Sunday, June 30, 2024

Monday Watch

Today's Headlines

Bloomberg:   
Zero Hedge: 

Wall Street Journal:

CNBC:  
MarketWatch.com:  
Fox News:
TheGatewayPundit.com:

The Epoch Times:

Around X:
  • @CollinRugg
  • @EndWokeness 
  • @TheChiefNerd
  • @wideawake_media
  • @toobaffled
  • @JamesMelville 
  • @JohnRuddick2
  • @newstart_2024
  • @Artemisfornow
  • @ChuckCallesto
  • @WallStreetApes
  • @Sav_says_
  • WARNING EXTREMELY GRAPHIC: SF PRIDE- A man lies in an inflatable pool of urine in The Fetish Zone where attendees are encouraged to pee on him. Other booths featured participants getting spanked, whipped and imitating sex acts on each other, all in public. (video)
  • @gregkellyusa
  • @goddeketal
  • HOW THE GLOBALISTS HIJACKED SCIENCE. In this post, as a canceled scientist, I'll expose how the ruling elite hijacked science for their pseudotheories: First, they ensured that scientists at universities are no longer permanently employed but are hired on a precarious project basis for 3-4 years. Second, a scientist only gets a grant for a project if it fits within the rigid and ideological framework of the funding organization. These almost always mandate gender, equality, inclusion, and climate change. Third, if you don’t comply and integrate these politically charged issues into your funding application, you will not get a job. This system ensures that only sycophantic, uncritical scientists receive funding grants.
OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 98.5 -.5 basis point.
  • China Sovereign CDS 66.25 -.25 basis point.
  • China Iron Ore Spot 106.7 USD/Metric Tonne -.02%.
  • Bloomberg Emerging Markets Currency Index 39.1 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 59.4 +2.8%.
  • Volatility Index(VIX) futures 14.9 -.6%. 
  • Euro Stoxx 50 futures +1.0%.
  • S&P 500 futures +.22%.
  • NASDAQ 100 futures +.23%.

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

Saturday, June 29, 2024

Today's Headlines

Bloomberg:

Zero Hedge:
Wall Street Journal:   
Barron's:
  • Had bullish commentary on (HON), (DXCM) and (IRTC).

CNBC:

MarketWatch.com:

NewsMax:

Fox News:

TheGatewayPundit.com: 

Epoch Times:

Around X:
  • @OliLondonTV
  • @KanekoaTheGreat
  • @CollinRugg
  • @Kylenabecker
  • @WallStreetApes
  • @WallStreetSilv
  • @bennyjohnson
  • @newstart_2024
  • World Economic Forum (WEF) members have begun discussing plans to seize control of all elements of nature that humans rely on for survival such as food, water, and even the oxygen supply. During the WEF Annual Meeting of the New Champions, also known as “Summer Davos,” in Dalian, China, globalists declared that natural systems are finite and must be corporatized. During a Summer Davos panel discussion, WEF speaker Lindsay Hooper blasted members of the general public for expecting water and oxygen to be “unlimited” and “free.” Hooper, the University of Cambridge Institute for Sustainability Leadership CEO, argued that food, water, and oxygen are “forms of natural capital” that global elites must put “on the balance sheet.”
  • @EndWokeness
  • @StephenM
  • @Liz_Churchill10
  • @InformedMama209
  • @JimFergusonUK
OpenVAERS:
SKirsch.com:

Friday, June 28, 2024

Monday's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:
  • (MSM)/1.34
After the Close: 
  • None of note
Economic Releases

10:00 am EST

  • Construction Spending MoM for May is estimated to rise +.2% versus a -.1% decline in April.
  • The ISM Manufacturing for June is estimated to rise to 49.1 versus 48.7 in May.
  • The ISM Prices Paid for June is estimated to fall to 55.8 versus 57.0 in May.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Williams speaking and the Atlanta Fed GDPNow Q3 estimate could also impact global trading on Monday.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

  • Volume Running -5.5% Below 100-Day Average 
  • Nasdaq/NYSE Volume Ratio 11.2 -2.8
  • 4 Sectors Declining, 7 Sectors Rising
  • 60.1% of Issues Advancing, 37.2% Declining 
  • TRIN/Arms 1.19 -.83%
  • Non-Block Money Flow +$79.2M
  • 98 New 52-Week Highs, 25 New Lows
  • 53.6% (+1.7%) of Issues Above 200-day Moving Average
  • Average 14-Day RSI 53.0 +4.0
Other:
  • Bloomberg Global Risk-On/Risk-Off Index 58.0 -1.2%
  • Bloomberg Cyclicals/Defensives Index 240.5 +.5%
  • Russell 1000: Growth/Value 21,087.9 +.1%
  • CNN Fear & Greed Index 46.0 (NEUTRAL) unch.
  • 1-Day Vix 9.2 -15.3%
  • Vix 12.2 -.6%
  • Total Put/Call .77 -.49%

Thursday, June 27, 2024

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.25 -.75 basis point.
  • China Sovereign CDS 66.75 +.25 basis point.
  • China Iron Ore Spot 105.10 USD/Metric Tonne -.6%.
  • Bloomberg Emerging Markets Currency Index 39.0 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 59.7 +1.7%.
  • Volatility Index(VIX) futures 13.7 -.4%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.30%.  
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 100% net long heading into the day.