Evening Headlines
Bloomberg:
- Israeli Forces Begin ‘Targeted Operation’ at Gaza Hospital.
- US Is Quietly Sending Israel More Ammunition, Missiles.
- Xi’s Arrival in US Brings Protesters and Fans Onto Streets.
- China Curbs on Australian Beef May End Next Month, Minister Says.
- China Credit Market Calm Belies Risks From Property Debt Crisis.
- Japan Economy Shrinks More Than Expected, Supporting BOJ Easing.
- Hedge Funds Copy Citadel Fee Model in Fight for Top Asia Traders.
- Asian Stocks Rally as Fed Rate Hikes Seen Over: Markets Wrap.
- Oil Steady With Differing Views From IEA, OPEC Clouding Outlook.
- House Speaker Mike Johnson Endorses Trump for President.
- US Shutdown Risk Drops as Democrats Back GOP Speaker’s Plan.
- Ken Griffin Sees Miami Possibly Replacing NYC as Finance Capital.
- JPMorgan’s Dimon Says Inflation ‘Might Not Go Away That Quickly’.
- Investors Are Covering Their Short Bets, Sending Stocks Higher.
Zero Hedge:
- "We Can Finish It Here": US Senator Challenges Teamsters President To Fight During Congressional Hearing.
- Empty Words? Biden Tells Family Members Of US Hostages In Gaza: "Hang In There, We're Coming".
- Speculator Or Investor? What’s The Difference?
- Russell 2000 Call Volumes Explode To All Time High In Short-Crushing Ripfest.
- Doug Casey On The Imminent Bankruptcy Of The US Government.
- Luxury Bust Worsens: Rolex, Patek Prices Hit Two-Year Lows.
- The Debt Reaper.
- Wall Street Bonuses Set For Another Year Of Declines.
- House Funding Bill Passes Thanks To Democrats, Averting Government Shutdown.
- A Trump-Tucker Ticket?
- Strip Clubs, D*ck Pics & Booze: FDIC Revealed As Misogynistic Free-For-All In New Expose.
- At Least 4 More Attacks On US Forces Since Latest US Airstrikes In Syria.
- US stocks and treasuries surged after softer-than-expected US inflation - Newsquawk Asia-Pac Market Open.
- 100 State Dept Officials Sign Dissent Memo Saying Biden "Complicit In Genocide" In Gaza.
- Donald Trump Jr. Testimony Kicks Off Trump Defense In NY Fraud Trial.
- Market rips after soft CPI sends yields and Dollar tumbling - Newsquawk US Market Wrap.
- Stocks Soar, Yields And Dollar Crash As Fed's Tightening Cycle Dies, Countdown To Cuts Begins.
- Upside panic - shorts carried out on stretchers.
Wall Street Journal:
- Cooling Inflation Likely Ends Fed Rate Hikes.
- ‘What the Hell Is Going On at the FDIC?’ Lawmakers Grill Agency Chairman.
- The Global Toll of Biden’s Green Enthusiasm. The energy shift will drive inflation and affect living standards around the world.
- Israel Dominates Battlefield With Technological Advantage.
- Earnings Estimates Are Falling. These Two Companies Are Taking the Blame.
- With Interest Rates Above 9%, Small Businesses Slam the Brakes.
- ‘Zen’ Is at the Center of This $45 Million Los Angeles Spec Home.
CNBC.com:
MarketWatch.com:- The Magnificent Seven add more than $200 billion to their market caps.
- Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud.
- How financial conditions might play into Fed’s thinking after October’s CPI.
- Fed credibility at risk if it cuts interest rates too soon, says Citadel’s Ken Griffin.
- Fed’s Goolsbee: ‘We still have a long way to go’ to get to 2% target.
Newsmax:
Fox News:
- Emergency room nurse lost to suicide leaves letter behind about US health care system
- Israeli forces launch ‘targeted operation’ against Hamas inside Gaza hospital in search of hostages.
- Miss Universe files for bankruptcy after accepting transgender contestants,
- Mayor warns parents may be needed in schools as migrant crisis engulfs New York City.
TheGatewayPundit.com:
- Joe Biden Gifts Another $10 Billion to Iran – His Total Funding to Iran Now Comes to $80 Billion Since He Entered Office- And This is One Month After Iran-Backed Hamas Slaughtered 1,400 Jews in Israel.
- Jay Valentine: When Citizens Have Better Computer Technology Than Their Government – Minnesota Investigation finds 172,000+ Voter Issues.
- Soros-Funded Loudoun County Commonwealth Attorney Buta Biberaj Defeated by Bob Anderson, by Only 300 Votes.
- Dysfunctional Sweden: Gang-Related Crime Epidemic Now Targeting Crypto Owners for Brutal Robberies.
- Missouri Attorney General’s Report Exposes Soros-Funded Prosecutor Kim Gardner: Over 25,000 Cases Dismissed, Misuse of Taxpayer Funds, and Rights Violations.
- HORROR: Man Stabs 4 Women at Louisiana Tech Campus – University Claims “Random Act of Violence”.
- WAYNE ROOT: Fire Ronna McDaniel. Here’s Your “Model:” Study What Texas A&M and Mississippi State Football Teams Did This Past Weekend.
- Czech Television Crew Robbed at Gunpoint During APEC Summit in Crime-Ridden San Francisco.
- Joe Biden as World Teeters on WWIII: Climate Change is the “Ultimate Threat to Humanity” (VIDEO).
- Vigilant Fox: OB-GYN Drops Alarming Miscarriage Data Before Congress: “I’ve Never Seen This Before”.
- WATCH: Brave Female Pool Player Elects to FORFEIT Final Match Rather than Face Trans Opponent as Crowd Erupts in Applause and Cheers.
- “We Are Supposed to be in the USA, We have a Constitution, How Is This Happening?” – Marine Corps Veteran, Father, Husband J6 Political Prisoner Zach Rehl Update.
- SICK PEOPLE: Singer Pink and PEN America Will Hand Out Banned Porn Books for Kids at Her Florida Concert.
The Epoch Times:
- China Training and Equipping Foreign Militaries to Undermine US: Report.
- Beijing’s War Plans for Taiwan Keep Evolving.
Twitter:
- @TheTranscript_ - More reshoring talk: (graph)
- @crushthemarket - Last time this occurred was 2009.
Look at the pace of the slump in credit growth collapsing at a similar
pace to 09 as well. A year from now they will tell everyone, the
recession started in 2023. (graph)
OpenVAERS:
- VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+5,406 from prior week) Through October 27th, 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 higher, boosted by tech and industrial 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.
- Asian equity indices are +.75% to +1.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 107.5 -5.0 basis points.
- China Sovereign CDS 66.75 -3.75 basis points.
- China Iron Ore Spot 130.3 USD/Metric Tonne +1.6%.
- Bloomberg Emerging Markets Currency Index 41.8 +.05%.
- Bloomberg Global Risk-On/Risk Off Index 63.5 -1.4%
- Bloomberg US Financial Conditions Index .08 +4.0 basis points.
- Volatility Index(VIX) futures 15.6 -.9%.
- Euro Stoxx 50 futures -.05%.
- S&P 500 futures +.12%.
- NASDAQ 100 futures +.20%.
BOTTOM LINE: Asian indices are modestly higher, boosted by tech and industrial 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.
No comments:
Post a Comment