Evening Headlines
Bloomberg:
- China and the Fed Keep Investors Swinging Between Oil and Gold.
- Five Takeaways From Japan’s Big Global Market Influencers.
- Nomura Shares Fall Most Since November 2021 After Profit Slumps.
- Asia Stocks Decline as US Futures Rally on Tech: Markets Wrap.
- Oil Erases All Gains Since Surprise OPEC+ Cut on Demand Woes.
- McCarthy Debt Plan Passes House, Escalating Standoff With Biden.
- Goldman Says Big US Tax Haul Means Debt-Limit Deadline in July.
- First Republic Faces Potential Curb on Borrowing From Fed.
- Boeing Says ‘Gnarly’ Defect Is Disrupting Work on Its 737 Jets.
- JPMorgan Creates AI Model to Analyze 25 Years of Fed Speeches.
- Why Flying Is So Expensive and Likely to Remain That Way.
- Penicillin in Shortage as Syphilis, Strep Cases Rise in US.
- Disney’s Emboldened Iger Escalates Fight With Florida’s DeSantis.
Zero Hedge:
- A Grand Alliance To Overcome The Elite Betrayal Of America.
- San Francisco Target Places Entire Aisles Behind Security Glass Amid Shoplifting Crisis
- House Passes Debt Limit Bill, Setting Stage For Showdown.
- "Attack On Canadian Economy:" Vancouver Grain Export Terminal Hit With Strike.
- Tucker Speaks In First Public Comments Since Split From Fox; Fans Plan To Boycott.
- Where Did All The Biden Illegal Immigrants Go? Hard-Up Sanctuary Cities Are Only Part Of The Answer.
- Erdogan Cancels Public Rallies After Live TV 'Health Scare', Blasts "Baseless" Rumors.
- Western Alliance's CFO Blames 'Puts' For Crashing His Stock... Here's Why That's Doubtful.
- China Is Quickly Becoming One Of The Largest Automobile Exporters In The World.
- US stocks were mostly lower amid banking sector woes, while the Nasdaq was kept afloat by tech earnings - Newsquawk Asia-Pac Market Open.
- Musk Slams DNC's "Backroom Dealing" As Committee Remains Silent On Primary Debates.
- Fauci Admits Orwellian Mandates Fueled Anti-Vax Sentiment.
- Puts comeback, mega-cap crowding concerns...but buybacks are kicking in soon.
- Make Americans Work Again.
- Stocks mixed as First Republic knocks on death's door but Microsoft keeps the bid in tech.
- Meta Soars After Top- & Bottom-Line Beat; 'Metaverse' Losses Grow, MAUs Disappoint.
- Big-Tech & Bitcoin Jump, Bonds & Bank Stocks Dump As US Default Risk Soars.
Wall Street Journal:
- Fauci and the New York Times. Now he’s refusing to accept responsibility for promoting lockdowns.
- The U.S. Military Relies on One Louisiana Factory. It Blew Up.
- House Republicans Pass Debt-Ceiling Bill.
- Schools Ditch Homework for ‘Equitable Grading’.
- China’s Xi Makes First Call to Ukraine’s Zelensky Since Russian Invasion.
CNBC.com:
- Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts.
- Chinese retailers helped lift Meta’s first-quarter sales in a tough online advertising market.
- First Republic’s dramatic slide continues, stock falls nearly 30% as bank looks for rescue deal.
- Fed ‘accident’ could slice 20% off the S&P 500, stock strategist Rosenberg warns. Here are 3 ways to protect your money now.
- Mattel says retailers are still skittish about stocking up on toys, but sticks with its financial outlook.
- Roku stock pops after earnings beat, though ad market remains challenging.
- EBay stock jumps 4% as company swings to quarterly profit.
- Opinion: Insider selling could be signaling recession and a stock market selloff.
- Job postings for this white-collar profession have plummeted 55%, Indeed says.
TheGatewayPundit.com:
- BREAKING… HHS Whistleblower Tara Lee Rodas Tells Congress Biden Administration Is “Middleman” in Multi-Billion Dollar Migrant Child Trafficking Operation.
- BREAKING: New York Court Puts Triple Amputee and War Veteran Brian Kolfage in Prison for Four Years for Building US Border Wall.
- Speaker McCarthy Challenges Biden, Schumer After House Republicans Pass US Debt Ceiling Bill (VIDEO).
- 8 Dead Bodies Found Dumped in Mexican Resort of Cancun.
- Joe Biden: “I Can’t Even Say How Old I Am…I Can’t Even Say the Number. It Doesn’t Register with Me” (VIDEO).
- Vermont Elementary School Will Use”Person Who Produces Sperm” or “Person Who Produces Eggs” Instead of Male and Female in Health Sciences Lessons.
- Biden Energy Secretary Jennifer Granholm Supports Requiring U.S. Military to Adopt All-Electric Vehicle Fleet by 2030.
- People Are Taking to Twitter with Stories About Tucker Carlson’s Kindness: ‘Something I Will Never Forget’.
- REPORT: Deep-Staters at the Pentagon Are Celebrating the Departure of Tucker Carlson From FOX News.
- “They
[FOX] Can’t Afford to Have Hosts Who Are Pushing Americanism” – Kari
Lake Sends Message to Tucker Carlson, Discusses Joe Biden’s Re-Election
Bid With Eric Bolling.
Twitter:
- @greg_price11 - Tucker: "See you soon". (video)
- @charliekirk11 - BREAKING: Ex-producer suing Tucker Carlson has never even met him.
- @C_Barraud - Quants Are ‘Out of Ammo’ for Buying #Stocks, Goldman Warns - Bloomberg *Trigger signal flashed for #CTAs with S&P 500 dropping Tuesday *Stocks seen facing $276 billion selling in event of big rout. (graph)
- @nickgerli1 - Money Supply contracts again in March. This is a massive economic warning. Money Supply contraction hasn't happened in 90 years. Only other times it has happened we had Depression / Major Banking Crisis. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 953,415 Reports(+1,831 from prior week) Through April 14th, 2023.
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
Morning Preview Links
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
- Asian equity indices are -.50% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 133.75 +3.25 basis points.
- China Sovereign CDS 75.5 +1.0 basis point.
- China Iron Ore Spot 105.4 USD/Metric Tonne +.02%.
- Bloomberg Emerging Markets Currency Index 47.6 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 54.5 +.11%.
- Bloomberg US Financial Conditions Index -.11 -7.0 basis points.
- Volatility Index(VIX) futures 20.3 -.5%.
- Euro Stoxx 50 futures -.40%.
- S&P 500 futures +.17%.
- NASDAQ 100 futures +.43%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 25% net long heading into the day.
No comments:
Post a Comment