Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -12.2% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 12.4 -2.3
  
• 2 Sectors Declining, 9 Sectors Rising
• 72.2% of Issues Advancing, 25.0% Declining 
• TRIN/Arms 1.03 -3.7%
  
• Non-Block Money Flow +$194.1M
  
• 72 New 52-Week Highs, 15 New Lows
• 53.3% (+4.0%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 57.0 +2.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 57.2 +.5%
• Bloomberg Cyclicals/Defensives Index 237.9 -.3%
  
• Russell 1000: Growth/Value 20,569.4 -1.2%
• CNN Fear & Greed Index 42.0 (FEAR) +2.0
  
• 1-Day Vix 7.9 -11.7%
  
• Vix 13.2 +.2%
  
• Total Put/Call .92 +8.2%

Monday Watch

Today's Headlines

Bloomberg:  

• Japan Says It’s Ready to Intervene in Currency Markets 24 Hours a Day If Needed.
• Indonesia’s Bonds Hit Hardest in Asia as State Debt Risks Grow. 
• New Polls Show French National Rally Forging Ahead of Macron.
• Asian Stocks Falter as Japan Warns on Yen Moves.
• Oil Extends Drop as Risk-Off Tone Counters More Attacks on Ships.
• Stocks Face Meager Upside After 2024 Gains, Survey Shows.
• Prudential to Buy Back $2 Billion Worth of Insurer’s Own Shares. 
• The Hedge Fund Bet Luring Retail Investors to High-Risk Bonds.
• Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up.
• Fed’s Key Inflation Gauges May Offer Path to Rate Cuts.
• Five Things You Need to Know to Start Your Day: Asia.

Zero Hedge: 

• Maher Audience Silenced After Andrew Cuomo Admits NYC Trump Trial Should Have Never Happened.
• Large Terror Attack On Synagogue & Orthodox Churches In Russia's Dagestan.
• "This Is Going To Be Far Worse Than The Great Depression...".
• Declining Black Church Attendance Weakens Key Democratic Asset.
• Chemicals From East Palestine Train Disaster Spread To 16 States: Study.
• Stifel: "Investors In Full Bubble/Mania Mode" Will Push S&P To 6,000 Before Round-Tripping It To 4,800.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Biden Admin Asked Amazon To Hide Vaccine-Critical Books During Pandemic.
• Mike Wilson: These Are The Three Biggest Risks To Stocks Right Now.
• Children Among Mass Casualties After US-Supplied Missile Targets Crowded Crimean Beach.
• "This Cannot Go On Forever": Explaining The U.S. Debt Crisis In Simple Terms.
• Hezbollah Shows Off Israeli Target Bank Of Sensitive Sites In New Video Warning.
• The Radical Left Can't Understand Why Normal People Are Angry...
• Sub-Saharan Africa Becomes New Child-Labor Hostpot.
• The Myth Of The European "Far-Right Surge".
• British Children Getting Shorter, Fatter, And Sicker: Report. 
• Common Sense And Memes Are Viruses To The New World Order. 
• Gaps In Electoral College Tiebreaker Rules Could Bring Constitutional Crisis.
• Disney Exposed? VP Admits On Hidden Camera That Company Refuses To Hire 'White Males'.
• "Here In Ten Days": Dust Plume From Africa Headed To US Gulf Coast.
• LEGO Produces 'Pride' Video With Drag Queens And Furries.
• US-Built Gaza Pier To Be Dismantled Early Amid Ongoing Failures.
• Paxton Warns Texas Schools Not To Comply With Title IX Transgender Rules Or Face Legal Action.
• Hackers Demand CDK Pay Millions In Ransom To End Auto-Dealer Cyberattack.
• David Stockman On The Ukrainian Border War Folly.
• Judge Judy Says Trump's NYC Hush Money Trial Was "Nonsense" And She "Resents" It As A Taxpayer.
• What Chinese AI Tells Us About The Semi Market.
• Gold Is Goldman's Preferred US Presidential Election Inflation Hedge.
• Hundreds Of Thousands Of Americans Are Going "Off Grid" In Anticipation Of What Is Coming.
• DHS 'Intelligence Experts Group' Classified Military Service, Religion, & Trump-Support As Indicators Of Domestic Extremism & Terrorism.
• Affordability, Charging-Infrastructure, & Range-Anxiety Continue To Keep Americans From Fully Embracing EVs.
• "Never Would Have Happened": Trump Talks Ukraine, Nato, And Hints At "The Next AI Trade" In Explosive Interview.
• Leader Of Maryland LGBTQ+ Dems Caught In Alleged Pedo Sting, Trying To Meet With Young Boy.
• BBC Climate Disinformation Reporter Attacks Kenyan Farmer.
• Cancer-Drug Costs Skyrocket, Leaving Even Insured Patients In Financial Ruin.
• Geopolitics And Demand Growth Underpin Need For Commonsense Energy Policies.
• House Committee Forms Group To Tackle CCP's Role In Fentanyl Crisis.
• You Will Be Tagged... And You Will Love It.
• California Legalized Drugs; Cartels Took It Over...
• Supreme Court Broadens Use Of Expert Testimony Against Accused Criminals.
• Say Their Names: Young American Women Are Being Raped & Murdered By Illegal Aliens.
• Nearly Half Of US EV Drivers Consider Switching Back To Gas Vehicles: McKinsey Study.
• Putin Issues Ominous Nuclear Triad Expansion Warning.
• The Game Theory Of Biden's Replacement And Trump's VP Pick.
• Ukrainian Drone Swarms Target Four Russian Refineries In Major Attack.
• The Anxiety Economy.
• Markets chop on quad witching and Flash PMI day - Newsquawk US Market Wrap.
• Crude Pops, Gold Drops, Crypto Flops As NVDA Suffers Worst Week In 2 Months.

Wall Street Journal:

• GOP Plan for Democratic Convention: Bash Chicago as a Mess.
• The 2025 ‘Tax Armageddon’. Democrats in Congress say they’ll hold middle-class tax cuts hostage to a huge overall tax increase. 
• Apple, Meta Have Discussed an AI Partnership.
• The Rise of Chinese EVs Is Dividing the West.
• Young Voters No Longer Get a Charge Out of the Biden Presidency. Most can’t afford a home, and many are struggling to find work. They can’t even sell their used EVs.
• With Pen and Paper in Hand, Car Dealers Improvise as Cyber Outage Persists.
• It’s the Summer of the Finance Bro.
• AI Doesn’t Kill Jobs? Tell That to Freelancers.
• What Happens When Migrants Arrive in America’s Suburbs?
• When Hospital Prices Go Up, Local Economies Take a Hit.
• Taiwan Wants a Drone Army—but China Makes the Drones It Wants.

Barron's:

• Had bullish commentary on (NKE).

CNBC:  

• Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans.
• The stock market is in its longest stretch without a 2% sell-off since the financial crisis.
• Top Wall Street analysts recommend these stocks for the long haul.

MarketWatch.com:  

• Junk bonds are beating the broader market so far in 2024 — but watch this shift.
• UPS sells its Coyote Logistics business to RXO for $1 billion.
• Wall Street sees corporate profit margins creeping toward 2021 levels, as three household names prep earnings.
• Investors poured a record amount of money into technology funds lasts week.

NewsMax:

• Trump: Biden 'Dragging Us Toward WWIII'; I'll Build US 'Iron Dome'.
• Netanyahu Again Claims Biden Withholding Arms Shipments.
• Netanyahu: Winding Down in Gaza; Lebanon War Could Be Next.

Fox News:

• Entrepreneur's reality check to White House on Biden's economy.

TheGatewayPundit.com:

• Explosive Study Once Removed by Lancet within 24 Hours, Now Peer-Reviewed and Public: Reveals 74% of Deaths Directly Linked to COVID-19 Shot.
• Texas AG Ken Paxton on Impact of Biden’s Illegal Aliens: “The Plan From the Beginning, Get These People Here As Fast as Possible and Get Them Voting” (VIDEO).
• FBI Seeks Suspects Behind New Mexico Fires, Refuting Climate Change Narrative.
• Former White House Physician Ronny Jackson: “I Will be Sending a Letter Demanding That Biden Submit to a Drug Test Before and After This Debate” (VIDEO).
• Mayor Adams’ Budget Pushes Permanent Taxpayer-Funded Spending for ‘Migrant Crisis’.
• Several States Including Arizona Allow Illegals to Vote in Presidential Elections with No Proof of Citizenship Needed – Elon Musk Weighs In.
• JUST IN: Left-Wing Fact Checker Snopes FINALLY Admits Trump Did NOT Praise Neo-Nazis or White Nationalists as “Very Fine People” in Charlottesville Hoax.
• Family of 12-Year-Old Texas Girl Murdered by Venezuelan Immigrants Receives Massive Support from Americans, Surpasses GoFundME Goal in Matter of Hours.
• HUGE! Kash Patel Drops a Bomb — British Court Reveals Paul Ryan Was the First One to Receive a Copy of Steele Dossier Back in 2016 and He Hid This For Years! (VIDEO).
• Developing: Trump Enters Landslide-Victory Territory in Blowout New Rasmussen Poll.
• YIKES… How Embarrassing! Trump Had Thousands More Supporters at His Bronx Rally than AOC and Jamaal Bowman.
• China Buying Up Land Near Strategic US Military Bases, 19 American Locations Potentially Compromised.
• REVEALED: Amazon Complied With Demands From Biden Regime to Censor Books Critical of Big Pharma.
• Fox News Steps Up to Make Sure You Won’t Have to Turn on CNN to Watch the Upcoming Debate.
• Virgin Atlantic Boeing Jet’s Windshield ‘Cracked At An Altitude of 40,000 Feet’ During flight From Heathrow To San Francisco.
• “These Illegal Barbarians Have Not Come This Far – to Stop Now… They’re Only Going to Be Stopped When They Get Stopped” – Steve Bannon Predicts Trump Will be Sent to Prison by Lawless Merchan.
• A Shocking 1 Million Illegal Aliens Admitted into US By Biden Regime Under CBP One App and CHNV Parole Program.
• Why Shelf-Stable Beef Will Be an Extremely Valuable Commodity in the Near Future.
• WATCH: Rachel Morin’s Mother Slams Biden Regime’s Shameful Response to Daughter’s Murder by Illegal Alien: “THEY DON’T VALUE LIFE”.
• Ted Cruz Puts Trump’s Tax Idea Into Bill Form, Quickly Gets Support from Fellow Republicans
• Two Venezuelan Illegal Aliens Arrested for Murdering 12 Year Old Girl in Texas (VIDEO).
• Father of 13-Year-old Girl Allegedly Brutalized in Broad Daylight by Ecuadorian Illegal in NYC Blasts Biden’s Open Border: ‘This is What Happens’.
• White House Issues Shameful Statements in Response to Illegal Aliens’ Murders of Rachel Morin and 12-Year-Old Jocelyn Nungaray.

The Epoch Times:

• Taiwan Says CCP Has No Jurisdiction to Threaten Independence Supporters With Death Penalty.

Around X:

• @BGatesIsaPsycho

• Elon Musk - “Sachs knows what he’s talking about”. Also Sachs schooling Piers on Ukraine & Russia - never seen the man so silent. This doesn’t even cover the child trafficking, bio-laboratories & genocide in the Donbas. Anyone attacking Farage for speaking the truth should be shown this. (video)
• Bees are essential to eco-systems everywhere & they’re dying at an alarming rate. Scientists tested Bees & found they had 70x more the normal aluminium in their system. You all know why….. (video)

• @wideawake_media

• During yesterday's Euro 2024 match between Ukraine and Slovakia, Ukrainian fans held up a flag emblazoned with the words "GIVE US ELECTIONS BACK", in protest against the undemocratic and tyrannical Zelensky regime. The Western establishment's ludicrous Ukraine narrative is crumbling all over the place.
• "If we had a pandemic of anything, it was a pandemic of propaganda, a pandemic of lies and a pandemic of testing." Neil Oliver: "I'm not persuaded that there ever was anything novel called 'Covid'. Covid came and influenza vanished. All the people that were traditionally in their tens or hundreds of thousands every winter [that] would die of the flu? Nobody's dying of flu. What, this is now 'Covid'? That's kind of convenient." (video)

• @Resist_CBDC
  

• Wait a minute. How can everywhere be warming faster than all the other every wheres? Unless all MSM is a pay-op. (video)

• @JamesMelville 

• 4 years ago, we couldn’t even mourn our loved ones properly. A son moved his chair next to his mother to comfort her at the funeral of her late husband. He was told to distance from her. This sort of horrendous inhumanity must never happen again. (video)

• @WallStreetSilv

• The US govt has changed how they calculate inflation multiple times since the 1970s. This was done intentionally to make inflation seem lower than reality. Why? so that cost of living adjustments to Social Security are lower each year. The govt reduces what they pay over time. The CPI data now massively underreports actual inflation that is occurring in our economy. The statisticians have basically made CPI completely fake. (graph)

• @VigilantFox

• Kevin O’Leary Explains Why Biden Is Doomed. “Inflation always hurts the incumbent.” • “Your buying power has been eroded by 30%.” • Meat prices up 38%. • Energy costs up 20%. • Housing prices through the roof. “You don’t care about anything except the fact that you’re getting squeezed ... That’s it. That’s what matters. That’s what the debate’s about. Everything else [is] interesting — not as important.” (video)

• @WallStreetApes
  

• I Hope This Makes The Idaho Water Shutoff To Farmers Real For People. Idaho is fining Farmers $300 PER ACRE for using water. Farmers are already declaring bankruptcy. Here are 2 farmers from eastern Idaho who have just received their water shutoff orders. (video)
• There Has Never Been A Government This Corrupt. Joe Biden’s Energy Secretary Granholm Has Dark Money Connections To Foreign Billionaires & Energy Department Executives Are Trading Stocks In Companies THEY REGULATE. Senator Josh Hawley: “Meanwhile, your Energy Department, executives in your Energy Department, are trading stocks in companies that they have direct oversight over, and you were too.” (video)
• Congressman Brian Mast Says All The Quiet Parts Out Loud. - We’re funding Atheism overseas - We’re directly funding the Taliban - No one can account for the money being sent overseas - Falsely labeling money being sent overseas - None of the aid has made it to the people of Gaza - Out of 144 partners receiving tax payer money only 65 even respond to the Inspector General “about where the US taxpayer dollars were being spent” and so much more, this is absolutely INSANE. 
• Rep Anna Paulina Luna Posted “Merrick Garland is now calling Republican members of congress pressuring them to NOT vote for inherent contempt”. ‌ If hes not held accountable we know why. ‌ Members of Congress are “Terrified of Intel Agencies Planting Kiddie Porn on their Computers”. (video)
• Things Are About To Get A LOT WORSE America. NEW “They're building a bridge in the Darien gap to make it easier for the NGOs and the WHO and the UN and the rest of them to drive people into the United States from the South”. MORE HUGE MASS ILLEGAL IMMIGRATION COMING. (video)

• @WarClandestine

• Western MSM are very upset about this interview. Why? Because Farage is calling out the foundational lie that is keeping NATO’s entire narrative afloat. Once the broader public realize that “NATO/EU expansionism” started the conflict in Ukraine, the charade is over. (video)

• @SteveLovesAmmo
  

• This video clip can’t be shared enough. Barack Obama literally on video encouraging illegal criminal aliens to vote in American elections. And people still think Joe Biden is in charge. (video)
• If there was ever a video for you to boycott Disney, here it is. (video)

• @amuse

• OPEN BORDER: Why is Biden giving new identities to Chinese nationals who enter the US illegally he KNOWS must have both a passport and an exit visa to leave China? Why would Biden facilitate this invasion?
• ELECTION INTERFERENCE: The Democrats are working so hard to 'save democracy' they're prosecuting Trump in four jurisdictions, preventing the leading 3rd party presidential candidate from debating, and now they're suing to remove him from the ballot in states like Nevada.

• @WesternLensman

• Flashback, 2015: Bernie Sanders calls open borders a “right-wing proposal." Says unchecked immigration would “make everybody in America poorer” and would be “doing away with the concept of a nation state…I don’t think there’s any country in the world that believes in that." “We’ve got to work with the rest of the industrialized world to address the problems of international poverty, but you don’t do that by making people in this country even poorer." (video)

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,011,672 Reports(+1,127 from prior report) Through May 31st, 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 indices are -.75% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 99.5 + basis point.
  
• China Sovereign CDS 67.25 +.75 basis point.
• China Iron Ore Spot 103.4 USD/Metric Tonne -1.7%.
  
• Bloomberg Emerging Markets Currency Index 39.0 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 58.3 +2.4%.
• Volatility Index(VIX) futures 14.8 +2.1%. 
• Euro Stoxx 50 futures -.36%.
• S&P 500 futures -.23%.
• NASDAQ 100 futures -.27%.

Morning Preview Links

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

Thursday Watch

Today's Headlines

Bloomberg:  

• Japan’s Exports Grow Most Since 2022 on Boost from Weak Yen.
• Hedging Versus Yen Rise by Japan’s Insurers Falls to Decade Low.
• China Will Struggle to Undo US Dominance. 
• Vietnam Welcomes Putin in Boost to Ties, Ignoring US Criticism.
• European Stocks Struggle to Build on US Tech Rally. 
• Oil Steadies as Brent’s Volatility Subsides to a Multiyear Low.
• Fed Officials Urge Patience on Rate Cuts, Offer Hints on Timing. 
• Car Dealerships Across US Halt Services After Cyberattack.
• Hedge Fund Talent Schools Are Looking for the Perfect Trader. 
• The Dirty Secret Behind Electric Cars.
• Citi Sees AI Displacing More Finance Jobs Than Any Other Sector.
• Five Things You Need to Know to Start Your Day: Asia.

Zero Hedge: 

• The Problem With Juneteenth.
• The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses.
• "Taking Our Extra Time": Boeing Delays Starliner's Return To Earth Amid Thruster Issues.
• Japan To Issue Bonds With Shorter Maturities As BOJ Begins Tapering QE.
• Jim Jordan Weighs In On House Resolution Nullifying Bannon, Navarro Charges.
• Juneteenth News Round Up - Newsquawk Asia-Pac Market Open.
• 'This Is Noah' - The Short Story Of A Fentanyl-Addicted Child In Utopian Hellhole San Francisco.
• What Recession: NYC Targets Crackdown On $250 To $1000 Dinner Reservation Resellers.
• Modi's Nod To Closer Ties With Taiwan Suggests India's Evolving 'Act East Policy'.
• White House Fuming, Cancels Meeting With Israelis, After Netanyahu's Public Scolding.
• Dell, SMC, Nvidia To Build Elon Musk's Grok Supercomputer In Memphis.
• Snitches Give Stitches: Oregon Moves To Make Reporting Microaggressions Mandatory For Doctors.
• Ecuador Suspends China Visa Deal Amid Flood Of US-Bound Migrants.
• The Woke Movement Is Actually Corporate Enslavement – The Culture War Is A Fight To Stop It.
• Muddy Waters' Carson Block Makes Bullish Bet On Mining Stocks.
• Soaring SOX - From Oversold to Overbought.
• Democrats Play The Blame Game On Rent Inflation.
• Putin & Kim Sign Pact Vowing Mutual Defense If Attacked.
• Expensive Incompetence: US Giving Up On $230 Million Gaza Air Pier.
• US Markets May Be Closed But Tech Stocks Continue To Melt Up.
• Germany Moves Closer To AfD Ban, Green Claims Party Is "Security Risk For People & Democracy".
• Ryanair CEO: "It's A Complete Scam, These People Are Not Refugees".
• Macron's Idiotic Ukraine Policies Have Paved Way For Triumph Of The French Right.
• APAC stocks mostly firmer, DXY & Crude contained; UK CPI due - Newsquawk Europe Market Open.
• How (And Why) Bird Flu Is About To Enter The "Mass Testing" Phase.
• Loper Bright Enterprises V. Raimondo: The Supreme Court Battle Against The Administrative State.
• Sullivan Greenlights Ukraine Cross-Border Attacks Beyond Kharkiv Region With US Arms.
• Not A Single American Has Received Biden's High-Speed Internet Despite $42.5 Billion Funding In 2021: FCC Commissioner.
• Kansas Sues Pfizer, Says Company 'Misled' Public On COVID-19 Vaccine.
• Ozempic Fuels 'Downsize Me' Trend As Slimmed Down Americans Hunt For New Clothes.
• "We're Currently Watching The Collapse" Of The Daily Beast As 70% Of Unionized Staffers 'Gutted'.
• Are Pump-Prices About To Surge Again? API Reports Gasoline Inventory Draw. 
• On The Edge Of The Programmable Ledger: CBDCs. 
• The Glue Binding Democracy And A Free Economy Has Melted.

Wall Street Journal:

• Nvidia’s Ascent to Most Valuable Company Echoes Dot-Com Boom.
• ‘I Felt Shameful and Fearful’: Teen Who Saw AI Fake Nudes of Herself Speaks Out.
• At $25 Each, Cigarettes Are Turning Gaza Aid Trucks Into Targets.
• Reversing a Credit-Card Charge Has Never Been Easier—or More Abused.
• Soaring U.S. Debt Is a Spending Problem. Revenue is stable, but outlays are reaching new heights as a share of GDP.
• Russia Says It Is Awaiting U.S. Response on Prisoner Swap.
• Regional Banks Want to Slim Down. Hedge Funds Smell a Bargain.
• The Four-Day Workweek: How It’s Working at Two Companies.
• Xi Signals More Military Purges in Call for Corruption Crackdown.

CNBC:  

• OpenAI co-founder Ilya Sutskever announces his new AI startup, Safe Superintelligence.
• Mortgage demand flattens even as interest rates hit the lowest level since March.
• Family films led by ‘Inside Out 2’ could reignite the box office.
• Russia and North Korea sign partnership deal that includes mutual defense pact, Putin says.
• Israel warns Lebanon of prospect of ‘all-out war’ as U.S. seeks to de-escalate hostilities.
• Advertising is now a ‘meritocracy’ in the wake of social media, Resy co-founder Gary Vaynerchuk says.

MarketWatch.com:  

• U.S. stocks remain a sweet spot at the half-year mark, says Société Générale.
• Juneteenth stock-market pause precedes potential end-of-week trading flurry. What investors need to know.
• France and U.K. elections loom. One of them may be a big problem for markets.

NewsMax:

• Kansas AG: Pfizer Must Come Clean on Vaccines.

Fox News:  

• Fox News Poll: Biden-Trump matchup tilts toward one candidate.

TheGatewayPundit.com:

• ‘I Will Endeavor to Stay Alive’: Elon Musk Reveals There Were Two Failed Assassination Attempts Against Him.
• MI Senator Goes OFF on Dirty Democrats After They Pass Bills Making It Impossible For Board of Canvassers To Investigate Election Fraud in Crooked State of MI [VIDEO].
• Courtroom Gasps After Ecuadorian Illegal Alien Who Raped 13-Year-Old NYC Girl Claims He Recorded the Attack.
• EXCLUSIVE: Before Transferring to DA Bragg’s Office, Biden DOJ Bad Actor Matthew Colangelo Shut Down All 2020 Election Investigations.
• GOP Reps. Introduce Resolution Without Senate Approval to Nullify Subpoenas for Bannon, Navarro, Scavino, and Meadows — Declare January 6th Committee Illegitimate.
• Biden Regime Sends FBI to Intimidate Nurse Who Blew the Whistle on Texas Children’s Hospital’s Child Sex-Change Program (VIDEO).
• Mayorkas Callously Denies Responsibility For Illegal Alien Who Crossed Biden’s Open Border and Murdered Maryland Mother-of-Five Rachel Morin (VIDEO).
• Solar Co. Collapses, Customers Furious as Dems’ Favorite Power Source Leaves Homeowners High and Dry.
• Milei To Implement Hardcore Security Measures Inspired by El Salvador’s Bukele to Combat Criminal Gangs.
• Climate Cultists Vandalize 3,500 Year-Old Rock Formations at Stonehenge to Battle Global Warming.
• Joe Biden and Kamala the Cackler Parade Cast of Queer Eye Inside the White House as World Burns.
• Non-Violent J6er Julio Baquero III, Diagnosed With Stage 4 Gastric Cancer While in the Gulags, Has Passed Away.
• Former Major Fundraiser for Obama Deserts Democrats and is Now Backing Donald Trump (VIDEO).
• REPORT: City of Seattle Now Recruiting Illegal Immigrants to Become Police Officers.
• Mark Cuban Embarrasses Himself with Reality-Denying Attempt to Defend Biden Amid Backlash.
• ANOTHER ONE: EV Start-Up Fisker Files For Bankruptcy.
• BOOM! PRESIDENT TRUMP Is Up 18 Points in Bellwether Iowa! – Makes You Wonder What His Real Numbers are in Neighboring Minnesota and Wisconsin?

The Epoch Times:

• Chinese Nuclear-Powered Submarine Surfaces in Taiwan Strait.
• US Approves New $360 Million Arms Sale to Taiwan for Drones, Related Equipment.
• China on Track to Lose 15,000 Millionaires in 2024: Report.

Around X:

• @WallStreetSilv

• California’s $20 minimum wage “Boomerang” wipes out tens of thousands of jobs and hikes prices on customers who were already struggling. Chipotle is now planning another 9% price hike in California — it’s 5th hike in 2 years. One study put the additional cost at $250,000 per outlet. And with 80% of consumers already seeing fast food as a luxury, they simply can’t pay it. Many locations are shutting down — especially in California’s heIIscape cities. Those who remain are investing in kiosks or machines to replace the workers for good. Government's own research shows minimum wages kiII jobs and hike prices. But they keep doing it. (video)

• @WallStreetApes
  

• There’s A Very Real Possibility Of Gavin Newsom Entering The 2024 Presidential Race Due To Joe Biden Being Brain Dead. Tucker explains the truth about Newsom running for President and that California elections are rigged for him. Tucker Carlson “I know Gavin Newsom. You know, I think a lot about Gavin Newsom, many different things about Gavin Newsom. But one thing I know for a fact about Gavin Newsom is he has the capacity to beat a lie detector test. (video)

• @stkirsch
  

• New Zealand Rugby Star Dies Suddenly Aged 25 After Reported 'Medical Event'. I have never seen so many of these events in my entire life. And I’m 67 years old.
  

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,011,672 Reports(+1,127 from prior report) Through May 31st, 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 indices are -.5% to +.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 98.75 -1.5 basis points.
  
• China Sovereign CDS 66.5 -.75 basis point.
• China Iron Ore Spot 107.8 USD/Metric Tonne +.6%.
  
• Bloomberg Emerging Markets Currency Index 39.3 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 60.1 +2.4%.
• Volatility Index(VIX) futures 14.3 -.3%. 
• Euro Stoxx 50 futures -.02%.
• S&P 500 futures +.12%.
• NASDAQ 100 futures +.28%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and financial 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.

Evening Headlines

Around X:

• @elonmusk

• The federal government is spending America into oblivion.

• @BGatesIsaPsycho

• Last month May was Chemtrail awareness month in the UK. A lot of awareness was raised over the daily poisoning of our skies - in fact it was such a success that the Official Chemtrail Awareness Board has decided to make EVERY Month Chemtrail awareness month. Raise some awareness & help stop the spraying of aerosols in our atmosphere. (video)

• @P_McCulloughMD

• BREAKING--Kansas sues Pfizer over 'misrepresentations' and 'adverse events' of COVID-19 vaccine. Kansas AG Kris Kobach alleges Pfizer violated the state's Consumer Protection Act. When it rains it pours for Pfizer and the failed Pfizer-BioNTech COVID-19 mRNA Vaccine. (video)
• When we are told a bird or mammal "tested positive" for H5N1 we better hear the cycle threshold value (should be < 38 ct) and the results of confirmatory testing. False positive mass testing on farms is expected with the VetMax Test controlled by government agents.

• @JamesMelville
  

• A cashless society is exactly what controlling governments and corporations want. Lets take back some control. Use old school cash and create local circular economies wherever possible. (pic)

• @Kylenabecker
  

• CNN election expert sees a tidal wave of black voters turning away from President Biden. "We are careening towards a historic performance for a Republican presidential candidate the likes of which we have not seen in SIX DECADES." "I'm like speechless."

• @WallStreetApes

• With All The Posts Going Viral Questioning If Joe Biden Is Being Impersonated Using CIA Mask Technology, Now’s The Perfect Time To Share The CIA Talking About Wearing Full Face Masks To “Walk around as someone else”. In this clip, The “Chief of Disguise for very high level agencies”, including the CIA meets with President George W Bush. She talks about wearing full face masks so they could “Walk around as someone else”. This was broadcasted to the entire world. (video)
• Footage & Details From January 6th You Were Never Shown. Capitol Police Lieutenant EXPOSES who was behind the setup. Jan 6th, everyone who “walked on that grass right there, didn't know they were breaking the law. Because all the restricted zone signs had been taken down”. “They were set up. That was deliberate”. Former Capitol Police Lieutenant Tarik "TK" Johnson “If everybody was there for the purpose of violence, if everybody was there for the purpose of taking over the US capital, we couldn't have stopped them because there were just too many people. (video)
  

• @VigilantFox 

• Shark Tank’s Kevin O’Leary Rips Into California Governor Gavin Newsom. “He decimated this place!” O’Leary accuses Newsom of turning California into “a version of Venezuela” and “killing business” in “everything.” This harsh reality is clear, says O’Leary: “He’s a bad manager! He’s decimated this place. I’ve been coming here [California] for 15 years. This is a shell of what it used to be.” (video)

• @stkirsch
  

• Since January 2024 in sports alone. This never used to happen at this level for athletes . Apparently, nobody is interested in investigating the cause. (pic)

• @newstart_2024

• David Krayden about Canada’s new Online Harms Bill: "It even has a thought crimes component. You can actually be held at house arrest with a bracelet on your ankle because somebody down the street thinks you might say something hateful, because they just suspect you of being that sort of person...This is Trudeau’s obsession with keeping people’s mouths shut and not opposing his regime, his dictatorship. (video)
• German MEP Christine Anderson: "The ones that have been trying to convince you to know everything about this novel virus and how we fight it are the same one that are now trying to tell you we're all gonna die of climate change. No we're not. It's ridiculous what they're doing. This is just another scheme of getting as much money away from the taxpayer as possible and once again pumping it into globally acting corporations. (video)
• Scary... Aaron Rodgers: "Get off my computer, get off my cameras, get off my ring camera, take down all this stupid f... CCTV cameras everywhere that are watching everything, because the next step to all off this is China and...social credit scores and entire life monitored...How does corruption take form when it's so obvious? It's slow movements, it's like barely inching towards total corruption and obedience, where you don't really see it coming, next thing you know: I have no other option but to get a chip in my hand or have a social credit score that allows me to fly on a plane. (video)

• @BillMelugin_
  

• NEW: Back in Jacumba, CA this morning, where we just witnessed this group of dozens of Chinese nationals cross illegally. (video)

• @WarClandestine

• According to the Financial Times, back in April of 2023, Chinese President Xi told EU President Ursula Von Der Leyen, that the US tried to bait China into attacking Taiwan.