Evening Headlines
Bloomberg:
- Israel Hostages Recount Their Grim Imprisonment in Hamas Tunnels.
- Hamas Releases 12 Hostages Despite Claims of Truce Violations.
- Chinese-Style Quantitative Easing Emerges as Property Fix Option.
- China’s Property Lifeline Exposes Banks to Big Losses, Job Cuts.
- Buyout Billionaire Sees Rising China Risk, Sanctions Over Taiwan.
- Australia’s Inflation Cools, Boosting Case for Rate Pause.
- New Zealand Keeps Rates Unchanged, Forecasts Risk of Hike.
- Dollar Weakens, Treasuries Hold Gains on Fed Bets: Markets Wrap.
- Oil Extends Climb With OPEC+ Meeting and Weaker Dollar in Focus.
- Charlie Munger, Who Helped Buffett Build Berkshire, Dies at 99.
- Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First Quarter.
- Fed’s Waller, Bowman Open Door to Another Interest Rate Pause in December.
- Global ESG Market Shrinks After Sizable Drop in US.
- Insiders Are Buying Up Stocks in Sign November’s Equity Rally Has Room to Run.
Zero Hedge:
- Did Deutsche Bank Just Destroy New York AG's Case Against Trump?
- Higher Incidence Of COVID-19 Found Among Consistent Mask-Wearers: Peer-Reviewed Study.
- Not Only Can Trump Win, Right Now He's The Favorite To Win.
- Iranian-Backed Hackers Breach Pennsylvania Water Control Station, Display Anti-Israel Messages.
- Refill Of Strategic Petroleum Reserve Slowed By Companies Delaying Return Of Borrowed Barrels.
- A Look At Unprecedented Surges In Cardiac Arrest Cases In Victoria, Australia.
- FBI Conducts Record Number Of Background Checks On Black Friday As Gun Demand Surges.
- The Federal Reserve Is Running Losses. Does This Cost Anyone Anything?
- Sports Illustrated Freaks Out, Deletes Evidence Of AI-Generated Journalists Writing AI-Generated Articles.
- USDJPY Won't Sustain Any Bid It Gains From MOF Abstinence.
- Goldman Finds 4 Most Affordable Cities For Housing... But There's A Catch.
- US stocks were choppy, while treasuries rallied and the dollar dipped following dovish comments from Fed hawk Waller - Newsquawk Asia-Pac Market Open.
- Market's risky calm.
- Mini-Me Soros Gets 'Community Noted' Into Oblivion Over Crime Stats.
- January 6 Was A 'Mostly Peaceful' Protest.
- WTI Holds Gains After API Reports First Crude Draw In 6 Weeks.
- Dollar dips as Treasuries rip on tip of dovish Waller and month-end flows - Newsquawk US Market Wrap.
- What Happens When Millions Of Renters Can No Longer Afford High Rents And Move Back Home?
- Counseling A Gaslit Nation.
- Waller Whacks The Dollar: Dovish Fed-Hawk Sparks Bid For Bullion, Bonds, & Bitcoin.
- Instagram Videos Sexualizing Children Shown To Adults Who Follow Preteen Influencers.
Wall Street Journal:
- Gaza Protests at Colleges Open a Generational Divide.
- Harvard’s Hamas Confusion. An elite college degree is the fastest way to disabuse a student of the idea of truth.
- The Newest Airline Climate Solution? Burying Sawdust.
- Electric Cars and Driving Range: Here’s What to Know.
- The Stocks That AI Mania Left Behind.
- The Price Is Wrong for Housing.
- Disney’s Bob Iger Plays Down Asset Sales.
- Housing Costs Are So High That Divorced Couples Are Still Living Together.
CNBC.com:
MarketWatch.com:- Mark Cuban is selling his majority stake in the Dallas Mavericks to the Adelson family.
- Meta updates political advertising rules to cover AI-generated images and videos.
- Amazon announces Q, an AI chatbot for businesses.
- OpenAI rival Hugging Face says it’s seeing more client interest after Sam Altman fiasco.
- A signal from big companies they think workers are losing control of the job market.
- Stocks making the biggest moves after hours: NetApp, Workday, Leslie’s, Las Vegas Sands and more.
- Washington warily eyes the death of the Chinese economic ‘juggernaut’.
- What 2024 S&P 500 forecasts really say about the stock market.
- Apple scotches credit-card partnership with Goldman Sachs: report.
- Consumers are facing ‘widespread’ rise in loan delinquencies.
- Shein’s IPO faces frosty reception in Washington.
- CrowdStrike posts better-than-expected earnings, but its stock slips.
Newsmax:
Fox News:
- AOC gets a rude awakening after complaining that NYC is unaffordable for working-class.
- Veterans Affairs lawyer who mocked Israelis' pleas for hostages faces calls to resign.
TheGatewayPundit.com:
- U.S. Navy Medical Officer Exposes Defense Department Data Showing Alarming Increase in Heart-Related Issues Among Pilots Following COVID-19 Vaccination: Myocarditis Up by 151%, Heart Failure by 973% (VIDEO)
- Explosive Report: US and UK Military Contractors Launched Initial Censorship Group that Later Morphed into the Censorship Industrial Complex After 2016 Trump Election.
- Victor Davis Hanson Warns America: ‘Brace Yourself for What’s Coming in 2024’ (VIDEO)
- Police Beat The Hell Out Of Innocent J6 Protesters And They Face Years In Prison. The Left Riots, Sues Police For ‘Excessive Force’ And Wins Millions..
- “Try and Avoid Connecting Crime with Migration. It’s Not Right” – Irish Prime Minister Leo Varadkar Scolds Irishmen After Algerian Stabs Children in Dublin (VIDEO).
- SHOCK REPORT: Biden Admin Is Spending $451 BILLION a Year to Pay for Illegal Alien and Asylum Seeker Benefits (VIDEO).
- French Teen Is Stabbed by Arab Migrants – So Police Vow To Crack Down – On the French Citizens Protesting It!
- ‘I Am Hopeful – that Congress Will Do It” – DHS Secretary Mayorkas Lays Out Amnesty Plan for 12-30 Million Illegal Aliens Here in the US.
- FRAUD ALERT: Democrat “Wins” Louisiana Election by ONE VOTE After Dead People Somehow Cast Ballots – But There’s No Verifiable Paper Trail Thanks to State Using Faulty Voting Machines.
- Creator of COVID 19 Vaccine was Reportedly Thrown from a Roof in China Three Months After Filing Patent for Vaccine.
- Target Learned Nothing From Their Pride Fiasco — Hires ‘Gay Cruella’ for LGBTQ Marketing.
The Epoch Times:
- US Should Subsidize America Not China.
- China Leads 'New Axis' in Harvesting DNA from Pregnant Women, Fetuses: British MP.
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 mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 99.25 +.75 basis point.
- China Sovereign CDS 60.0 +.25 basis point.
- China Iron Ore Spot 129.9 USD/Metric Tonne +.8%.
- Bloomberg Emerging Markets Currency Index 41.97 +.1%.
- Bloomberg Global Risk-On/Risk Off Index 62.97 -1.7%
- Bloomberg US Financial Conditions Index .44 -3.0 basis points
- Volatility Index(VIX) futures 13.74 -.32%.
- Euro Stoxx 50 futures -.02%.
- S&P 500 futures +.10%.
- NASDAQ 100 futures +.13%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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