Sunday, July 26, 2026

Monday Watch

Around X:

  • @Business   
  • @Zerohedge 
  • @CNBC
  • @MarioNawful
  • @EricLDaugh
  • @DeItaone
  • IRAN CLAIMS MAJOR U.S. AIRCRAFT LOSSES. Iran’s IRGC claimed it destroyed 11 U.S. fighter jets and helicopters at regional military bases over the past 15 days. Tehran also said additional aircraft, including an F-15, P-8, C-17 and refuelling planes, were destroyed, and claimed U.S. fatalities exceeded 200. These claims have not been independently verified.
  • @ShadowofEzra
  • @FiananceLancelot
  • @GenFlynn
  • @Unusual_whales
  • @ScottPresler
  • @RyanRozbiani
  • @rawsalerts
  • @IranObserver
  • @The_Real_Fly
  • @HyperTechInvest
  • @KanekoaTheGreat
  • @LeadingReport
  • @KobeissiLetter
  • @TomiLahren
  • @PatrickWebb
  • @TruthGundlach
  • @Barchart
  • @TiffMoodNukes
Night Trading
  • Asian indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 71.0 -1.5 basis points.
  • China Sovereign CDS 38.0 -.75 basis point.
  • China Iron Ore Spot 98.0 USD/Metric Tonne -.2%.
  • Crude Oil 85.40/bbl. -4.4%
  • Gold 4,107.70 USD/t oz. +.9% 
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.31 -.22%. 
  • Bloomberg Emerging Markets Currency Index 34.49 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 124.8 -.7%.
  • US 10-Year Yield 4.63% -4.0 basis points. 
  • Japan 30-Year Yield 3.97% -2.0 basis points. 
  • Volatility Index(VIX) futures 18.7 -2.8%. 
  • Euro Stoxx 50 futures +.35%.
  • S&P 500 futures +.64%.
  • NASDAQ 100 futures +1.09%.

BOTTOM LINE: Asian indices are mostly higher, boosted by shipping and consumer discretionary shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% Net Long heading into the week.

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