Tuesday Watch

Evening Headlines

Bloomberg:

• Modi Awaits Fate as Indian Markets Already Cheer Third Term Win.
• Mexican Peso Extends Loss to 2% After Landslide Election Win.
• Bond Yields Slide on US Data; Asian Stocks to Fall.
• Oil Holds Near Four-Month Low as OPEC+ Plan Spurs Supply Concern.
• Traders Push Treasuries Higher as Data Reinforces Fed Cut Bets.
• Andrew Left, Burned in 2021 Meme Mania, Is Short GameStop Again.
• Short Sellers in Danger of Extinction After Crushing Stock Gains. 
• Five Things You Need to Know to Start Your Day: Asia.

Zerohedge:  

• Fauci Squirms During GOP Grilling Over COVID, Pandemic Response.
• Post-Conviction Polls Show Increase In Support For Trump.
• Cycling Has Shifted To A Higher Gear Since COVID.
• Software Update "Glitch" Blamed For NYSE Market Break That Sparked Berkshire Wipe Out, Trading Halt Cascade.
• Hedge Funds Dump Chinese Stocks At The Fastest Pace In Almost A Year
• Magnesium Deficiency Linked To Metabolic Syndrome – Here's How To Boost Intake.
• Trump Makes Big Promise On Gaza War To UFC Superstar Khabib.
• The India Stock Story Is More Than Just What Happens This Week.
• Massive Australian Truck Convoy Protests Live Sheep Export Ban.
• Shorts In Hibernation.
• Rubio's Coastal Grill Closing 48 Locations In California Due To "Rising Costs Of Business In The State".
• US stocks ultimately finished the Monday session mixed. Growth fears initially weighed on sentiment after the US Manufacturing ISM headline fell by more than expected - Newsquawk Asia-Pac Market Open.
• "The Ninnies Of Biden-World Seem Not To Understand...".
• Stocks chop and yields flop after soft ISM - Newsquawk US Market Wrap.
• Stocks Slide, Bonds Bid As Crude Crumbles.
• Rand Paul Warns Of "War In The Streets" Coming From Trump Verdict.

Wall Street Journal:

• Mexico Ruling Party’s Election Sweep Spooks Markets.
• Biden to Issue Order on Southern Border, Limiting Asylum.
• In America, Anyone Can Be a Felon. People who mouth the cliché that ‘no one is above the law’ should be careful what they wish for.
• Now the Trump Jurors Can Be Told. Without the limits placed on witness testimony, they can now learn why the case was faulty. 
• New York Set to Restrict Social-Media Algorithms for Teens.
• Hunter Biden’s Trial: Crack Cocaine, a Colt Cobra Revolver and an Alleged Lie.
• The U.S. Gave Chip Makers Billions. Now Comes the Hard Part.
• Retailers Hate That You Buy Big Things on Your Laptop.
• 35 Years After Tiananmen, China’s Conduct Again Triggers Alarm.
• China Is ‘Prepositioning’ for Future Cyberattacks—and the New NSA Chief Is Worried.

CNBC.com:

• Jim Cramer explains why Dell is a buy on the dip.
• Google cuts at least 100 jobs across fast-growing cloud unit, sources say.
• Microsoft confirms layoffs in mixed reality but will keep selling its HoloLens 2 headsets.
• Trump campaign and RNC say they raised $141 million in May.
• Spotify raises prices of premium subscription plans.
• Jeffrey Epstein victim sues psychiatrist Henry Jarecki for alleged rape, sex trafficking.
  

MarketWatch.com: 

• Investors tempted by latest meme-stock rally should see these charts before jumping in.
• Mexican peso, ETFs slammed after ruling party’s election win. Here’s what’s worrying investors. 
• Nvidia speeds up its AI-chip roadmap, next-generation Rubin platform coming in 2026.

Newsmax:  

• Biden to Veto 'Partisan' GOP Bill That Would Fund the VA.
• Rep. McCormick: Would 'Love to See' Fauci Jailed.

Fox News:

• White House hopeful RFK Jr. wants Americans to pay dramatically more for a gallon of gas.
• Trump camp reveals explosive May fundraising haul after New York guilty verdict.

TheGatewayPundit.com:

• WATCH: Triggered Democrats Send Hearing into Chaos When Marjorie Taylor Greene Refuses to Address “Mr. Fauci” as ‘Doctor’ While Ripping Him Over His Evil Experiments and Lies.
• LEGEND: J6er Who was Sentenced to Three Years in Prison Steals the Show During Fauci Hearing — His Reaction to Fauci’s Alleged Threat Discussion Will Have You Rolling! (VIDEO).
• Jury Selected on Hunter’s Federal Trial Jury — Potential Juror Dismissed for Believing Trump is a Victim of Political Persecution and Unequal Treatment.
• Activision’s ‘Call of Duty’ Video Game Offers Transgender Bullets, Rainbow Themed Assault Weapons For Pride Month.
• Sandy Hook Families Ask Judge To Liquidate Alex Jones’ Media Company After Feds Attempt To Shut Down Infowars.
• JUST IN: Biden Regime Indicts Epoch Times Chief Financial Officer in Alleged $67 Million ‘Money Laundering’ Scheme.
• EPIC! Marjorie Taylor Greene SNAPS! – Goes Off on George Floyd Worshipping Democrats – Calls for Fauci to Be Tried for Mass Murder and Crimes Against Humanity (VIDEO).
• ‘They Would Put Him in a Double-Wide Somewhere’ – James Comey Fantasizes About Trump Being Thrown in Jail For Non-Crimes (VIDEO).
• Clinton Judge Sentences 75-Year-Old Pro-Life Activist with ‘Significant Health Issues’ to Two Years in Prison for Peacefully Protesting Abortion Clinic.
• Dallas Cowboys Legend and Super Bowl Champion Larry Allen ‘Dies Suddenly’ at 52.
• Irrefutable Proof: New Video Exposes How Capital Police Orchestrated Stampede that Killed Roseanne Boyland on January 6.
• Jay Leno Gives Hilarious Response When Asked If He’s Done Bullet Test on Cybertruck, “Yeah, Just Drive Around L.A.” (VIDEO).
• A Leftist ‘Climate Scientist’ and COVID Pandemic Hardliner, Former Mexico City Mayor Claudia Sheinbaum Elected First Woman President of Mexico. 
• Warning: Chicago Watchdog Groups Says City is Unprepared for Protestors Ahead of DNC.
• California Sheriff ‘Changing Teams,’ Going All-In for Trump. 
• Two NYPD Officers Shot in Queens By 19-Year-Old Illegal Alien From Venezuela… Living at Taxpayer Funded Luxury Hotel!
• A BILLION VOTERS HAVE SPOKEN! Indian PM Modi Scores a Gigantic Win in the World’s Largest Democratic Election Where Voter ID Is Required, and Will Serve Historic Third Term.
• Trump Announces He Will Declassify Files on Epstein, JFK, and 9/11 (VIDEO).

The Epoch Times:

• CCP Faction Trying to Incite Chinese Leader to Attack Taiwan: Professor.
• Lawmakers Seek Status of Report From Biden Administration on Chinese Crane Threats at US Ports.

Around X:

• @TheBabylonBee

• New York Prosecutor Says Nobody In America Is Above The Law He Made Up To Convict Them.

• @libsoftiktok
  

• This woman has been in court for 4 years because she flew Trump flags near a Biden campaign bus. The Biden regime uses lawfare to come after their political opponents. (video)

• @newstart_2024

• Bret Weinstein: "When we began to spread the word about the WHO's obscene power grab, the director general released a statement. He said the unprecedented concentration of power under consideration of the WHO was not a breach of the sovereignty of our nations. He called that misinformation, because he argued our democratic governance would be working on our behalf to hand veto power over our rights and liberties to the director general... (video)
• Triangle pharmaceutical company to produce bird flu vaccines. Source: CBS 17. (video)
• Steve Kirsch: "The vaccines actually killed more people than the virus did...I'm looking forward to a day when a vaccine that has killed more than 10 million people worldwide is actually taken off the market." Source: “We Are The Change” Rally in Geneva. (video)

• @CollinRugg
  

• NEW: Shark Tank's Kevin O'Leary declares the U.S. has sunk to the level of a banana republic, warns of a financial "exodus.". The comments by O'Leary were made in a piece with the Daily Mail. Here is what he said:
• REPORT: Dr. Fauci, who is accused of lying under oath, admits he made up covid rules including social distancing & masks for children despite not having scientific data to back it up. I'm still waiting for the 'no one is above the law' crowd to go after Fauci. (pic)
• REPORT: The National Institutes of Health and its scientists received $710 *million* in royalties from the covid pandemic. Meanwhile, the 'Justice' system is trying to throw the 2024 republican candidate in prison for a bookkeeping error. (video)

• @kylenabecker

• JUST IN: @RepMTG is *NOT* going along with the Uniparty's script to let Fauci off the hook. "That man does not deserve to have a license. He belongs in prison." (video)

• @JamesMelville

• The World Health Assembly delegates have agreed to adopt the World Health Organisation (WHO) International Health Regulations Amendments and finalise the WHO Pandemic Treaty “within a year, or earlier if possible in 2024”. Nothing has been fully ratified yet. So, put pressure on your governments and politicians to fully scrutinise this, debate this and ultimately reject this undemocratic power grab by unelected technocrats. (pic)
  

• @WallStreetApes 

• Breakdown Of The 150+ Pages Of Internal COVID 19 Emails Released. This is CRAZY!! NIH (National Institute of Health) emails show high up members were actively telling each other NOT to email from their NIH email addresses to avoid Freedom of Information Act Requests!! (video)
• Almost Everything You’ve Noticed Change In America Can Be Traced Back To Barack Obama. In 1992, A Real Communist Party USA Meeting Was Held In California At The University Of Berkeley. Many Of The Attendees Ended Up Working In The Barack Obama Administration A Full Communist Agenda and how they would achieve their goal would be to “Use the environmental movement to take down the free enterprise system in America.” This should be extremely eye opening for everyone. We are living through their agenda. (video)

• @LeadingReport
  

• BREAKING: Fauci was informed that hydroxychloroquine was being effectively used to treat COVID-19 in China on March 16, 2020, yet he continued to publicly criticize the drug, according to a released email.

• @Bubblebathgirl
  

• Joe Biden said Friday that “no one is above the law.” Here’s Hunter Biden weighing crack on a scale and arguing with an underage prostįtute he hired. When’s Hunter being indicted for blatant illegal drug possession and human sęx trafficking of minors? (video)

• @BarbaraOneiLLAU
  

• SWITZERLAND IS THE FIRST COUNTRY IN THE WORLD TO BAN MAMOGRAPHY. Screening services are also suspended in parts of Canada, Italy, Scotland, and Australia. (pic)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,010,545 Reports(+992 from prior report) Through April 26th, 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 -.75% to unch. on average.

• Asia Ex-Japan Investment Grade CDS Index 95.25 -1.5 basis points.

• China Sovereign CDS 61.5 -1.0 basis point.
  
• China Iron Ore Spot 111.4 USD/Metric Tonne +1.3%.

• Bloomberg Emerging Markets Currency Index 39.8 +.03%.
• Bloomberg Global Risk-On/Risk Off Index 65.4 +1.3%.
• Volatility Index(VIX) futures 14.5 -.09%.
• Euro Stoxx 50 futures -.04%.

• S&P 500 futures +.10%.

• NASDAQ 100 futures +.09%.  

Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by commodity and industrial 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.

Stocks Slightly Lower into Final Hour on US Policy-Induced Stagflation Fears, Earnings Outlook Concerns, Technical Selling, Energy/Construction Sector Weakness

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 39.7 +.30%
• 3-Month T-Bill Yield 5.40% -1.0 basis point
  

• China Iron Ore Spot 111.1 USD/Metric Tonne +1.0%
• Dutch TTF Nat Gas(European benchmark) 36.0 euros/megawatt-hour +5.2%

• Citi US Economic Surprise Index -8.9 -1.3 points

• Citi Eurozone Economic Surprise Index 26.7 -.8 point

• Citi Emerging Markets Economic Surprise Index 11.5 -3.8 points
• S&P 500 Current Quarter EPS Growth Rate YoY(490 of 500 reporting) +7.8% unch.
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 257.82 +.34:  Growth Rate +13.1% +.2 percentage point, P/E 20.4 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.87% -1.0 basis point
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +52.9% unch.
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 329.71 +.43: Growth Rate +23.0% +.2 percentage point, P/E 31.5 -.3
  
• Bloomberg US Financial Conditions Index 1.02 unch.
  
• Bloomberg Euro-Zone Financial Conditions Index 1.01 +16.0 basis points
  
• US Yield Curve -41.75 basis points (2s/10s) -4.0 basis points
  
• US Atlanta Fed 2Q GDPNow Forecast +1.8% -170 basis points
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 47.5% +3.0 percentage points
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.69% -5.0 basis points: CPI YoY +3.36% unch.
  
• 10-Year TIPS Spread 2.33 -4.0 basis points
  
• Highest target rate probability for July 31st FOMC meeting: 85.5%(+1.7 percentage points) chance of 5.25%-5.5%. Highest target rate probability for Sept. 18th meeting: 51.4%(+4.4 percentage points) chance of 5.25%-5.5%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -313 open in Japan 
• China A50 Futures: Indicating -113 open in China

• DAX Futures: Indicating -15 open in Germany

Portfolio:

• Slightly Higher:  On gains in my biotech/consumer discretionary/tech sector longs
  

• Disclosed Trades: None
  

• Market Exposure: 100% Net Long
  

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open:

• (BBWI)/.33
• (DCI)/.83 
• (FERG)/2.31

After the Close: 

• (CRWD)/.89
• (HPE)/.39
• (PVH)/2.16
• (SFIX)/-.24
• (VRNT)/.54
  

Economic Releases

10:00 am EST

• JOLTS Job Openings for April is estimated to fall to 8350K versus 8488K in March.
• Factory Orders for April is estimated to rise +.6% versus a +.8% gain in March.
• Factory Orders Ex Transports for April is estimated to rise +.5% versus a +.4% gain in March.
• Final Durable Goods revisions for April.
  

Upcoming Splits 

• None of note
  

Other Potential Market Movers

• The weekly US retail sales reports, weekly API crude oil stock report, IBD/TIPP Economic Optimism Index, American Society of Clinical Oncology Meeting, Deutsche Bank Consumer Conference, William Blair Growth Stock Conference, Cowen Future of Consumer Conference, Deutsche Bank Materials/Industrials Conference, Morgan Stanley Travel/Leisure Conference, BofA Housing Symposium, BofA Tech Conference, UBS Auto/Auto Tech Conference, Wolfe Research Small/Mid-Cap Conference, Jefferies Healthcare Conference, (TJX) annual meeting, (PENN) annual meeting, (CSCO) investor day, (SNOW) investor day, (APP) annual meeting, (GM) annual meeting,  and the Baird Consumer/Tech/Services Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Afternoon Market Internals

NYSE Composite Index:

• Volume Running +7.0% Above 100-Day Average 
• Nasdaq/NYSE Volume Ratio 10.6 -2.4
  
• 10 Sectors Declining, 1 Sector Rising
• 37.6% of Issues Advancing, 60.1% Declining 
• TRIN/Arms 1.37 +61.2%
  
• Non-Block Money Flow -$120.2M
  
• 108 New 52-Week Highs, 40 New Lows
• 57.5% (-2.3%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 47.0 +3.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 64.2 -3.6%
• Bloomberg Cyclicals/Defensives Index 233.4 -.62%
  
• Russell 1000: Growth/Value 19,529.4 +1.1%
• CNN Fear & Greed Index 49.0 (NEUTRAL) +1.0
  
• 1-Day Vix 11.4 +11.3%
  
• Vix 13.7 +5.9%
  
• Total Put/Call .88 -8.3%

Monday Watch

Today's Headlines

Bloomberg:  

• Mexico's Next Leader to Grapple with Surging Gang Violence.
• AI Fever Lures $2.7 Billion Foreign Funds Back to Taiwanese Stocks. 
• Seven Percent of European Firms Face Restructuring Pressure.
• Asian Stocks Eye Early Gains as Rate Cut Bets Firm.
• Oil Falls After OPEC+ Signals Plan to Return Barrels to Market.
• Key Engines of US Consumer Spending Are Losing Steam All at Once.
• Mnuchin Chases Wall Street Glory With His War Chest of Foreign Money.
• Five Key Charts to Watch in Global Commodity Markets This Week.

Zero Hedge: 

• Trump Campaign Raises Staggering $200 Million Since Thursday Conviction.
• Hartnett: This Is Where We Are Seeing Signs Of An Impending Debt Crunch.
• Hedge Fund CIO On The Next Leg: "It'll Be Parabolic. The Talking Heads Will Go Nuts. VIX Will Hit 10".
• Morgan Stanley Counters Hartnett's Gloom, Sees "A Revitalized Japan".
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• A "Restaurant Apocalypse" Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy.
• Making Over $141K, Minneapolis Mayor Thanks Biden For Student Loan Forgiveness.
• The Ideological Battle Behind The US Debt Crisis.
• "Nothing To Do With World Events": Two Unarmed Minuteman III ICBMs Slated For Launch Next Week.
• Netanyahu Accepts Johnson's Invitation - First Foreign Leader To Address Congress A 4th Time.
• Boeing Enters 'New Territory' With Federal Probe, Possible Criminal Charges.
• OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025.
• The Deepfake Privilege? The Justice Department Makes Startling Claim To Withhold the Biden-Hur Audiotape.
• Alex Jones Repels Ambush Seizure Of Infowars, Sleeps In Studio As Monday Court Date Looms.
• State Supreme Courts Take Up COVID-19 Vaccine Cases.
• OpenAI And Political Bias In Silicon Valley.
• Watch Dave Smith Burn Chris Cuomo To The Ground In Epic Covid Debate.
• How Much Money Is Lost To Cybercrime?
• GDP Vs GDI Why The Huge Discrepancy And Which Is The Better Measure Of The Economy?
• Where Are The Largest Oil Reserves?
• Is Ukraine Going Rogue Or Did It Attack Russia's Early Warning Systems With American Approval?
• TME Weekend: How Underweight Magnificent 7 Are You? 
• 1 In 9 Children In The US Diagnosed With ADHD, COVID-19 A Potential Factor.
• These Are The World's Largest Armies In 2024.
• Alex Soros Gives Dems Propaganda Blueprint For "Convicted Felon" Trump Amid Party Infighting.
• Elevated Risk Of Epilepsy, Appendicitis In Children After COVID-19 Vaccination: Study.
• "Democracy Is On The Ballot": California Democrats Seek To Prevent Voters From Approving New Taxes.
• Trump's 'Coal Country' Could Supply Nation With 40% Of Lithium Demand.
• Global Cocoa Shortage Much Worse Than Previously Forecasted As Prices Surge.
• Strong Indian Purchases Push Asia's Crude Imports To One-Year High.
• What A China-Taiwan Conflict Could Mean For Semiconductors, Gold.
• US Drivers Overwhelmingly Prefer Gasoline Cars To EVs. 
• Why Consumers Are Angry About The Economy In Five Pictures.
• Three Quarters Of US Voters Say Country Is "Out Of Control" Under Biden; New Poll Finds. 
• Electricity Demand May Cure Debt Concerns. 
• Desperate, Lying Biden May Abuse AI To Pull The Ultimate Race Hoax.

Wall Street Journal:

• Elon Musk and Jamie Dimon Are Making Peace.
• Why Republicans Hate the Trump Verdict. Even those who dislike the former President see a case of legal and political malpractice.
• Democrats’ ‘Stop the Steal’ Campaign. They prefer to scapegoat businesses for inflation rather than concede that their policies caused it. 
• ‘She Hooked Me’: How an Online Scam Cost a Senior Citizen His Life’s Savings.
• U.S. Presses Two-Lane Diplomacy on Gaza.
• Republicans Call Judicial System ‘Weaponized’ After Conviction.
• First to Charge a Former President, He Now Weighs Seeking to Imprison One.
• Skydance Offer Gives Paramount Shareholders Option to Cash Out at Roughly $15 a Share.
• Waste Management Near Deal to Buy Stericycle.
• How America Inadvertently Created an ‘Axis of Evasion’ Led by China.
• AI Fake Nudes Are Now a Frightening Reality for Teens.

CNBC:  

• Nvidia announces new AI chips months after latest launch as market competition heats up.
• Ukraine’s Zelenskyy accuses China of helping Russia to disrupt upcoming peace summit.
• OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says.
• Why there’s a massive copper shortage.

MarketWatch.com:  

• Stocks are up but investor behavior is ‘fragile.’ Is the bull market still in its early stages? 
• Nvidia speeds up its AI-chip roadmap, next-generation Rubin platform coming in 2026.
• Want to measure the ‘vibecession’? Start by looking at how much money Americans can save right now.

NewsMax:

• Biden Admin Gives 'Mass Amnesty,' NY Post Reports.
• Pete King: Trump Case a 'Terrible Abuse'.
• Rep. Zinke: Trump Verdict Erodes the Constitution.

Fox News:

• US Navy Special Forces page sparks outrage with latest 'woke' move.
• Mayor proudly thanks Biden for his taxpayer-funded student loan handout.
• OPEC's decision on oil production could hit Americans' wallets and impact the election.

TheGatewayPundit.com:

• 34 REASONS the Bragg-Biden Show Trial Should Have Been TOSSED OUT — Each One Alone Providing Grounds for a Mistrial.
• President Trump Reveals that He is Prepared to Go to Jail (VIDEO).
• Stanford, Silicon Valley, and the Rise of the Censorship Industrial Complex.
• GOP Rep. Calls on RNC To Move Convention and Nominate Trump on July 4th – A Week Before Deranged Judge Merchan’s Sentencing (VIDEO).
• Inexcusable: Biden’s Pentagon “Mistakenly” Celebrates LGBTQ Pride Month in a PTSD Awareness Social Media Post.
• ‘They Want Trump Dead’ — Democrat Rep. Bennie Thompson Pushes ‘DISGRACED Act’ to Strip Trump of Secret Service Protection if He Goes to Prison.
• UFC 302 Erupts with Patriotic Fury: Crowd Cheers ‘F—k Joe Biden’ and ‘We Want Trump’ in Defiant Stand Against Current Administration (VIDEO).
• SORRY LEFTISTS: Former Obama Adviser David Axelrod Says Idea of Replacing Joe Biden on 2024 Ticket is a ‘Fantasy’ (VIDEO).
• Melinda Gates is Now Largest “Catholic” Donor to Pro-Abortion Causes.
• As Chicago Burns, Alderman Will No Longer Share Crime Alerts With Constituents Because They Create a Bad ‘Perception’.
• New Dallas Mavericks Majority Owner and Casino Billionaire Miriam Adelson to Donate into Trump Super PAC.
• Bill Melugin-Over 3,500 Chinese Illegal Aliens Caught Crossing Southern Border in May, 98 Percent in San Diego Sector.
• ‘THIS IS LONDON, NOT LONDONISTAN’: Tommy Robinson Leads Huge Patriotic Rally in Central London to Oppose Mass Immigration.

The Epoch Times:

• CCP’s Spying Operations in Western Countries Exposed.
• Convictions of Hong Kong Activists Show Beijing’s Contempt for Democracy, Say Human Rights Groups.

Around X:

• @EmeraldRobinson
  

• Too many Christians in the modern world have been told to tolerate evil rather than fight it. In fact, nothing has done more harm to Christianity than the false gospel of “tolerance.” The cowardice and silence of the Christian majority in America must end.

• @greg_price11

• Never forget that Alvin Bragg lowered 60% of all felonies to misdemeanors in his jurisdiction last year. Let that sink in: 60% of all people arrested for felonies got their charges lowered by Alvin. But for Donald Trump, he elevated a misdemeanor to felony by claiming he committed a second crime that doesn't exist. If you stabbed somebody on the street in Manhattan, you were more likely to get off with a misdemeanor from Alvin Bragg than Donald Trump.

• @TheChiefNerd
  

• “Myocarditis and pericarditis only occur after vaccination and not after COVID-19 infection, according to a recent preprint led by researchers at Oxford University, which compared health outcomes among COVID-vaccinated and unvaccinated children.

• @JamesMelville 

• The World Health Assembly delegates have agreed to adopt the World Health Organisation (WHO) International Health Regulations Amendments and finalise the WHO Pandemic Treaty “within a year, or earlier if possible in 2024”. Nothing has been fully ratified yet. So, put pressure on your governments and politicians to fully scrutinise this, debate this and ultimately reject this undemocratic power grab by unelected technocrats.
• “Bill Gates has done more damage to the world's health than probably any other individual." ~ Professor Angus Dalgleish (professor of oncology at St George's, University of London) (video)

• @KanekoaTheGreat

• Donald Trump gets a standing ovation at UFC 302 after being convicted of a made-up crime in a kangaroo court led by a corrupt judge. Trump raised over $50 million yesterday. @JoeRogan: "The round of applause he's getting right now is pretty staggering."

• @newstart_2024

• When you realize the so-called anti-vaxxers were right all along... Annette Bosworth, M.D. (Dr. Boz): "Spike proteins are not supposed to be inside us at all. The people who had Covid didn't have spike proteins found in their cardiac tissues. The people who had the vaccinations, the ones who had this messenger RNA made a protein and then they made the protein and didn't have the off button. They're now found at autopsy in the cells of cardiac tissues...What part in this did I play? First of all, how do you say: I'm sorry to all of you that've been putting comments in my videos for like a year. (video)@WallStreetApes

• @VigilantNews

• George Orwell once said, “Journalism is printing what someone else does not want printed: everything else is public relations.” As the media runs cover for the likes of Big Pharma, 𝕏 users are doing real journalism. Here are 20 truth-tellers they don’t want you to follow.

• @AmyMek
  

• Conquered... Hamas floods the streets of France to show their power and let Gazans know they have seized control of another city... The city of Lyon is already one-third Islamic. What does this mean for non-Muslims!? Well, there are constant stabbings, rapes, shootings, churches destroyed, priests attacked, mortar fire, cars burned, and fires set throughout Lyon to remind the French they have been conquered. The metro stations are like war zones; non-muslim children are assaulted at schools, women are no longer safe in the streets, and Jews have had to flee the area. (video)

• @CollinRugg

• NEW: Shark Tank's Kevin O'Leary declares the U.S. has sunk to the level of a banana republic, warns of a financial "exodus." The comments by O'Leary were made in a piece with the Daily Mail. Here is what he said: (video)

• @toobaffled
  

• A Japanese preprint study warned of risks in transfusing blood from COVID vaccine recipients to other patients, indicating it may cause significant health risks, including death. The researchers also call for safety measures to screen and secure the world’s blood supply.

OpenVAERS: 

• VAERS US COVID Vaccine Adverse Event Reports. 1,010,545 Reports(+992 from prior report) Through April 26th, 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 +.25% to +1.25% on average.
• Asia Ex-Japan Investment Grade CDS Index 96.75 +1.25 basis points.
  
• China Sovereign CDS 62.5 +.75 basis point.
• China Iron Ore Spot 114.1 USD/Metric Tonne -1.2%.
  
• Bloomberg Emerging Markets Currency Index 39.6 +.06%.
• Bloomberg Global Risk-On/Risk Off Index 67.3 +1.3%.
• Volatility Index(VIX) futures 14.4 -1.6%. 
• Euro Stoxx 50 futures +.96%.
• S&P 500 futures +.23%.
• NASDAQ 100 futures +.24%.

Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial 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 week.

Today's Headlines

Barron's:

• Had bullish commentary on (WDFC).

Around X:

• @BGatesIsaPsycho

• Breaking Japan Protests. The Japanese are out in force today in Tokyo to protest The World Health Organisation Pandemic Accord & their Globalist Power Grab. Japan is truly awake to this & also the damages caused by the experimental mRNA Jabs as they lead the way on studies related to their deadly impact on the population. (video)

• @Songpinganq

• In the most remote area of China, every 30 meters there are at least one CCTV camera ready to catch your 'misbehaviors', which could lead to decrease in your social credit score. (video)

• @TuckerCarlson

• Donald Trump Jr. on his father’s conviction. (video)

• @libsoftiktok

• This blow-up bear in bondage gear is sitting outside the @CrownePlaza in Disney Springs. We called the hotel and they told us it was for a private pride event but that the bear will remain up throughout the entire weekend. @CrownePlaza why are you subjecting young children to looking at a bondage teddy bear? Disgusting..
  

• @JackPosobiec
  

• This is Gary Gensler. He was the Hillary official who oversaw filing payments for the fake Steele Dossier as 'legal expenses'. He is now the Chairman of the SEC.
• Massive kids YouTuber Ms. Rachel invites Dylan Mulvaney to appear on ‘Songs for Littles’ show.
  

• @LaraLogan

• These traitors committed to getting rid of all cattle by 2040. The cattle industry has taken a knee to the globalists & they are doing the bidding of their major shareholders - Blackrock, Vanguard, State St & their political partners in the WHO, WWF etc.

• @thehealthb0t

• Another Dangerous Chemical Has Been Approved By The EPA In 2023. Being Sprayed On The Food Right Now in the US. (video)

• @wideawake_media

• Geologist, Prof. Ian Plimer, on the climate hoax: "The whole thing is a scientific house of cards." "For some years, I have been pursuing leading scientists with a fundamental question, and that is: 'Can you please show me half a dozen scientific papers that demonstrate that human emissions of carbon dioxide drive global warming?'... I've never had an answer." (video)
• Greenpeace co-founder, Dr. Patrick Moore: "It is so stupidly ridiculous to say that a 1.5 degree Celsius increase in global atmospheric temperature is going to be a disaster. As a matter of fact, it will open up vast areas of farmland that were too cold before." "In the Eocene Thermal Maximum, the temperature was at least five to seven degrees Celsius warmer than it is now, maybe even more. And at the same time CO2 was going in the exact opposite direction... There is no clear relationship."

• @TaraBull808

• NEW TRUMP AD! Share this everywhere!! (video)
  

• @ChuckCallesto

• BREAKING REPORT: Senior Russian security official Dmitry Medvedev signals WAR WITH NATO if Ukraine strikes inside Russia with US weapons..DEVELOPING..

• @WallStreetApes

• One Of The Most Important & Relevant Tucker Carlson Clips. ‌ “Clearly, the people who run things see the rest of us as slaves. That's obvious to me. I can't imagine it could be more obvious. It's crystal clear. They don't seek consensus. ‌ They're not interested in the public's opinion. The overlap between the list of things that people care about in this country and the list of things that Congress and the White House actually do, There's none. There's no overlap at all. (video)
• Just connect the dots here. This was 100% political. People like myself flee our countries and come to United States for a better life, whether it's from poverty, political prosecution, or government corruption. And unfortunately, people who are campaigning in the name of democracy are doing the complete opposite. You may be happy right now because this is happening to Donald Trump, but if this becomes a norm, have a huge problem. And imagine, if they can do something like this to someone who's as powerful as Donald Trump, what they can do to you. And you'll end up like us, wanting to flee your country to somewhere else for a better life.” (video)

• @WallStreetSilv

• They want to guarantee endless funding for Ukraine before Trump takes office. American taxpayers should not be funding all of these foreign wars. This is INSANE.

• @VigilantFox 

• Here are 15 COVID “conspiracy theories” that turned out to be true. (video)
  

• @TPostMillennial

• BREAKING: Thousands of Londoners break out in Trump chants as they rally for Donald Trump to save Western civilization "His leadership is needed to save the West." (video)

• @newstart_2024

• Jimmy Dore: "Bill Gates is now genetically modifying mosquitoes and he's releasing them out to the public...So when a mosquito bites you, that's called uninformed consent to a medical treatment as far as I'm concerned. If you're genetically altering mosquitoes to do some kind of thing and then a mosquito bites me, because you genetically altered, I'm not giving my informed consent to that. (video)
• WHO Director General dr. Tedros: "The serious challenge that's posed by anti-vaxxers and I think we need to strategize to really push back because vaccines work, vaccines affect adults and we have science, evidence on our side. I think it's time to be more aggressive in pushing back on anti-vaxxers. I think they use Covid as an opportunity and you know all the havoc they're creating..." (video)

• @Rasmussen_Poll

• Yes, we'd rig a trial, but we would never rig an election. (table)
• Durham: Obama and Biden sat in this August 3, 2016 Situation Room briefing and said, yeah, let's let the highest officials in our administration fabricate criminal evidence to frame the opposing party presidential candidate Donald Trump.

• @PeterSweden7

• BOMBSHELL NEWS. Dr. Fauci just admitted during a hearing that there was no scientific evidence to support face masks or social distancing. The truth is coming out.

• @CollinRugg

• NEW: Alvin Bragg's former colleague and current CNN legal analyst is calling out the rigged Trump case, even accusing Judge Juan Merchan of violating the law. Elie Honig says the trial "blew his mind" as he called it an "unjustified mess."

• @ReturnOfKappy

• Ladies be careful out there….. Criminals will try everything…. (video)

• @IGSquawk 

• Weekend markets update: #DAX 18592 +0.04% #DOW 38722 +0.01% #NASDAQ 18540 +0.12% #FTSE 8306 -0.01% #HANGSENG 18253 -0.03% #GBPUSD 12742 0.00% #EURUSD 10850 0.00% #USDJPY 15729 0.00%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 1,010,545 Reports(+992 from prior report) Through April 26th, 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.