Evening Headlines
Bloomberg:
- Israel Rebuffs Calls to Halt Gaza War as Forces Move South.
- Taiwan Wants to Push Bounds of US Trade Deal to Beat Isolation.
- Worsening China Earnings Give Bears More Reasons to Sell.
- Australian Economy Surprisingly Slows as Rates Damp Spending.
- Taiwan’s Big China ETF Bust Shows Extent of Financial Decoupling.
- Traders Turbocharge Bets That ECB to Lead World on Rate Cuts.
- How Russia Punched an $11 Billion Hole in the West’s Oil Sanctions.
- Putin Plans Visit to Gulf in Wake of OPEC+ Deal on Output Cuts.
- Yellen Appeals to Congress as Republicans Block Fresh Aid to Ukraine.
- Asia Stocks to Gain, Treasuries Rally on US Jobs: Markets Wrap.
- Oil Falls for Fifth Day as US Exports Add to Oversupply Concerns.
- Wall Street CEOs Head to Washington With Capital-Rule Concerns.
- Truck-Stop Billionaire Fights Warren Buffett to Increase $18 Billion Fortune.
- A Pipeline Giant Is Helping to Push Texas's Power Grid to the Brink.
- Harvard, Penn Heads Defend Response to Israel-Gaza Protests.
- Dalio Says End of ‘Free Money’ Is Making Climate Fixes Difficult.
- El-Erian Says Fed Risks Losing Control of Messaging on US Rates.
Zero Hedge:
- The Canary Just Died: Sudden Spike In SOFR Hints At Mounting Reserve Shortage, Early Restart Of QE.
- Trump Campaign Strikes Back At 'Dictator' Hit-Piece In WaPo, Gaetz Says 'Green-Lighting Assassination'.
- Philadelphia Macy's Security Guard Fatally Stabbed By Shoplifter With Over A Dozen Prior Arrests.
- Don’t Let Government Get Away With Poisoning Americans: Hawley.
- Putin's Saudi Visit To Talk OPEC+ Cuts & Gaza War Highlights US Failure To Isolate Russia.
- FBI Arrests Conservative Actor For Taking Part In Jan. 6 Protests.
- Biden Impeachment Inquiry Vote To Come Next Week: Speaker Johnson.
- Transgender Bathroom Battle Heating Up State By State.
- Climate Grifters Want $2.4 Trillion Per Year, Much More Taxes To "Solve" Global Warming.
- Watch Live: Taibbi Discusses 'Hamilton 68' Link To Government's 'Cyber Threat League'.
- Zelensky Abruptly Cancels Address To Senators, Lashes Out At Failure To Secure More Taxpayer Funds.
- Democratic Senator Wants Illegal Immigrants To Join The Military.
- US stocks were choppy and treasuries bull-flattened amid mixed data including a drop in JOLTS job openings- Newsquawk Asia-Pac Market Open.
- Analysts Fear Possible Delays Of Grand Theft Auto VI Release.
- Paul Krugman Blames Economic Pessimism On Partisanship. He's Wrong!
- WTI Extends Losses To 5-Month Lows After API Reports Huge Crude Build At Cushing.
- Are You Still Middle Class?
- Stocks chop and bonds rip after tumbling job openings data - Newsquawk US Market Wrap.
- TLT's tumultuous trend and tech troubles.
- Lousy Labor Data Sends Yields Lower; Bitcoin, Big-Tech, & The Buck Soar.
- Russia Says OPEC+ Ready To Deepen Oil Output Cuts If Needed.
- 'Very Creepy Backstory': Massive Explosion Destroys Home In Arlington, Virginia Neighborhood.
- Hoax-Funding LinkedIn Founder Who Bankrolled Trump Accuser Donates To Nikki Haley.
Wall Street Journal:
- Russia Rejects Trade for WSJ’s Evan Gershkovich.
- Supreme Court Wary of Remaking Income Tax.
- Gen Z Flirts With Socialism. Students discuss the American economy and why many of their peers seem so keen to turn away from free markets.
- Republican Lawmakers Spar With University Presidents at Campus Antisemitism Hearing.
- P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price.
CNBC.com:
- An EU wealth tax and the end of U.S. capitalism: One bank’s ‘outrageous’ predictions for 2024
- Wall Street opens wallets wide for ‘Trump alternative’ Nikki Haley at $500K fundraiser.
- Ex-OpenAI director Reid Hoffman says we still don’t ‘fully know’ why board forced out Altman.
- Elon Musk’s AI startup — X.AI — files to raise $1 billion in fresh capital.
- Goldman Sachs is betting on the small cap rally. Here’s how.
- Charter shares plunge after CFO says company may lose broadband subscribers in fourth quarter.
MarketWatch.com:
- Bitcoin rally expands to smaller crypto, like Dogecoin.
- Apple is a $3 trillion company again, for the first time since August
- Box’s stock drops 11% on tepid revenue forecast
- MongoDB earnings clear Wall Street’s bar, but stock falls
- Asana’s stock is falling after another quarterly loss.
- Bond market signals a swift U.S. economic slowdown isn’t off the table.
- Nvidia and Microsoft CEOs say industrial companies will benefit most from AI. Here are stocks to put on your watch list.
Newsmax:
Fox News:
TheGatewayPundit.com:
- Zelensky Versus Zaluzhny: The Infighting Worsens as the President Gives Orders Directly to Battlefield, Bypassing the General That Is Polling Much Higher Than Him.
- “They Swept it Under the Rug and That is Wrong!” – Senator Marsha Blackburn Confronts Chris Wray Over the FBI Not Releasing Jeffrey Epstein’s Flight Logs and Refusing to Help His Victims (VIDEO).
- Actor Jamie Foxx in First Speech Since Mysterious Hospitalization, Says “I’m Not A Clone” Later Describes Vision of Hell.
- SHOCK VIDEO: Smuggler Stands on US Soil as He Helps Illegal Aliens Rush Through Hole in Border Wall in Arizona While Border Patrol Agents Do Nothing.
- Republicans in the Senate Suddenly Take Strong Stand on the Border and Illegal Immigration in Exchange for Funding Ukraine.
- In 2021 Congress Gave Joe Biden $7.5 Billion For Electric Vehicle Chargers – Two Years Later NOT ONE Charger Has Been Installed.
- WHAT ARE THEY HIDING?… Lara Logan and Truth in Media Releases New Information on Jan 6 Fedsurrection (VIDEO).
- “You’re Not Doing the Work…You’re Hiding Behind the Skirts of the Attorney General!” – Ted Cruz UNLEASHES on Dirty Chris Wray Over Joe Biden’s Crimes (VIDEO).
- US Students’ Math Scores Drop to Lowest Levels Ever in Global Education Assessment as Millions of Illegals Flood Over Border.
- It Took Almost TWO MONTHS for the UN’s Women’s Rights Body to Condemn Hamas’ Use of Rape as a Weapon of War (Video).
- Major Liberal City Set to Discipline Students Based on Their Race and Gender Identity for ‘Restorative Justice’.
- Delusional Liz Cheney, Who Lost Her Primary to Trump-Backed Challenger, Now Considers a Third-Party Presidential Run “to Stop Trump from Winning”.
- White House Now Sounds Just Like Hamas in Gaza.
- Despite All the Climate Alarmism Over ‘Global Warming’ at the COP28, the Northern Hemisphere Suffers Through Blistering Cold Temperatures at the Onset of Winter.
The Epoch Times:
- CCP Won’t Relinquish Control of China's Economy to Save It.
- ‘Total Trust’: The Horror of Communist Surveillance.
- GOP Senators Urge Biden Admin to Reinstate Sanctions on Chinese Institute Accused of Human Rights Violations.
Twitter:
- @zerohedge - Billionaire Democratic Donor Reid Hoffman Donates to Nikki Haley. well that clears that up.
- @MarshaBlackburn - @SenatorDurbin just tried to tell me he was “not aware” of the subpoena request I filed for Jeffrey Epstein’s flight logs. Here’s the receipt.
- @WallStreetSilv - Many of these "DINKs" (Dual Income No Kids) have been brainwashed by the media into believing that children are a negative. (video)
- @Libsoftiktok - Nikita Teran was 100% sure she was trans. Doctors rushed her through surgery for a double mastectomy. She breaks down as she discusses the surgery and complications. She says she was just a tomboy. She’s now detransitioning and warning others of this dangerous contagion. (video)
- @tuxzito12345 - FBI targeted Catholic Americans as potential terrorists. (video)
- @charliekirk11 - Researchers found that between September 14 and October 5, there were 4.4 million new shares sold short in Bank Leumi, one of Israel’s largest banks. Bank Leumi’s share prices tumbled 23% between October 4 and October 23.” What on earth is going on here? Who knew what and when? Why are we allowing these people to get away with this? We need criminal investigations immediately.
- @gatewaypundit - Tucker Carlson Destroys John Kerry and Climate Change Zealots with Facts. (video)
- @disclosetv - NOW - Groups of "mostly Chinese men" crossing illegally into the United States at the border in California. (video)
- @greg_price11 - BREAKING: Joe Biden received direct monthly payments beginning in 2018 from Hunter Biden's LLC Owasco PC, which received millions of dollars of CCP linked payments, according to redacted bank records released today by
@GOPoversight. - @songpinganq - Over 100,000 people living in this Chinese 15-minute city zone in Hunan province. It has everything: schools, restaurants, barber shops...and gyms. But facial recognition is mandatory to enter and leave every building & this zone. Authority knows where you are in real time! (video)
- @JimFergusonUK - Breaking News: The #NewZealand government are desperate to stop this information getting out. They have failed. (video)
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 unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 100.25 +2.5 basis points.
- China Sovereign CDS 62.75 +3.25 basis points.
- China Iron Ore Spot 130.3 USD/Metric Tonne +.93%.
- Bloomberg Emerging Markets Currency Index 41.6 unch.
- Bloomberg Global Risk-On/Risk Off Index 59.5 +1.8%.
- Bloomberg US Financial Conditions Index .51 +5.0 basis points.
- Volatility Index(VIX) futures 15.3 -.43%.
- Euro Stoxx 50 futures +.31%.
- S&P 500 futures +.23%.
- NASDAQ 100 futures +.40%.
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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