Monday Watch

Today's Headlines

Bloomberg:       

• Australia Makes Gains in Pacific Islands as Covid Hinders China.  
• China Oil Majors May Face U.S. Delisting After Telcos Cut.  
• U.K. Bolsters Mass Vaccination With Oxford Shot as Covid Surges.
• Dollar Dips, Gold Climbs; Stocks Hold Near Record: Markets Wrap.  
• Oil Holds Above $48 Before OPEC+ Meeting on Production Levels.
• Bitcoin Breaches $34,000 as Rally Extends Into New Year.  
• Republicans Target Georgia Latinos in Senate Races’ Final Days.

Wall Street Journal:

• Double Stock-Market Bubble Brings Toil and (Perhaps) Trouble.
• How the American Mortgage Machine Works.
• Investors Bet the ‘Everything Rally’ Will Continue.
• Startups Using SPACs Have Fewer Limits on Promoting Stock.
• Welcome to the Era of Nonstop Stimulus.
• Covid-19 Shipping Logjam Hits China’s Exporters.
• ‘It’s a Desperate Time’: Crush of Covid-19 Patients Strains U.S. Hospitals.
• MGM Seeks to Buy Ladbrokes Owner Entain.
• Economy Week Ahead: Fed Minutes, Trade Deficit and Employment.

Fox News:

• House Speaker vote underway as Pelosi faces razor-thin margin.
• Republican senators call for rare electoral move not seen since 1876.
• TIMOTHY HEAD: In Georgia runoffs, choice for Christian voters is clear.

CNBC: 

• Trump to attend D.C. protests against Congress certifying Biden victory.
• U.S. air travel hits pandemic high over New Year’s holiday amid surging Covid outbreak.
  

Zero Hedge: 

• Trump Rages "When In Doubt, Call It COVID" As Pressure To Clean Up Death Toll Mounts.
• Morgan Stanley On Reversion, Evolution, And 2021’s New Normal.
• Breadlines Stretch Across America: This Economic Collapse Is Much Worse Than You Are Being Told.
• When You Believe All The Propaganda...
• Top US Official Says 'Growing Body Of Evidence' Shows COVID-19 Leaked From Chinese Lab.
• Homebuyers Face Affordability Crisis, Worst In 12 Years .
• Lockdown Proponent Bill Gates Quietly Funding Plan To Dim The Sun's Rays.
• Remember When The Democrats Challenged The Electoral Vote Count In 3 Elections Over 20 Years?
• The EU Is At Risk Of Becoming Subservient To China.
• The Great Reset, Part I: Reduced Expectations And Bio-Techno-Feudalism.
• "We Don't Need A World Where China Becomes Another US": Beijing Offers Vision For Restored Sino-US Relations Under Biden.
• Dramatic Video Shows Unmasked Canadian Cops Bust Illegal Gathering Of Family During New Years.
• "Symbols... Of Subtle Oppression": Virginia Judge Orders Removal Of Portraits Of White Judges.
• Full Year-Ahead Calendar: All The Key Events In 2021.

NewsMax:     

• Top NSA Official Tells British: China Leaked COVID. 
  
• Sen. Johnson: Electoral College Challenge Aimed to 'Protect Democratic Process.
• Trafalgar Poll: Georgia's Kemp Would Lose To Doug Collins
• VP Pence 'Welcomes' GOP's Lawful 'Objections'.
• Ga. Insiders: Senate Races Too Close to Call.
• Rep.-elect Taylor Greene: Electoral College Challenge 'About Truth'.
• Sen. Perdue: Jon Ossoff 'Has Not Come Clean on China'.

TheGatewayPundit.com:

• HUGE – TRUMP DROPS A BOMB DURING PHONE CALL! Tells Raffensperger “Vote Scammer and Hustler” Ruby Freeman Was Behind 18,000 FRAUDULENT VOTES in Suitcase Scandal! (VIDEO). 
• Facebook Removes 1.7 MILLION Member Group “Joe Biden Is Not My President” Without Warning — But Anti-Trump “Not My President” Page Still Up After 4 Years.
• IN ONE CLICK — You Can Contact VP Pence, Senators, Representatives and All Swing State Legislatures and Request a Forensic Audit of Swing State Results – TRY IT NOW!
• Senator Josh Hawley Challenges Pennsylvania Senator Pat Toomey to a Debate About Election Fraud on the Senate Floor.
• IGNORED BY MEDIA: Data Scientists Testify 17,650 Votes Were Switched from Trump to Biden in Georgia (AMAZING VIDEO).
• Report: Biden’s Inaugural Parade Viewing Stands Taken Down – Parade in Doubt – They’re Afraid it Will Turn into a Massive MAGA Rally.
• FRAUD ALERT: Analysis of 3,000 Counties Reveals Joe Biden Received 5.6% More Votes in Counties Using Dominion Voting Machines.

The Epoch Times:

• China Announces New UK Covid-19 Variant Cases, While Superspreaders Appear in Multiple Cities.

American Spectator:

• Can Georgians Be Foolish Enough to Vote for a Hate-Filled Lying Phony Like Warnock?

Washington Times: 

• Ossoff's China ties compound Democratic Party's Hunter Biden, Swalwell woes. The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a Chinese state-run telecommunications provider.

Geller Report: 

• LOOK Who Owns Dominion Voting Systems: Politically Motivated PRIVATE Equity NY Hedge Fund.

The Atlantic:

• The End of the Filibuster—No, Really. Many activists will not tolerate a Democratic-controlled Senate that allows Republicans to block legislation next year.

Politico:

• AOC Lays Out Progressive Wish List for Biden.

Glenn Beck:

• Elizabeth Warren’s ‘progressive wish list’ will destroy America. (video)

Daily Caller:

• Trump Urges Supporters Not To Boycott Georgia Senate Elections. President Donald Trump urged his supporters not to boycott the upcoming runoff Senate elections in Georgia on Friday, saying a boycott would be “playing right into the hands” of Democrats.

ProtectTheVote.com: 

• Serious allegations of misconduct in the 2020 elections have resulted in unprecedented legal action to ensure our elections are -- and remain -- free and fair. Find out where we’re exposing fraud and how you can help.

HereIsTheEvidence.com:

• This is for aggregating publicly available items of voter fraud evidence in the US election that would be admissible in court.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading

• Asian indices are -.75% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 56.0 -.75 basis point.
• China Sovereign CDS 28.0 +.5 basis point.
• Bloomberg Emerging Markets Currency Index 62.96 +.06%.
• Bloomberg Global Risk-On/Risk Off Index 1,467.0 -12.0 points.
• Volatility Index(VIX) futures 25.75 +.68%. 
• Euro Stoxx 50 futures -.28%.
• S&P 500 futures -.11%.
• NASDAQ 100 futures -.31%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• None of note
  

Economic Releases

10:00 am EST

• Construction Spending MoM for Nov. is estimated to rise +1.0% versus a +1.3% gain in Oct.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Manufacturing PMI report, Eurozone PMI report and the new Congress leadership elections could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.