Bull Radar

Style Outperformer:

• Large-Cap Growth +1.2%
  

Sector Outperformers:

• 1) Disk Drives +2.9% 2) Computer Hardware +2.7% 3) Gambling +2.7%

Stocks Rising on Unusual Volume:

• AAN, XPOF, MIRM, ASTS, OLLI, SMCI, VSCO, DKNG, ADSK, HUT, WHD, FLUT, DELL, BIO, GE, AVGO, SUN, QTRX, TSLA, PLTR, MU, BBY, GLW, CIM, STLD, AMKR, ORLY, ICUI, CNK, CAVA, SIX, DRI, ANET, LMND, HIMS, MSM, CMG, CLX and CRS
  

Stocks With Unusual Call Option Activity:

• 1) LEN 2) IEF 3) TTC 4) GRND 5) SLS

Stocks With Most Positive News Mentions:

• 1) MBIO 2) MIRM 3) BBY 4) AITX 5) AVGO
  

Sector ETFs With Most Positive Money Flow:

• 1) XLV 2) XLE 3) XLU 4) JETS 5) VGT
  

Charts:

• ETFs Rising on Unusual Volume
• Stocks Rising on Unusual Volume

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

Earnings of Note 
Company/Estimate 

Before the Open:

• (CRMT)/.20
• (PDCO)/.82
  

After the Close: 

• (KBH)/1.80

Economic Releases

8:30 am EST

• NY Fed Services Business Activity Index for June.
• Retail Sales Advance MoM for May is estimated to rise +.3% versus unch. in April.
• Retail Sales Ex Autos MoM for May is estimated to rise +.2% versus a +.2% gain in April.
• Retail Sales Ex Autos and Gas for May is estimated to rise +.4% versus a -.1% decline in April.
  

9:15 am EST

• Industrial Production MoM for May is estimated to rise +.3% versus unch. in April.
• Capacity Utilization for May is estimated to rise to 78.6% versus 78.4% in April.
• Manufacturing Production for May is estimated to rise +.3% versus a -.3% decline in April.

10:00 am EST

• Business Inventories for April is estimated to rise +.3% versus a -.1% decline in March.

4:00 pm EST

• Net Long-Term TIC Flows for April.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Barkin speaking, Fed's Kugler speaking, Fed's Goolsbee speaking, Fed's Musalem speaking, Fed's Collins speaking, Fed's Logan speaking, Atlanta Fed GDPNow 2Q update, 20Y T-Note auction, JPMorgan Energy/Power/Renewables conference, weekly US retail sales reports, API weekly crude oil stock report, (ADSK) annual meeting, (SQ) annual meeting, (WDAY) annual meeting, (CRWD) annual meeting and the (MA) general meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -21.0% Below 100-Day Average 
• Nasdaq/NYSE Volume Ratio 14.9 +2.6
  
• 4 Sectors Declining, 7 Sectors Rising
• 29.7% of Issues Advancing, 67.8% Declining 
• TRIN/Arms .85 -37.0%
  
• Non-Block Money Flow -$161.6M
  
• 38 New 52-Week Highs, 94 New Lows
• 50.2% (-1.8%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 45.0 +3.0
  

Other:

• Bloomberg Global Risk-On/Risk-Off Index 59.5 +1.1%
• Bloomberg Cyclicals/Defensives Index 235.8 +.6%
  
• Russell 1000: Growth/Value 21,085.9 +.3%
• CNN Fear & Greed Index 41.0 (FEAR) +3.0
  
• 1-Day Vix 8.7 -16.6%
  
• Vix 12.7 +.2%
  
• Total Put/Call .82 -10.9%

Monday Watch

Around X:

• @libsoftiktok

• Biden spent $320M of our tax dollars on this floating Gaza pier which lasted 12 days. Biden gave each family in Hawaii $700 after their entire lives, businesses, and homes were burned to a crisp. (video)
  

• @LeadingReport

• BREAKING: U.S. Senate Armed Services Committee's intends to require women to register for Selective Service as part of the National Defense Authorization Act for FY25.

• @wideawake_media

• MIC DROP: Peter Hitchens utterly eviscerates Net Zero, to the dismay of BBC Question Time panellists and audience members. "We didn't just close down our coal fired power stations, we blew them up, we were so certain we were right to do so. At the same time, China is building the equivalent of two new coal fired power stations a week. India has a vast expansion programme of coal fired power stations." (video)
• Stanley Johnson—the depopulation-obsessed father of Boris Johnson—admits it's "part of the national plan" that people will be forbidden from travelling by plane, under the guise of tackling "climate change". "If that means, actually, some of us are told 'well you can't go on a plane', that's fine. That's part of the national plan." (video)
  

• @TheMilkBarTV
  

• "No-one forced anyone to get the COVID jab" says all the people that forced everyone to get the COVID jab. (video)

• @JamesMelville 

• USA. “Cloud seeding is booming. We’ve been manipulating weather for a very long time. We’ve been doing this since the 1940s.” ~ ABC News
• During the Covid era, 129 billion masks that could not be biodegraded were used and thrown away every month. Over 3 billion masks now pollute the oceans. And yet, this is not openly discussed by so many politicians and self-styled environmentalists. (pic)

• @KanekoaTheGreat

• MUST WATCH: Watch this crucial 20-minute video featuring prominent Democrats, computer science professors, and election security experts discussing the vulnerabilities in America's election system. They warn that the system is online, easily hackable, and often operates on outdated Windows 7 or older systems. Key Points:

• @newstart_2024

• The Gates Foundation continues to bankroll various initiatives around the world aimed at introducing digital ID and payments by the end of this decade. The scheme is known as the digital public infrastructure (DPI), and those pushing it include private or informal groups like the said foundation and the World Economic Forum (WEF), but also the US, the EU, and the UN.
• A new study has revealed that fake “meat” products such as Bill Gates’s lab-grown “beef” are linked to cardiovascular diseases and heart failure-related deaths.
  

• @zerohedge

• "Alt-Protein": Pentagon Contractor Wants To Feed US Troops Lab-Grown Meat To "Reduce CO2 Footprint"

• @WallStreetSilv

• This is a huge red flag for OpenAI. Former head of the National Security Agency, retired Gen. Paul Nakasone has joined OpenAI. Anyone using OpenAI going forward, you just need to understand that the US govt has full operating control and influence over this app. There is no other reason to add someone like that to your company.

• @VigilantFox

• Elon Musk Issues Urgent Warning for Humanity. “If there are no humans, there’s no humanity.” Musk says that we should be “very concerned” about imploding birth rates, which are “accelerating in most countries.” But it’s what he said next that was very telling. “In the sort of extreme form of the environmentalist movement, people start to view humans as a PLAGUE on the surface of the earth, as a fundamentally bad thing, and with the implication that if all humans disappeared, somehow earth would be better off.” Musk described this as “The Extinctionist Movement.” (video)
  

• @OvertonLive

• TRUMP: “We want a LANDSLIDE that is TOO BIG TO RIG! ——There’s a point at which that can’t cheat.” (video)

• @WallStreetApes
  

• Idaho Potato Farmer Breaks Down The Idaho Water Shutoff. “The State of Idaho and the Idaho Department of Water Resources is issued this curtailment of 500,000 acres. To help put that in perspective, that's basically 781 square miles of farm ground being taken out of production”. (video)
  
• The Devastating Affects Of The Idaho Farmland Water Shutoff. UPDATE: “I've talked to the Governor, and the Governor's position is he can't do anything about this”. (video)
• HERE WE GO. Proof Illegal Migrants Signed Up To Vote. “After inviting millions of illegals into this country over three and a half years, the Alabama Secretary of State says he's got evidence that the Biden Admin is working to now sign these people up to vote in his State”. (video)
  

• @WarClandestine

• Hey Biden voters, Once there are no Ukrainians left to fight Russia, who do you think Biden and NATO intend to send over there? The House just passed a bill to automatically register males 18-25 for the draft, and they are working on adding females to the list too. Awake yet?

• @BehizyTweets
  

• BREAKING: Democrat County Commissioner Taral Patel in Fort Bend, Texas was just arrested and charged for creating a fake Facebook account & posting racist comments on himself to make it appear like his Republican challenger was a racist. Is this guy the next Jussie Smollett?
• WATCH: Silicon Valley Billionaire Chamath Palihapitiya says the media's portrayal of Trump has been a LIE and reveals that seeing Trump speak in person completely changed his view of him. (video)

• @amuse

• ELECTION INTEGRITY: Next week Biden will announce mass amnesty for illegals, yesterday we learned that illegals in 49 states are getting voter registration forms, next week the House will pass a bill requiring proof of citizenship to vote - Democrats will block it.

• @P_McCulloughMD

• One vaccine death was too many. When autopsy confirmed vaccine fatalities were published in children, pediatric societies should have had emergency meetings, updates, and warnings sent out to parents. Why did the pediatric community (doctors, physician assistants, nurses, counselors, front office staff) fail to protect children? (pic)

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 -1.0% to unch. on average.
• Asia Ex-Japan Investment Grade CDS Index 99.75 +2.5 basis points.
  
• China Sovereign CDS 68.25 +3.0 basis points.
• China Iron Ore Spot 106.4 USD/Metric Tonne -.9%.
  
• Bloomberg Emerging Markets Currency Index 39.1 unch.
• Bloomberg Global Risk-On/Risk Off Index 59.2 +.7%.
• Volatility Index(VIX) futures 14.3 -.7%. 
• Euro Stoxx 50 futures +.29%.
• S&P 500 futures -.02%.
• NASDAQ 100 futures +.08%.

Morning Preview Links

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

Today's Headlines

Bloomberg:

• French Chaos Poses Little Contagion Risk to Europe Bond Rally.
• The Market Is Blowing Off What the Fed Is Saying About Rates.
• Goldman Sachs Boosts S&P 500 Target on Upbeat Profit Outlook.
• Junk Bonds From Asia Beat Most Everything Else: Credit Weekly.
• Yes, Everyone Really Is Sick a Lot More Often After Covid.

Zero Hedge:

• Military Draft Coming? House Passes Measure To Automatically Register Men For Selective Service.
  
• Macron Has Gambled... And Lost. 
• "No Place in the Public Discourse": The Connecticut Bar Association Warns Lawyers Critical Of Trump Prosecutions.
• House Passes $883 Billion Annual Defense Bill With Anti-DEI Amendments.
• War On Nation's Food Supply?: Idaho Restricts Water To 500,000 Acres Of Farmland.
• Goldman's "Weapons Of Choice" Into A Noisy Summer.
• Attention Cash-Strapped Americans: Goldman Finds Top Supermarket Offering The Best Grocery Deals.
• Americans Must Criticize Our Corrupt Courts.
• Judge Rules Against Michigan’s Absentee Ballot Signature Presumption Rule.
• Beyond Bad: Fake Meat And Other 'Ultra Processed' Vegan Food Linked To Heart Disease, Early Death.
• Visualizing The World's Oldest And Youngest Countries By Median Age.
• CDC: New COVID Variant KP.3 On The Rise Across The US.
• Tech Insider Explains Why Some In Silicon Valley Are Turning To Trump.
• France Lilliput.
• High Hedge Fund Hesitation. Part II.
• How to get to 6300 in S&P500.
• Austrian Right-Wing Party Wants To Appoint A 'Remigration Commissioner'.
• Teflon Tech vs European Chaos.
• Mondelez Says Oreo Cookie Prices Won't Be Hiked Despite Cocoa Chaos In West Africa.
• Nashville Shooter’s Manifesto Released Despite FBI Resistance.
• Alex Jones Ordered To Liquidate Personal Assets, But Infowars Lives To Fight Another Day.
• NIH Documents Show $1.6 Billion Long COVID Initiative So Far Falls Short Of Goals.
• Top Tech Trio Melts Up To Record High As Rest Of Market, Europe Burns.
• DOJ Won’t Pursue Criminal Contempt Charges Against Garland.
• FDA Changes Course, Advises Updated COVID-19 Vaccines Target KP.2 Strain.
• NATO Expansion: A New Detailed Timeline. 
• Stocks mixed & Dollar bid as French Finance Minister takes the limelight - Newsquawk US Market Wrap.
• US Signs $23 Billion F-16 Deal With Turkey.
• Euro Sentiment Hits Most Bearish Level In 15 Months.
• US Nuclear Attack Sub, Canadian Warship In Cuba Just Behind Russian Naval Group
• "Alt-Protein": Pentagon Contractor Wants To Feed US Troops Lab-Grown Meat To "Reduce CO2 Footprint".

Wall Street Journal:   

• Top CEOs Are Flocking to Trump Again in Bid to Shape Agenda.
• Southwest Changed Flying. Now It Can’t Change Fast Enough.
• Look Who the EPA Is Funding Now. Inflation Reduction Act money is paying groups that want to abolish ICE.
• Why Democrats Keep Losing the Battle for Small-Town America.
• Pensions Piled Into Private Equity. Now They Can’t Get Out.
• Biden Campaign Needs Younger Voters—and Younger Celebrity Backers.
• Gen Z Palestinians See Door Slamming Shut on Coexistence With Israel.
• California Is Finally Awash in Water, but Its Farmers Can’t Get It.

Barron's:

• Had bullish commentary on (SBUX), (TSM), (HXSCL) and  (SSNHZ).

CNBC:

• The unloved stock market rally: Why so many investors find it hard to embrace this run to records.
• Nvidia CEO Jensen Huang: One of the most ‘profound learnings in my life’ came from a gardener.
• As Social Security faces looming fund depletion, there’s debate over whether a commission can help.
• Friday’s trading could trigger a $10 billion rush of demand for Nvidia shares. Here’s how.
• The salary a single person needs to make ends meet in every U.S. state.

MarketWatch.com:

• As Nvidia soars, the stock market’s deflated laggards spark concern.
• These stock sectors have fallen enough to start looking attractive, chart watcher says.
• This spot-on recession indicator is flashing red.
• ‘Don’t sell a dull market short’ is the advice stock investors need right now.
•  Worried you missed the Nvidia bandwagon? Here are some alternatives. 
• Will Nvidia spur a stock-split frenzy? Why companies have been waiting longer to split.

NewsMax:

• Donald Trump at Turning Point: 'Michigan Was Better Off With Trump'.
• 8 Israeli Soldiers Killed in Deadliest Attack in Gaza in Months.
• Poll: Most Palestinians 'Satisfied' With Hamas Terror War.

Fox News:

• Sheriff sends stern message to White House after illegal immigrant charged with raping, killing mother of five.
• At least 9 people wounded in Michigan water park shooting, police in standoff with suspect.

TheGatewayPundit.com: 

• BREAKING: House of Representatives Passes Bill for Automatic Military Draft Registration of Young Men Between 18 and 26.
• Building an Election Watchdog Army: RNC Co-Chair Lara Trump Announces New Program to Train 100,000 Poll Workers and 500 Lawyers to Safeguard 2024 Election in November
• British-Montengrin Soccer Star Dies Suddenly Aged 26 – Collapsed In His Apartment.
• President Trump Takes the Stage to Thunderous Applause in Detroit, Michigan: “We are Going to Evict the Biden Crime Family From the White House!” (VIDEO).
• Cuban Missile Crisis 2.0? After Russian Nuclear Sub ‘Kazan’ Arrives in Havana, US Navy Sends Fast Attack Submarine USS Helena to Guantanamo Bay in Show of Force (VIDEOS).
• WATCH: Rep. Marjorie Taylor Greene Vows to Do Everything She Can to Lock Fauci Up for ‘Crimes Against Humanity’.
• American Heart Association Says Six in Ten Adults May Suffer from Heart Disease Over the Next 30 Years.
• Vaccine-Injured Pharmacist Breaks Down Into Tears Testifying Before Ohio State Senate
• CNN Releases New Rules for Upcoming Trump-Biden Debate on June 27 in Atlanta.
• While Chicago Schools Fail Students, Teachers Union Demands Climate Action Contract.
• WATCH: Biden Camp Panics, Demands Social Media Censor ‘Out of Context’ Video of Joe Biden Wandering Off at G7 Summit – Then a Longer Clip Emerges and It’s Much Worse.
• HERE WE GO AGAIN: The Same FBI That Plotted Whitmer Kidnapping Psyop Charges Man for Allegedly Plotting a Mass Shooting With Undercover Informants to “Incite a Race War” Before Election (VIDEO).
• Victor Reacts: Liberals Claim “No One Needs AR-15s” This is Why They Are Wrong (VIDEO).
• Rep. Anna Paulina Luna Says ‘Inherent Contempt’ Vote Will Be Brought to House Floor Forcing Sgt. of Arms to Arrest Merrick Garland After DOJ Declines Prosecution.
• 8-Year-Old Girl Dies on Skywest Flight After Suffering Medical Emergency from Missouri to Chicago.
• Ukrainian President Zelensky Rejects Putin’s Peace Offer Calling the Offer an Ultimatum Message.
• UNBELIEVABLE! LA City Council Removes ‘No U-Turn’ Signs in Gay Neighborhood, Claiming They’re Homophobic (VIDEO).
• NEW: Federal Judge Orders Liquidation of Alex Jones’ Personal Assets.
• DEPLORABLE: Radical Leftist Georgia Senator Raphael Warnock Launches Despicable Attack on Christian Trump Supporters During Interview (AUDIO).
• CALLS FOR JUSTICE: Criminal Referral Requests Against Anthony Fauci, Deborah Birx, Rochelle Walensky, and Other Public Health Officials Have Been Submitted to District Attorneys in Louisiana.
• Florida Governor Ron DeSantis Slams Joe Biden’s ‘Posture of Weakness’ for Presence of Russian Warships Off Florida’s Coast, Says Adversaries Will Not Be Deterred ‘By a President Wandering Around Aimlessly at the G7’ (Video).
• Hilarious: “White Savior” Tries to Warn Blacks About MAGA Event in Detroit They Were Heading to!

Epoch Times:

• Rubio Introduces Bill to Expose ‘Wealth and Corrupt Activities’ of CCP Leaders.
• Poverty in China Is Rising.
• CCP Grooming Dictators in Developing Countries Through ‘Business Training’ Programs: Report.

Around X:

• @JamesMelville
  

• Bill Gates has given $319 million to media outlets. Including: NPR: $24,663,066 The Guardian: $12,951,391 Der Spiegel: $5,437,294 NBC: $4,373,500 Le Monde: $4,014,512 BBC: $3,668,657 CNN: $3,600,000 The media won’t bite the hand that feeds them.
  

• @VigilantFox 

• RFK JR: “Tony Fauci Knew That Remdesivir Would Kill You”. “How does it kill you?” he asked. “Kidney failure, heart failure, and all-organ collapse.” “All the doctors said ... ‘We’ve never seen a virus that attacks the kidneys.’ Because it wasn’t the virus; it was the remdesivir.”

• @PeterSweden7

• IT HAS BEGUN. New biometric payments where you pay by SCANNING your eyes and face on the machine has been launched in Europe. A few years ago this was called a crazy "conspiracy theory". Yet here we are.

• @IGSquawk 

• Weekend markets update: #DAX 17993 -0.01% #DOW 38535 +0.00% #NASDAQ 19671 -0.02% #FTSE 8169 -0.02% #HANGSENG 17789 -0.11% #USDJPY 15742.6 -0.03% #EURUSD 10698 -0.03% #GBPUSD 12687.9 +0.01%.

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.

Stocks Slightly Lower into Final Hour on US Policy-Induced Stagflation Fears, Rising European Debt Angst, Earnings Outlook Worries, Alt Energy/Transport Sector Weakness

Broad Equity Market Tone:

• Advance/Decline Line: Substantially Lower
  

• Sector Performance: Almost Every Sector Declining
  

• Volume: Below Average

• Market Leading Stocks: Underperforming
  

Equity Investor Angst:

• Volatility(VIX) 12.6 +5.1%
• DJIA Intraday % Swing .73 +5.2%
  
• Bloomberg Global Risk On/Risk Off Index 58.2 -4.5%

• Euro/Yen Carry Return Index 184.3 -.2%

• Emerging Markets Currency Volatility(VXY) 7.7 +2.1%

• CBOE S&P 500 Implied Correlation Index 9.7 +5.1% 

• ISE Sentiment Index 133.0 -4.0
  

• Total Put/Call .99 -2.0%

• NYSE Arms 1.31 -2.2%
  
• NYSE Non-Block Money Flow -$359.3M 
  

Credit Investor Angst:

• North American Investment Grade CDS Index 53.5 +4.8%
  

• US Energy High-Yield OAS 292.1 +4.7%
• Bloomberg TRACE # Distressed Bonds Traded 288 -12
  

• European Financial Sector CDS Index 74.6 +16.2%
  
• Deutsche Bank Subordinated 5Y Credit Default Swap 187.5 +7.2%
  

• Italian/German 10Y Yld Spread 157.0 basis points +10.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 98.7 +3.4%
  

• Emerging Market CDS Index 171.0 +2.6%
  
• Israel Sovereign CDS 124.8 +1.5%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 24.86 -.06%

• 2-Year SOFR Swap Spread -16.25 basis points -1.75 basis points
  

• Treasury Repo 3M T-Bill Spread 6.75 basis points -.25 basis point
  

• 3-Month EUR/USD Cross-Currency Basis Swap -6.0 -1.5 basis points
  
• MBS  5/10 Treasury Spread 145.0 +4.0 basis points
  
• Bloomberg CMBS Investment Grade Bbb Average OAS 724.0 unch.
  
• Avg. Auto ABS OAS 60.0 +2.0 basis point
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 39.0 -.81%
• 3-Month T-Bill Yield 5.38% unch.
  

• China Iron Ore Spot 107.0 USD/Metric Tonne -.4%
• Dutch TTF Nat Gas(European benchmark) 35.4 euros/megawatt-hour -1.0%

• Citi US Economic Surprise Index -19.9 -5.7 points

• Citi Eurozone Economic Surprise Index 25.4 -.2 point

• Citi Emerging Markets Economic Surprise Index 6.2 unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(499 of 500 reporting) +7.9% +.1 percentage point
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 259.10 +.20:  Growth Rate +13.6% +.1 percentage point, P/E 20.9 unch.
  
• S&P 500 Current Year Estimated Profit Margin 12.83% unch.
  
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +52.9% unch.
  
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 333.94 +1.82: Growth Rate +24.5% +.7 percentage point, P/E 33.5 unch.
  
• Bloomberg US Financial Conditions Index 1.04 -5.0 basis points
  
• Bloomberg Euro-Zone Financial Conditions Index .82 -19.0 basis points
  
• US Yield Curve -47.5 basis points (2s/10s) -2.75 basis points
  
• US Atlanta Fed 2Q GDPNow Forecast +3.1% unch.
  
• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 55.7% +5.5 percentage points
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +2.56% unch.: CPI YoY +3.15% unch.
  
• 10-Year TIPS Spread 2.18 -4.0 basis points
  
• Highest target rate probability for Sept. 18th FOMC meeting: 59.9%(-1.2 percentage points) chance of 5.0%-5.25%. Highest target rate probability for Nov. 7th meeting: 47.2%(-2.5 percentage points) chance of 5.0%-5.25%.
  

Overseas Futures:

• Nikkei 225 Futures: Indicating -344 open in Japan 
• China A50 Futures: Indicating -48 open in China

• DAX Futures: Indicating +10 open in Germany

Portfolio:

• Slightly Lower:  On losses in my biotech/industrial/consumer discretionary sector longs
  

• Disclosed Trades: None
  

• Market Exposure: 100% Net Long