Tuesday Watch

Evening Headlines

Bloomberg:

• Venezuela’s Machado Says Opposition Has Enough Proof of Fraud.
• Venezuela Erupts in Protests as Maduro Reclaims Office.
• Singapore’s Temasek to Invest $30 Billion in US Over Five Years.
• Asian Shares Fall as Slew of Rate Decisions Ahead. 
• Oil Steadies Near Seven-Week Low With Demand Concerns Mounting.
• Nvidia Releases Software, Services to Boost Rapid Adoption of AI.
• US IPO Market to Slow After Lineage, With Quiet Summer Ahead.
• Five Things You Need to Know to Start Your Day: Asia.

Zerohedge:  

• Mississippi Law Allowing Ballots To Be Received After Election Day Lawful: Judge.
• The War On Raw Milk.
• The Media Betrays The American Experiment.
• These Are The Fastest Growing Housing Markets In The US.
• Worst US Cities To Live (2022).
• Putin Vows 'Mirror Measures' After US Plans Long-Range Missiles For Germany.
• Nebraska Supreme Court Rules In Favor Of Bill Restricting Abortion, Gender-Altering Procedures.
• Elizabeth Warren Says Kamala Harris To Grant Citizenship To Illegal Immigrants.
• Trump To Sit For Voluntary Interview With FBI On Assassination Investigation.
• "This Case Is Going To Fail": Lawyer For Andrew Left Says He'd "Never" Accept Plea Deal.
• US stocks were mixed as participants lacked conviction ahead of major risk events - Newsquawk Asia-Pac Market Open.
• Entering The Busiest Earnings Week, These Are The Stocks With Highest Hedge Fund Positioning.
• President Biden – A Single Point Of Failure For America.
• Stocks mixed and bonds flatten ahead of key risk events - Newsquawk US Market Wrap.
• Did We Just Witness The Suicide Of Wokery?
• Crude, Crypto, & Small-Caps Clubbed Like A Baby Seal As Chaotic Week Looms.

Wall Street Journal:

• Venezuelans Protest Government’s Claim of Election Victory.
• Investors on Alert for Fed Signals of September Rate Cut.
• Kamala Harris Does a Fracking Flip-Flop. She switches to win Pennsylvania, but does she disavow Biden policy to squeeze fossil fuels by regulation?
• Kamala Harris’s Gift to Hamas. She relieves pressure on the terror group to agree to release Israeli hostages. 
• Post-Covid Factory Boom Is Running Out of Steam.
• More People Are Driving on Cannabis. Law Enforcement Is Racing to Learn Who is High.

CNBC.com:

• Apple says its AI models were trained on Google’s custom chips.
• Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage.

MarketWatch.com: 

• U.S. stocks could face elevated downside risk in coming months, BofA strategists say.
• Here’s why Microsoft’s earnings come with so much pressure.
• AI is all over the Paris Olympics, but Google Gemini ad sparks backlash.  
• Traders may be jumping the gun once again by betting on aggressive Fed rate cuts.

Fox News:

• Trump reacts to opening ceremony of 2024 Paris Olympics in exclusive interview on FOX News.
• Possible top Harris VP contender withdraws from consideration.
• Harris under fire as past comments about Border Patrol agents come back to haunt her.

TheGatewayPundit.com:

• “He is! Dead on Arrival!” WHOA! Joe Biden Issues Thinly Veiled Threat to House Speaker Mike Johnson Over SCOTUS Battle (VIDEO).
• Democratic VP Front-Runner Started a Spy Technology Company Partially Funded by China.
• EPIC: Venezuelans Topple Statues of Late Socialist Dictator Hugo Chavez Following Rigged Elections (VIDEO).
• Tax Hypocrisy: Nearly 6,000 IRS Employees and Contractors Owe $50 Million in Back Taxes, Treasury Audit Reveals.
• Jamal Trulove Tells How He Was Framed with Murder and Kamala Harris Sat in Back of the Courtroom and Laughed (VIDEO).
• INSIDE JOB: Secret Service Would Not Allow Communications with Local Police Until AFTER Trump was Shot – Police Spotted Suspect 90 Minutes Before Shooting.
• Speaker Mike Johnson Sparks Uproar After Revealing the Seven Republicans Who Will Serve on Task Force Investigating Trump Assassination Attempt.
• ‘White Women For Kamala’ Zoom Call is a Cringe Fest of White Guilt and Racial Segregation (VIDEO).
• You Can’t Make This Up: Secretary Blinken Condemns Election Fraud in Venezuela While Turning a Blind Eye to the 2020 Election Fraud in the U.S.

The Epoch Times:

• Local Government Debt Is Dragging China Down.
• Inflation News From China Tells a Sorry Tale.

Around X:

• @elonmusk

• Major election fraud by Maduro. (pic)
  

• @SprinterFamily

• Los Angeles, California. A RoboCop-style setting on the streets of the largest city in the richest state in the United States. The very state whose GDP is greater than that of Russia. (video)
  

• @StillGray

• Maduro learned from the best. (pic)

• @nicksortor
  

• Why were the police CLEARING Trump supporters from the area of the AGR building in Butler, PA? And why did they keep Trump on stage KNOWING there was an imminent threat? EVERYBODY in the area knew for SEVERAL MINUTES. This video is extremely telling. (video)
• #BREAKING: Leaked text messages reveal Trump Rally counter snipers were aware of sh**ter Thomas Crooks up to 90 MINUTES before the sh**ting. This just gets more and more infuriating. The sniper even sent a text along with photos saying “I did see him with a range finder looking towards stage. FYI.” YET THEY CONTINUED TO ALLOW HIM TO GET INTO POSITION AND FIRE? How did literally EVERYTHING coincidentally go wrong all at the same time?

• @ImMeme0

• Maduro is deploying his armed forces against the Venezuelan people. He disregards their will and is prepared to use violence to cling to power. (video)

• @BehizyTweets

• BREAKING: Thousands of pissed of Venezuelans are on their way to Miraflores Palace, the presidential residence of Socialist Dictator Nicolás Maduro. The people aren't standing for one of the worst instances of election fraud in human history. (video)
  

• @realLizUSA
  

• “Kamala Harris is so popular that 68 people showed up to her rally this week in Philadelphia.” But I’m sure it’s neck and neck in PA! (video)
  

• @EndWokeness
  

• This is crazy. Social media influencers are being PAID to support Kamala Harris. (video)

• @CollinRugg

• BREAKING: Virginia Attorney General Jason Miyares announces his office is looking into allegations of fraudulent donations to ActBlue, a Democrat political action committee. The announcement comes after alarming allegations of fraud surfaced online. One example was unveiled by @NoVA_Campaigns where a 79-year-old woman had allegedly made 22,619 donations to Democrats for $839,466. The woman, Kerry Alberti, lives in the Virginia suburbs and rents an apartment for less than $2000 a month. "Utter fraud (ID theft) via ActBlue," the account said. "My office is aware of these allegations and rest assured, we are looking into it," Miyares announced.

• @libsoftiktok

• Meet Imane Khelif, a boxer who was banned from the Women's World Box Championships in 2023 because he is a man. However, Khelif is being allowed to compete in women's Olympic boxing in Paris. Just another reason to boycott the Olympics. (pic)

• @WallStreetApes

• The FBI Has Been Caught “Cookin The Books” On Crime Statistics. Prominent Democrats have been all over the media saying crime rates are down, turns out it’s a lie. “The Washington Examiner did some digging and discovered the FBI has been cooking the books.” (video)
  

• @DogRightGirl

• RIP MSNBC. They will never recover from this…….. (video)

• @ChuckCallesto
  

• JUST IN: Images emerging from Venezuela seem to point to an imminent civil war.. Citizens have been captured on Video taking over military vehicles.. DEVELOPING.. (video)
  

• @ClownWorld_

• BREAKING: Meta/Facebook is now labeling the photo of President Trump immediately following the assassination attempt as "altered" and is preventing it from being seen on their platforms. (pic)

• @wideawake_media

• "Be prepared, it's coming." Remember when CNN technical director Charlie Chester, in a secret Project Veritas recording from April 2021, divulged that as soon as the public are no longer scared of "Covid", "climate change" will take centre stage as the new imaginary boogeyman to terrify everyone into submission with? (video)

• @nataliegwinters

• Smartmatic voting machines are used in US elections. Venezuela also uses the company to run its elections. Smartmatic even include praise from the Director of Venezuela's National Electoral Council in its promotional material. Nothing to see here. (pic)

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,012,894 Reports(+1,222 from prior report) Through June 28th, 2024.

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 

• Asian equity indices are -1.25% to -.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 96.25 -.25 basis point.

• China Sovereign CDS 65.0 +1.0 basis point.
  
• China Iron Ore Spot 101.2 USD/Metric Tonne -.7%

• Bloomberg Emerging Markets Currency Index 39.0 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 51.9 +1.1%.
• Volatility Index(VIX) futures 16.1 +.6%.
• Euro Stoxx 50 futures unch.

• S&P 500 futures -.29%.

• NASDAQ 100 futures -.42%.  

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.