Sunday, August 02, 2026

Monday Watch

Around X:

  • @Business   
  • @Zerohedge 
  • @CNBC
  • @MarioNawful
  • To give you an idea how close we are to a global war: - Trump wants Syria to fight Hezbollah in Lebanon. - Reports that Ukraine may help the U.S. blockade Iran. - Talk of Saudi invading Yemen to gain control of Bab-El-Mandeb from the Houthis. - 2 ships in Egypt struck. Iran striking the Gulf pre-emptively. The U.S. preparing for a possible resumption of the war. - China and Russia HEAVILY supporting Iran. - Ukraine war escalating, as Russia warns it may strike NATO. - China and Japan flexing in the South and East China sea.s - North Korea wants to build and deploy nuclear-powered submarines.
  • @pati_marins64
  • @HormuzReport
  • @Overston_News
  • @KobeissiLetter
  • AI-exposed companies are delivering unprecedented earnings. S&P 500 companies are beating earnings estimates by an average of +27% so far in Q2 2026, on track for the strongest quarter in decades. Nasdaq 100 firms are exceeding expectations by more than double that margin, at +55%. The Bloomberg AI Value Chain index is beating expectations by an even larger amount, at +71%. This index includes chipmakers, cloud and data center operators, memory and hardware suppliers, networking equipment makers, and power infrastructure companies supporting AI. The AI boom is backed by extraordinary earnings results. (graph)
  • @LaraLogan
  • @EricLDaugh
  • @GuntherEagleman
  • @spectatorindex
  • Prices, since start of the year. Rice: +45% Cotton: +27% Wheat: +25% Wool: +21% Rubber: +20% Cheese: +16% Tea: +15% Sunflower oil: +15% Palm oil: +15% Lumber: +14% Soybeans: +13%.
  • @5149jamesLi
  • @naomirwolf
  • @Savsays
  • @DanBilzerian
  • @nicksortor
  • BREAKING: Entire NEIGHBORHOODS are engulfed in flames in Spokane, Washington as Gov. Bob Ferguson (D) stands by and watches Over *5,000* homes are about to burn, and not NEARLY enough is being done. STOP COPYING NEWSOM. REQUEST FEDERAL SUPPORT NOW! (video)
  • @AwakenOutlaw
  • @GeneralMCNews
  • @SpencerPratt
  • Fire is a weapon of mass destruction. We need to treat it like the national security threat it is. In the last admin, "ologists" hijacked billions intended for fire management & laundered it to activist eco-NGOs. 60% of fire units are understaffed *right now*.
  •  @BoLoudon
  • @Megatron_ron
  • @Liz_Churchill10
Night Trading
  • Asian indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.5 -.75 basis point.
  • China Sovereign CDS 37.75 -.25 basis point.
  • China Iron Ore Spot 94.15 USD/Metric Tonne -1.80%.
  • Crude Oil 80.54/bbl. -4.9%
  • Gold 4,110.10 USD/t oz. +.08% 
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.35 +.17%. 
  • Bloomberg Emerging Markets Currency Index 34.53 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 126.2 -.2%.
  • US 10-Year Yield 4.70% -4.0 basis points. 
  • Japan 30-Year Yield 3.99% -1.0 basis point. 
  • Volatility Index(VIX) futures 19.1 -.7%. 
  • Euro Stoxx 50 futures +.69%.
  • S&P 500 futures +.47%.
  • NASDAQ 100 futures +.76%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and automaker 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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