Sectors

• Medical Equipment -2.7%

• Restaurants -3.0%
  

• Utilities -3.4%

• Oil Service -3.9%
  

• Energy -4.9%
  

Weekly High-Volume Stock Gainers (108)

• INOD, FLNC, RKLB, VCX, MRAM, FROG, PTCT, AMN, DXYZ, MXL, AKAM, FLY, MBUU, LUNR, WSC, CALY, PGNY, RDW, ASYS, AD, GRPN, BKSY, SYNA, MNST, TXRH, NSIT, INTC, RVI, MRNA, NVAX, MBX, MU, VOYG, POET, CSIQ, DBX, QURE, AMBQ, PENG, SNDK, NAMS, DELL, WLDN, LASR, URGN, RKT, CVSA, ASTS, CPAY, KOP, GEN, AVPT, AMD, FCEL, TECX, XYZ, QUIK, QCOM, TILE, BILL, MAGN, VPG, OFRM, XIFR, CLPT, WRBY, PDFS, PRKS, GTX, AAON, FDUS, AXTI, LOGI, MKSI, WOLF, SANM, CLPT, AIP, GRND, JKS, FTNT, PUBM, FLEX, SNDA, STM, CEVA, MIRM, ROAD, MNR, GOLD, TPB, GFS, PRMB, CYTK, WMG, CYRX, RELY, RRX, ALB, SCSC, DRD, CON, SMCI, MIDD and SITM

Weekly High-Volume Stock Losers (58)

• MCK, GMAB, AFRM, COKE, KVYO, GLIBK, VCEL, VST, INSM, GCT, TTD, MAIN, TMDX, CELH, MDLN, WHR, QNST, BBUC, ZTS, ZLAB, GMED, AAOI, TXG, ICFI, G, SYM, PAHC, ESE, OMDA, AGO, LPTH, CAPR, NTRA, EMBJ, ONT, OSK, MSI, XNDU, CRNX, CRWV, VREX, MELI, FLR, PRAA, TNDM, TOST, ASIX, CAI, HRTG, REAL, HUBS, KODK, AMPH, NET, AORT, FIGS and TSSI

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change

Stocks Rising into Afternoon on Mideast War Resolution Hopes, Earnings Outlook Optimism, Lower Long-Term Rates, Tech/Commodity Sector Strength

Overseas Futures:

• Nikkei 225 Futures: Indicating +850 open in Japan 
• China A50 Futures: Indicating -33 open in China

• DAX Futures: Indicating +100 open in Germany

Portfolio:

• Higher: On gains in my tech/industrial/consumer discretionary/energy sector longs
• Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
• Market Exposure: Moved to 100% Net Long

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (B)/.81
• (CRCL)/.19
• (DOLE)/.34
• (FOXA)/.98
• (MOS)/.24 

After the Close: 

• (ACM)/1.55
• (ASTS)/-.24
• (HIMS)/.03 

Economic Releases 

10:00 am EST

• Existing Home Sales for April is estimated to rise to 4.05M versus 3.98M in March.  

Upcoming Splits

• None of note

Other Potential Market Movers

• The 3Y T-Note auction, BofA Merrill Lynch Metals/Mining/Steel Conference, Needham TMT Conference, (DIOD) annual meeting, (MKSI) annual meeting, (FORM) investor day and the BofA Healthcare Conference could also impact global trading on Monday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Friday Watch

Around X:

• @Business  

• When Donald Trump’s plane touches down in Beijing, he’ll become the first sitting US president to visit China in nearly a decade. 
• Donald Trump said there’s no need for curbs on US oil or jet fuel exports to address global shortages sparked by the war with Iran.
• MP expects demand for some of the most expensive rare earth materials to drop sharply as magnet makers adopt alternative metals.
• Universities across the US reported widespread outages on Thursday after a cybersecurity incident affected the Canvas online learning platform used by colleges nationwide.
• Get up to speed on what's moving global markets. 
• Here’s what you need to know to start your day. 

• @ZeroHedge

• President Trump tells me in a phone call the retaliatory strikes against Iranian targets are just a "love tap." "It's just a love tap." When I asked if it means the ceasefire is over. "No, no, the ceasefire is going. It's in effect." 
• What To Know About Trump's Presidential Fitness Test Award Revival.
• "120 Quadrillion Tokens Monthly By 2030": Goldman's Deep Dive Into The Coming Agentic Economy.
• US Conducts New Iran Strikes Along Hormuz Corridor - Trump Says Warships Came Under Fire By 'Lunatics'.
• $16M Hospice Fraud Exposed In Newsom's California As Trump Admin Ramps Up Crackdown.
• @realDonaldTrump.
• "Existential": Israel Quadruples Foreign-Influence Budget To Massive $730M.
• Vote Harder? Why Secession Is The Only Answer To The American Megastate.
• *US SAYS IT TARGETED IRANIAN FACILITIES RESPONSIBLE FOR ATTACKS. *US MILITARY SAYS IT DOES NOT SEEK ESCALATION AFTER IRAN STRIKES.
• US Conducts New Iran Strikes Along Hormuz Corridor, State Media Cites Return Fire On 3 US Destroyers.  
• Dana White Says Society Is Failing Young Men, And The Backlash Proves His Point.    
• UN Climate Panel Quietly Admits Its Doomsday Climate Scenarios Were 'Implausible'.
• Iran's Yellow-Cake Red-Line Ruins Black Gold-Driven Green Day Hopes For Stocks.     

• @CNBC

• Asia-Pacific markets set to open lower on fresh Iran-U.S. tensions following clashes.
• Friday's big stock stories: What’s likely to move the market in the next trading session.
• Nvidia CEO says AI partnership with Corning will 'revitalize American manufacturing'.
• Stock futures slip as traders eye rising U.S.-Iran tensions; April jobs report looms: Live updates.
• Stocks making the biggest moves after hours: Akamai Technologies, Expedia, Lyft, Texas Roadhouse and more.
• IREN shares pop 13% on AI infrastructure deal with Nvidia.          

• @TheTranscript 

• $RKLB: +5% AH.
• Block CFO: "We delivered another strong quarter, as year-over-year gross profit growth accelerated to 27% and Adjusted Operating Income margin reached an all time high of 25%". $XYZ: +10% AH.
• Cloudflare CEO @eastdakota: "We had a very strong start to 2026" $NET: -14% AH. 
• Expedia CEO: "Our first quarter results marked a strong start to the year, as we delivered double-digit bookings and revenue growth and drove meaningful margin expansion despite a dynamic macroeconomic environment". $EXPE: -7%AH. 
• Akamai Technologies CEO: "...today, we are very pleased to announce that a leading frontier model provider has committed to $1.8 billion over seven years for CIS, further validating our position as a key infrastructure provider in the AI economy. $AKAM: 23% AH. 

• @MarioNawful  

• The story behind why 30 House Democrats just demanded the U.S. acknowledge Israel's nukes is darker than people realize... Jonathan Pollard, the most infamous Israeli spy in U.S. history, helped build Israel's nuclear program by stealing American secrets. When Netanyahu visited Clinton in the 90s and demanded Pollard's release, he reportedly mentioned Israel had Lewinsky tapes. As a friendly FYI. CIA Director George Tenet threatened to resign if Pollard was freed. Trump finally let him go. Pollard recently bragged on camera that Israel once threatened to nuke the U.S. to force a weapons airlift. That's the relationship Castro's letter is trying to drag into daylight.

• @Cernovich

• Tom Homan: President Trump Is Being Lobbied by Cabinet Members to Approve Migrant Amnesty.

• @MJTruthUltra

• Very sus… of course they did. Just two weeks before the hantavirus news broke, the World Health Organization ran Exercise Polaris II on April 22–23, 2026. The similarities.. shocking: Past Polaris drills (including Polaris I) included CRUISE-SHIP or travel-related scenarios — very similar to this expedition ship cluster. The simulation used a “fictional” deadly bacterium with a high mortality rate; the real Andes hantavirus has a naturally high death rate (20–40%+). The simulation focused on early detection, contact tracing across borders, and managing passengers/crew — exactly what we’re seeing with people who left the ship at St. Helena.

• @RenzTom 

• SSRIs are among the most dangerous and useless drugs ever created. I was talked into using them in my early 20s with absolutely no real discussion of the dangers. I was on them for over 20 years before realizing how bad they are and quitting. I have not taken them for several years and still have side effects that are likely permanent (thankfully different from this lady's but still unpleasant). The FDA is complicit in ensuring pharma and doctors do not provide true informed consent. (video)

• @ValerieAnne1970

• BIG FOOD IS QUIETLY BUYING UP YOUR “HEALTHY” FAVORITES — AND CHANGING THEM BEHIND YOUR BACK. You thought you were choosing better with those “clean,” grain-free, organic, gut-healthy brands? Think again. The same giants pushing ultra-processed junk are snapping them up... then slowly swapping real ingredients for cheaper crap while keeping the “healthy” packaging. Here’s the latest hit list (2026):

• @TPV_John

• “Hantavirus” is listed as a reported possible ADVERSE EVENT after getting the Pfizer COVID jab. No, I’m not joking. (pic)

• @matttttt187

• Did the WHO just say the quiet part out loud??? The World Health Organization is now openly saying the Hantavirus outbreak proves why the world needs centralized global health control. “𝐖𝐞 𝐫𝐞𝐚𝐥𝐥𝐲 𝐧𝐞𝐞𝐝 𝐭𝐡𝐢𝐬 𝐢𝐧𝐜𝐢𝐝𝐞𝐧𝐭… 𝐭𝐡𝐢𝐬 𝐨𝐮𝐭𝐛𝐫𝐞𝐚𝐤… 𝐭𝐨 𝐬𝐡𝐨𝐰 𝐰𝐡𝐲 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐧𝐞𝐞𝐝𝐬 𝐚 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐧𝐭𝐢𝐭𝐲 𝐭𝐡𝐚𝐭 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐬 𝐭𝐡𝐢𝐬.” Read that again. Slowly. Not “we need to stop this outbreak.” 
Not “we need transparency.” They said they NEED the incident itself to justify expanding global authority. (video)

• @ChildrensHD

• Tucker Carlson: “So if you wind up killing a lot of people, which the COVID vax did, and then you refuse to find out where the virus came from in the first place, and then you pretend that nothing bad happened, it's kind of hard not to suspect that maybe you want to hurt me.” The DOJ has until May 11th to indict Fauci for committing perjury to Congress by saying he had nothing to do with funding research in the Wuhan Institute of Virology. If the DOJ lets this run out without indicting Fauci despite substantial evidence of his guilt, it will be hard to look at the agency with any sort of legitimacy again. (video)

• @bennyjohnson

• Candidate Running to UNSEAT Lindsey Graham EXPOSES His Record: ‘He is BETRAYING South Carolina and America’. Lindsey Graham does not vote with MAGA. His lifetime Conservative voting record is 43%. His lifetime Constitutional voting record is 57%. Candidate for U.S. Senate in South Carolina Mark Lynch: “Everybody’s tired of Lindsey’s warmongering and endless wars…” “He’s betraying South Carolina, he’s betraying America and he stabs Trump in the back every chance he gets.” “It’s time for him to be removed…” (video)

• @NicHulscher

• Bill Gates is now the #1 funder of the World Health Organization. Take everything they say about hantavirus with a grain of salt. Vaccine sales are collapsing and the WHO pandemic treaty negotiations are stalling. Hantavirus scare provides a boost in both departments. (table)
• VACCINE CARTEL AND US ARMY ARE DEVELOPING 13 HANTAVIRUS VACCINES & GENE THERAPIES. 6 DNA "vaccines" (US Army). 3 mRNA "vaccines" (Moderna, China, Canada). 2 viral vector "vaccines" (UK, Canada). 1 inactivated (licensed in Korea). 1 protein subunit. I will NOT be taking any of them. 

• @DowdEdward

• A person who’s obsessed with cruise ship TikTok’s weighs in on how strange this Hantavirus situation appears to her. (video)

• @BitcoinSapiens

• Glenn Beck: "Where do you stand on the WEF?" RFK Jr: "We shouldn't be paying any attention to it. It's a billionaires boys club that’s arranging for the world to shift wealth upward, and to clamp down totalitarian controls on everybody else". "It's astonishing to me that these people go to Davos in their private jets, and they're able to tell these world leaders how to govern us in ways that eradicate our constitutional and civil rights." "COVID we shifted $4 trillion of wealth upward. We closed all of the little guys. They were all colluding with each other to censor guys like me complaining about it." (video)

• @OcrazioCornPop

• BREAKING: FULTON COUNTY FRAUD PROBE JUST GOT A MASSIVE GREEN LIGHT! Federal Judge just SLAMMED the door on Fulton County Democrats desperate motion to snatch back 600+ boxes of 2020 election records seized by the FBI in January. Ballots, tabulator tapes, ballot images, voter rolls (the original evidence from ground zero of the steal) stays with the Feds for full forensic review. After years of stonewalling, lawfare, and "nothing to see here," the deep state’s hiding spot just got raided. No more "lost" chain-of-custody. No more Ruby Freeman/Shaye Moss suitcase videos dismissed as conspiracy. What happens next?

• @StephenMoore

• The biggest wealth transfer in American history isn’t happening on Wall Street. It’s happening on U-Hauls. Over $2 trillion in income fled high-tax blue states for low-tax red states in just 11 years. And blue states’ solution? Raise taxes again. (pic)

• @FFT1776

• URGENT: Sen Bill Cassidy stabbed Pres Trump in the back, he voted to CONVICT him of INSURRECTION! RINO Cassidy sold-out Louisiana with a 55% Liberty Score. THIS SATURDAY, May 16th, Louisiana patriots have ONE SHOT to DUMP THIS TRAITOR! Early voting is happening NOW. Get to the polls and primary him. Say GOOD-BYE & Good Riddance!

Night Trading 

• Asian equity indices are -1.5% to -.5% on average. 
• Asia Ex-Japan Investment Grade CDS Index 72.0 -.5 basis point. 
• China Sovereign CDS 41.75 unch.
• China Iron Ore Spot 110.3 USD/Metric Tonne -.4%. 
• Crude Oil 96.40/bbl. +1.7% 
• Gold 4,719.6 USD/t oz. +.2%. 
• Swiss Franc/Offshore Chinese Renminbi Cross 8.72 -.09%.
• Bloomberg Emerging Markets Currency Index 35.54 -.04%.
• Bloomberg Global Risk-On/Risk Off Index 117.4 -.9%
• US 10-Year Yield 4.39% unch.
• Japan 30-Year Yield 3.75% unch. 
• Volatility Index(VIX) futures 20.7 +.5%.
• Euro Stoxx 50 futures -.87%. 
• S&P 500 futures +.08%.
• NASDAQ 100 futures +.13%.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by consumer discretionary and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.