Tuesday Watch

Around X:

• @Business

• Breaking: President Donald Trump is cutting short his visit to the Group of Seven leaders’ summit, according to the White House, and returning to Washington.
• Prime Minister Keir Starmer is set to agree with President Donald Trump to implement a trade deal announced last month.
• Gold pushed higher in early Asia trading after US President Donald Trump called for the immediate evacuation of Tehran, boosting demand for havens. 
• Senate Republicans released a bill that would end tax credits for wind and solar earlier than for other sources, dashing hopes of those seeking relief from major cuts passed by the House.
• Here's the latest news on the oil market.
• The Senate’s draft tax bill calls for temporarily increasing an investment credit for semiconductor manufacturers, enhancing a subsidy for chipmakers to build factories in the US.
• Wealthy US colleges scored a win with the release of Senate Republicans’ tax bill, which would institute a lower tax hike on endowments than what GOP House members have backed.
• Hedge fund billionaire Ken Griffin shares his views on President Donald Trump; his alma mater, Harvard University; and his Florida homecoming. 
• Senate Republicans released revised tax and health-care provisions of Donald Trump’s multitrillion dollar signature economic package, a key step toward meeting their goal of passing the bill before July 4.
• Get up to speed on what's moving global markets.
• Here's what you need to know to start your day. 

• @ZeroHedge 

• American Forces are maintaining their defensive posture & that has not changed. We will protect American troops & our interests.
• Gold: The Global Financial System's Lie-Detector?
• With BOJ On Deck, The Yen's Moment To Shine... Or Fade, Is Here.
• The Ghost In The Machine.
• *ELI LILLY IN ADVANCED TALKS TO BUY VERVE FOR UP TO $1.3B: FT.
• *TRUMP TO RETURN TO WASHINGTON TONIGHT: LEAVITT.
• Support For Renewables Slides As Fossil Fuel Interest Grows. (graph)
• "Everyone Should Immediately Evacuate Tehran" - Trump Says Iran Should Have Signed Deal.
• *EU, US LEADERS INSTRUCT TEAMS TO ACCELERATE WORK ON TRADE: VDL.   
• WW3-On, WW3-Off: Stocks, Oil, Gold, & Crypto Swing Wildly On Mideast Headline Roulette.

• @Polymarket 

• BREAKING: The odds of the US taking imminent military action against Iran are surging. (graph)

• @GatewayPundit

• Victor Reacts: Liberals Claim Scripture Justifies Illegal Immigration – Debunked. (VIDEO)
• The 3500 year History of China, the CCP and how GETTR are Making a Stand for Freedom. 
• Transportation Secretary Sean Duffy Says Sanctuary Cities Won’t Receive Federal Tax Dollars to Repair Riot Damage.
• EXCLUSIVE: NIH Renews Grants for Harvard Monkey Lab, Fauci’s Beagle and Primate Tests.

• @KobeissiLetter

• Keep watching oil markets: President Trump just told “everyone [to] evacuate Tehran immediately.” Yet, oil prices are up a mere +1.5% on the news. Oil markets continue to price-in a short-lived conflict. Ignore the noise and follow the money.
• Foreign inflows to US assets are re-accelerating: Foreign purchases of US assets are on track to reach $138 billion in 2025, the second-largest year on record, according to Bank of America. Since 2020, overseas investors have poured $547 billion into US assets. This surge has been primarily driven by US equity funds, which are on pace for $136 billion in net inflows this year, the second-highest after 2024. Since the beginning of 2020, foreigners’ net inflows into US equities alone have totaled ~$350 billion. After a brief pause, international buying of US assets is back. 
• This is incredible: Foreigners hold $26 trillion more in US assets than Americans hold overseas. The net international investment position measures the difference between what a country owns overseas and what foreigners own in that country. For the US, the imbalance has DOUBLED over the last 5 years. As a % of GDP, this metric has reached ~87%, making it one of the largest deficits among developed nations. This comes as foreign investors continue pouring money into American stocks, bonds, and other assets. Additionally, the value of these assets has grown rapidly, particularly in stocks. The US market is beyond dominant. (graph)

• @GenFlynn

• The American people do NOT want another endless war. Not in the Middle East. Not in Eastern Europe. We've spent $500 BILLION funding failure while Congress gets rich and the country rots from the inside out. We are experiencing a moral collapse, not just approaching one. This nation was founded under God—it's time to act like it. (video)
• CHINA CHINA CHINA. NOT RUSSIA RUSSIA RUSSIA.

• @FreeManReporter

• Pfizer CEO Albert Bourla, former U.S. Treasury Secretary Larry Summers and former European Commission President José Manuel Barroso exiting #Bilderberg 2025. (video)

• @WallStreetApes

• I’m sharing this as a screen recording so you can see how viral this video has now gone. Over 112,000 people have liked this video exposing the Democrat Party bought 200 pallets of bricks without any construction plans right before all the protests broke out. How can so many people know what’s doing on but no one ever be held accountable?? It makes you furious. (video)

@LawrenceSellin

• The Chinese Fifth Column is a clear and present danger to U.S. national security. There are millions of Chinese-in-America who are permanent residents (green card) or U.S. citizens, but remain loyal to Communist China and work on its behalf. Their children are also indoctrinated.

Night Trading 

• Asian equity indices are -.25% to -.75% on average. 
• Asia Ex-Japan Investment Grade CDS Index 74.75 -1.25 basis points. 
• China Sovereign CDS 46.75 unch.
• China Iron Ore Spot 93.5 USD/Metric Tonne -.7%.
• Swiss Franc/Offshore Chinese Renminbi Cross 8.82 -.02%.
• Bloomberg Emerging Markets Currency Index 37.1 -.1%.
• Bloomberg Global Risk-On/Risk Off Index 69.9 -.1%.
• US 10-Year Yield 4.42% -2.0 basis points.
• Volatility Index(VIX) futures 20.9 +3.9%.
• Euro Stoxx 50 futures -.73%. 
• S&P 500 futures -.44%. 
• NASDAQ 100 futures -.49%.

Morning Preview Links

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