Stocks Falling into Final Hour on US Policy-Induced Stagflation Fears, Fed "Higher for Longer" Worries, Earnings Outlook Concerns, Tech/Alt Energy 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) 19.9 +7.6%
• DJIA Intraday % Swing .76%
  
• Bloomberg Global Risk On/Risk Off Index 58.6 -1.0%

• Euro/Yen Carry Return Index 146.8 +.25%

• Emerging Markets Currency Volatility(VXY) 10.4 +.9%

• CBOE S&P 500 Implied Correlation Index 34.9 +3.6% 

• ISE Sentiment Index 118.0 -3.0 point
  

• Total Put/Call .87 +6.1%

• NYSE Arms 1.24 +18.1%

Credit Investor Angst:

• North American Investment Grade CDS Index 73.0 +2.1%
  

• US Energy High-Yield OAS 356.98 +1.0%
• Bloomberg TRACE # Distressed Bonds Traded 294.0 -11.0
  

• European Financial Sector CDS Index 89.19 +3.0% 
• Credit Suisse Subordinated 5Y Credit Default Swap 345.3 +4.0%
  

• Italian/German 10Y Yld Spread 188.0 basis points +2.0 basis points
  

• Asia Ex-Japan Investment Grade CDS Index 104.76 +1.4%
  

• Emerging Market CDS Index 229.0 +3.5%
  

• China Corp. High-Yield Bond USD ETF(KHYB) 27.87 -.06%

• 2-Year Swap Spread 28.25 basis points +.25 basis point
  

• TED Spread 16.0 basis points +1.75 basis points
  

• 3-Month EUR/USD Cross-Currency Basis Swap -14.5 -1.0 basis point
  
• MBS  5/10 Treasury Spread  132.0 +1.0 basis point
  
• Bloomberg US Agg CMBS Avg OAS 107.0 unch.
  
• Avg. Auto ABS OAS .70 unch.
  

Economic Gauges:

• Bloomberg Emerging Markets Currency Index 48.5 -.21%
• 3-Month T-Bill Yield 4.65% unch.
  

• China Iron Ore Spot 126.6 USD/Metric Tonne -1.2%
• Dutch TTF Nat Gas(European benchmark) 55.1 euros/megawatt-hour -.49%

• Citi US Economic Surprise Index -5.4 -2.3 points

• Citi Eurozone Economic Surprise Index 91.0 +6.8 points
  

• Citi Emerging Markets Economic Surprise Index 5.2 +1.7 points
  
• S&P 500 Blended Forward 12 Months Mean EPS Estimate 226.79 -.68:  Growth Rate +9.9% -.5 percentage point, P/E 17.8 -.1
  
• Bloomberg US Financial Conditions Index .31 -7.0 basis points
  
• Yield Curve -71.25 basis points (2s/10s) -2.5 basis points
• US Atlanta Fed 1Q GDPNow Forecast +.67% unch.
  

• Cleveland Fed Inflation Nowcast Core PCE YoY +4.30% -15.0 basis points: CPI YoY +6.39% unch.
  
• 10-Year TIPS Spread 2.30 -3.0 basis points
  
• Highest target rate probability for March 22nd FOMC meeting: 84.3%(+.1 percentage point) chance of 4.75%-5.0%. Highest target rate probability for May 3rd meeting: 51.3%(-5.6 percentage points) chance of 4.75%-5.0%.
  

US Covid-19:

• 91 new infections/100K people(last 7 days total). 5.2%(-0.0 percentage points) of 1/14/22 peak(1,740) -0/100K people from prior report.
  
• New Covid-19 patient hospital admissions per 100K population -83.2%(-3.0 percentage points) from peak 7-day avg. of 1/9/22 - 1/15/22
  

Overseas Futures:

• Nikkei 225 Futures: Indicating +26 open in Japan 
• China A50 Futures: Indicating +87 open in China

• DAX Futures: Indicating +17 open in Germany

Portfolio:

• Slightly Higher:  On gains in my index hedges and emerging market shorts
  

• Disclosed Trades:  Added to my (IWM)/(QQQ) hedges and to my emerging market shorts
  

• Market Exposure: Moved to 25% Net Long
  

Mid-Day Market Internals

NYSE Composite Index:

• Volume Running -15.3% Below 100-Day Average 
• 8 Sectors Declining, 3 Sectors Rising
• 41.8% of Issues Advancing, 54.1% Declining
• 44 New 52-Week Highs, 2 New Lows
• 56.3%(-1.4%) of Issues Above 200-day Moving Average
• Average 14-Day RSI 61.0 -2.0
  
• Bloomberg Global Risk-On/Risk-Off Index 58.8 -.7%
  
• Russell 1000: Growth/Value 14,528.9 -.66%
  
• Vix 19.8 +7.2%
• Total Put/Call .83 +1.2%
• TRIN/Arms 1.06 +.95%
  

Monday Watch

Today's Headlines

Bloomberg:                                

• Israel Vows Tough Action as Violence With Palestinians Escalates.  
• Britain’s Supermarkets and Suppliers Feuding Over Prices.
• Here’s What Can Go Wrong for Europe’s Powerful Equity Rally.
• Adani Risk Clouds Wall Street’s Star Emerging-Market Bet.  
• Ukraine Latest: Russian Missile Hit on Kharkiv Building Reported.
• Ackman Says Banks Face Too Much Liability Exposure on Adani Deal.  
• Investors Call for More Tools to Hedge China Market Risks.
• Stocks Buoyed by China Reopen; Rate Decisions Loom: Markets Wrap.  
• Oil Pushes Higher as China’s Return Poised to Spur Consumption.
• Powell’s Narrow Path Would Avoid Routes Taken by Burns, Volcker.
• Ilhan Omar Sees GOP Support for Keeping Her Foreign Affairs Seat.  
• FOMO-Fueled Tech Rally Steamrolls Over Pile of Earnings Warnings.  
• Wall Street Is Losing Out to Amateur Buyers in the Housing Slump.
• Bed Bath & Beyond Customers Confront Empty Shelves Ahead of Looming Bankruptcy. 
• Stocks Are Poised to Hit New Lows This Year, Survey of Investors Shows.  
• Historic Crash for Memory Chips Threatens to Wipe Out Earnings.
• Social Media Buzz: Djokovitz Win, Iran Drone Attack, NFL Games.  
• Your Sunday Briefing: Happy Birthday to SPY; It’s Groundhog Week.

Wall Street Journal:

• Medical Schools Bail on Academic Merit and Intellectual Rigor. Some refuse to be ranked by U.S. News, which weighs test scores and grades rather than diversity.
• Short Sellers Feel Pain in Stock Market’s Rally.
• China’s Top Nuclear-Weapons Lab Used U.S. Chips Decades After Ban.
• Toyota Rethinks EV Strategy With New CEO.
• Russia Tightens Grip Around Bakhmut as Ukraine Awaits Western Tanks.
• The Head and the Heart of Novak Djokovic.
• Israel Strikes Iran Amid International Push to Contain Tehran.
• New ‘Superbug’ Strain of Gonorrhea Is Outsmarting Most Antibiotics.
• ChatGPT Spotlights Microsoft’s Bid to Monetize AI.
• Migrant Arrests Fell by Roughly Half in January After New Enforcement Measures.
• Israel, Palestinians Caught in Escalating Cycle of Violence in Jerusalem and West Bank.
• House Speaker McCarthy and Biden Expected to Discuss Debt Ceiling.

Fox News:

• Actress known for her roles in 'Bosch,' '24,' and 'Runaways' dead at 45.
• Dr. Siegel warns of popular diabetes drug's bizarre side effect.
• Dems say they want to give government workers a pay raise for putting up with Trump’s cruelness.
• Former Twitter execs to testify before House Oversight Cmte on Hunter laptop.
• Ex-Walmart CEO issues ominous warning for Americans if Biden fails to act soon.

CNBC:

• Iran says drone attack targets defense facility in Isfahan.
• Earnings are showing signs of strain and are likely to get worse as economy slows.

Zero Hedge:     

• FDA Quietly Changes End Date For Study Of Heart Inflammation After Pfizer COVID Vaccination. 
• "It's The Perfect Storm": More Americans Can't Afford Their Car Payments Than During The Peak Of Financial Crisis.
• How Two Conflicting COVID Stories Shattered Society.
• If WW3 Breaks Out, Tanks Or Fighter Jets Won't Matter: Kremlin. 
• Raise The Social Security Age To (At Least) 75.
• Iranian Explosions: Implications And Impact On Oil.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open. 
• Millions To See Food Stamp Payment Decrease After February, Federal Agency Says.
• Massive Fire Destroys Commercial Egg Farm Belonging To Top US Supplier.
• "We Will Root Out The Deep State" - Trump Begins 2024 Campaign In New Hampshire, South Carolina.
• Rand Paul Slams Alarmist Default Rhetoric, Outlines Fiscal Reform Plan.
• Taibbi: Hamilton 68 Stealth Edits Website After Bombshell Report.
• WHO Suddenly Updates Medicines List For Nuclear Emergencies.
• Turkey Issues 'Terror Alert' To Its Citizens Traveling In West After Quran-Burnings.
• The Cost Of Living Has Become Extremely Oppressive And 57% Of Americans Cannot Afford A $1,000 Emergency Expense.
• Suspected Israeli Drone Attack Rocks Iranian Military Site.
• GOP House Promises Strict Oversight Of Ukraine Aid.
• Obama Border Chief Says Immigration Crisis 'Much Bigger' Now As 77 Democratic Lawmakers Slam Biden.
• NIH Failed To Monitor EcoHealth Alliance: Federal Watchdog.
• Macgregor: This Time It's Different.
• 'Curiouser And Curiouser' - Is Joe Biden Serving Two Masters?
• Map Reveals US Cities With Most Homeless Gen-Zers.
• Are You Really Against Fossil Fuels? Read This Before You Answer.
• What Is Going On Between Kevin McCarthy And Marjorie Taylor Greene?

MarketWatch.com:          

• ‘The Nasdaq is our favorite short.’ This market strategist sees recession and a credit crunch slamming stocks in 2023.  
• Recession watch: U.S. economy is on shaky ground.   
• Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings.   
• Meta’s ‘darkest days’ are ahead, but some analysts say ad sales are still on track.  
• McDonald’s earnings haven’t been hit by higher prices, as ‘it just seems like Americans are more upset by the change in price at grocery stores’.

NewsMax:

• Rep. Tim Burchett: DirecTV's 'Liberal, Woke Move'.
• Rep. Keith Self: AT&T DirecTV Govt's Propaganda Arm?
• Sen. Mike Lee Calls for Immediate Debt Action to Control Interest.

TheGatewayPundit.com:  

• TGP Exclusive: Service Member Karolina Stancik Speaks Out About Her Horrific Injuries, Heart Attacks, Stroke from COVID Vaccine – PLEASE DONATE BELOW.
• China Is Now Covering Project Veritas’ Investigation Into Pfizer.
• Oregon Man Wanted for Attempted Murder and Kidnapping May Be Using Dating Apps to Find More Victims, Police Warn.
• “Downhill, Disaster, Hard Times” – Under Joe Biden, 71% of Americans Say Country is on the Wrong Track: NBC Poll.
• SICK: Bearded Drag Queen Toasts To “Those Who L*ck Us Where We Pee” In Front Of Young Children At Texas Drag Show (VIDEO).
• CNN’s Dana Bash Calls Schiff Out For Being a Liar… So He Triples Down on Russia Collusion Hoax (VIDEO).
• WIN: Utah Bans Puberty Blockers, Hormones and Surgical Sex Change Procedures for Minors.
• EPIC! Novak Djokovic Breaks Down and Cries After Winning 10th Australian Open – A Year After Being Banned from Australia for Refusing Big Pharma’s Vax (VIDEO).
• President Trump Says We Need a Leader to Stand Up to the RINOs – Lindsey Graham Laughs in the Background (VIDEO).
• “Peace, Peace, Peace…the Only Republican Out There Saying He Can Get a Peace Deal Between Ukraine and Russia” – Michael Savage on President Trump’s “Electrifying” Speech in South Carolina (VIDEO).
• Shadowy UK Army Unit Spied on Country’s COVID Lockdown Critics – Members of the Secretive ‘Information Warfare’ Brigade Were Part of the Operation.
• BOOM! First Lawsuit Filed Against FDA for Withholding Dreadful Vaccine Safety Data.
• Stunning Performance by 59-Year-Old Trans Figure Skater at Opening Ceremony of the European Figure Skating Championships Goes Viral (Video).
• Football Player Collapses Suddenly After Suffering from Cardiac Arrest During Beitostølen Cup in Norway.
• Joe Biden Says He’s Added More to US Debt than Any Other President (VIDEO).
• Sane, Responsible Policymakers Should be Looking for Off-Ramp in Ukraine – But They’re Not.

The Epoch Times: 

• EXCLUSIVE: China’s Theft of Western Technology: What Can Be Done?
• Orlando Gutierrez-Boronat: Cuba’s Pawns, Informants, and Financiers, from China to America. 
• Top Lawmaker Responds to General’s Memo on 2025 War With China: ‘I Think He’s Right’.

Twitter:

• @WallStreetSilv - This is how you stealthily boost the profit on your ‘family size’ product by 25% #shrinkflation = stealth inflation. (video)
• @eliant_captial - Retail & CTAs max long & funds chasing breakouts due to being underinvested, oh boy. (graph)
  

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 926,541 Reports(+4,521 from prior week) Through January 13th, 2023.
  

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.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs). 
• COVID Money Tracker. Tracking the Covid response.
  

Night Trading

• Asian indices are -.5% to +.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 102.5 0 -.25 basis point.
• China Sovereign CDS 48.75 -.75 basis point.
• China Iron Ore Spot 128.7 USD/Metric Tonne +1.8%
  
• Bloomberg Emerging Markets Currency Index 48.6 +.04%.
• Bloomberg Global Risk-On/Risk Off Index 59.5 +.5%.
• Bloomberg US Financial Conditions Index .35 -3.0 basis points. 
  
• Volatility Index(VIX) futures 19.6 +1.2%. 
• Euro Stoxx 50 futures -.12%.
• S&P 500 futures -.20%.
• NASDAQ 100 futures -.27%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (BEN)/.54
• (HTLD)/.30
• (SOFI)/-.08
  

After the Close:

• (GGG)/.69
• (HP)/.81
• (NXPI)/3.63
• (SANM)/1.38
• (WHR)/3.29
  

Economic Releases

10:30 am EST

• The Dallas Fed Manufacturing Activity Index for Jan. is estimated to rise to -15.5 versus -18.8 in Dec.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone Consumer Confidence report could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

Today's Headlines

Bloomberg:           

• US General Sees China War Risk for 2025 in Memo Cited by NBC.
• Welsh Government Announces ‘Sudden’ Death of First Minister’s Wife.  
• Drone Responsible for Iran Defense Ministry Blast: State TV.
• Israel-Palestinian Violence Escalates in Second Jerusalem Attack.  
• Ukraine Latest: Aide Says Kyiv in Talks on Planes, Missiles.  
• It Won’t Take Much for the ECB to Crush Rate-Cut Bets Next Week.
  
• Total CEO Sees Tight Gas Market, Pricey Diesel in Europe in 2023.
• Pension Funds in Historic Surplus Eye $1 Trillion of Bond-Buying.
• Social Media Buzz: Tyre Nichols, Ukraine, Signal, Intel.
• Your Saturday Briefing: Musk’s Newest SEC Probe, Adani’s Wipeout.
• Disappearing Barbecues Show Global Beef Demand Is Under Pressure.
• Mega Factories Target Cow-Free Milk and Cheese to Plug Shortage.    
• The Fear of Being J. Crewed Is Once Again Roiling Leveraged Loans.
• Weaker Orders, Investment Underscore Ailing US Manufacturing.   
• Expect to See A Lot More of First Lady Jill Biden in 2024.  
• OpenAI Needs Billions to Keep ChatGPT Running. Enter Microsoft.

Wall Street Journal:

• Where Are Markets Headed? Five Investors Look Into Crystal Ball.
• The Future of Restaurants Is To Go.
• Japan, Netherlands Agree to Limit Exports of Chip-Making Equipment to China.
• DOJ Seeks to Ban Bankman-Fried From Contacting FTX Employees.
• Car Leasing Plummeted During Pandemic, Could Take Years to Recover.
• Amazon, Apple, Alphabet Headline Another Busy Earnings Week.
• Indiana’s Cornfields Could Be Gone With the Wind Farm. Most Hoosiers would prefer not to shiver through the winter in the dark. They may not have a choice.
• Is the Republican Agenda More Popular Than Republicans? Some recent polling carries bad news for Fauci and Biden.
• Flight Attendant Uniforms Ditch Gender. How Does That Fly in the Air?
• Robot Pets and VR Headsets Can Curb Older Adults’ Loneliness. So Why Don’t They?
• What CEOs Are Saying: ‘The Consumer Is Under Pressure’.
• Why Lyft Is Headed for Its Own Recession.

Barron's:

• Had bullish commentary on (AMAT), (DLTR), (EEFT), (AVTR), (FTV), (NXPI), (SLVM), (GEHC), (SYY), (DFIN), (LOW), (BXSL), (MSFT), (ADBE), (BALL) and (DE).

Fox News:

• 4-Star general predicts war with China in 2025 -- ordered preparations.
• Mom reportedly suing school district over her OnlyFans account.
• Memphis police make drastic change after releasing video showing brutal beating of Tyre Nichols.

CNBC:

• Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges.
• Earning less than $30,000 a year is a ‘deal breaker’ for daters.
• U.S. unemployment system still plagued by delays 3 years after pandemic-era downturn.

Zero Hedge:

• Taibbi Shreds Hamilton 68 'Laughable And Damning' Response To Being Exposed As Frauds.
• 25 States Sue Biden Admin Over Rule Allowing 401(k) Managers To Put Savings Into ESG Funds. 
• Leftist Media Claims Tyre Nichols Death At The Hands Of Five Black Police "Still About Racism". 
• New RAND Study Breaks From US Hawks, Warns Against "Protracted Conflict" In Ukraine.
• Are You The Collateral Damage Of Central Planners?
• Pro-Life Activists Face Prison Time As DOJ Increases FACE Act Prosecutions.
• North Korea Blasts US Tanks For Ukraine, Vows To "Stand In Same Trench" With Russia.
• Romance In 2023: 1 In 6 People Run Background Checks On Online Dates.
• Masterpiece Cakeshop Loses Appeal Over Gender Transition Cake.
• Russia Readies Robotic Response To 'Secret Armor-Less' Abrams Tanks In Donbas.
• Moscow Says 14 Killed In "Deliberate" Ukraine Strikes On Hospital; Russia On Verge Of Taking Bakhmut.
• Watch: Top US Official Hails Nord Stream 2 Sabotage In Senate Testimony.
• Von Greyerz: As West, Debt, & Stocks Implode; East, Gold, & Oil Explode.
• Federal Food Stamps Program Hits Record Costs In 2022.
• Tyre Nichols Protests Break Out Across US.
• "Tragedy... Might Be Triggering": British Universities Add Warnings For Greek And Shakespearean Plays.
• Here's What Happens To Society When The System Fails.
• Thai Rice Prices Jump As Global Food Crisis Reignites.
• Canada's Bill C-26: Yet Another Government Power Grab.
• Rickards: Has World War III Begun?
• Netanyahu's Son Slams Soros, 'Radical Leftist' Control By 'Global Elite' Over Israeli Media.
• The Most Egregious Mistake.

MarketWatch.com:      

• Trump kicking off 2024 run with stops in early-voting states.
  
• Opinion: ‘The Fed-fueled fantasy bubble has popped.’ Stock investors are detached from reality — but they’re about to get a big dose. 
•   Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon.  
• Fannie Mae chief economist sees house prices dropping in 2023 and 2024 — these are the warning signs that prices are falling in your city. 

NewsMax:

• Sen. Markwayne Mullin: 'Newsmax Must Not Be Silenced!'.
• Ted Cruz Decries DirecTV Censorship of Newsmax.
• Rep. Bob Good: Halt AT&T, DirecTV Payments by Congress.

TheGatewayPundit.com:  

• “This Is Scary!” – Dr. Naomi Wolf Warns that Pfizer Is Performing Gain of Function Viral Research and Admitted It in Their Latest Statement (VIDEO).
• YouTube Removed Project Veritas’ Bombshell Pfizer Video, So Rumble Put it on Its Front Page.
• Head of NATO Military Committee Admiral Rob Bauer: NATO Is Ready for a Direct Confrontation with Russia (VIDEO).
• Convicted Child Sex Offender Given Custody of Little Girl – Then Gets Her Pregnant.
• “This is Bad for America.  This is Bad for the World.  We are about to Enter Potentially World War III” – General Flynn on Biden’s Disaster in Ukraine.
• ACLU Says Trump’s Reinstatement on Facebook and Instagram is ‘the Right Call’.
• Massive Fire Mysteriously Occurs At Egg Farm In Connecticut.
• College Basketball Star Says His ‘Balls Exploded’ Suddenly.
• Algerian Football Player Drops Dead During the ‘African Nations Championship’ Match (VIDEO).
• UH-OH: Zuckerberg-Funded “Non-Profit” that Spent $420 Million to Help Democrats in 2020 Election Gears Up for 2024.
• WA Democrats to Release Hundreds of “Worst of the Worst” Sex Offenders into Residential Communities.
• Pfizer Quietly Releases Statement in Response to Bombshell Project Veritas Video.
• HERE WE GO: GOP-Led Committees To Subpoena Biden Officials — And Democrats Can’t Stop Them.
• Rep. Cori Bush Blames ‘White Supremacy’ For Police Killing of Tyre Nichols, Calls for ‘Civilian Traffic Enforcement’.
• Kari Lake To Hold Save Arizona Rally SUNDAY Before Court Of Appeals Conference In Historic Election Contest Lawsuit.
• Tucker Carlson Calls Out Antifa Protests As Coordinated, Political Propaganda (VIDEO).
• REPORT: Director Of George Soros Organization Has Visited Biden White House Over A Dozen Times.
• Suicide Pact: Minnesota Democrats Pass Bill to Ban Coal, Oil and Gas in One of Nation’s Coldest States – As Biden Bans Mining in State’s Iron Range.
• Observations on the Paul Pelosi/David DePape Videos – What Looks Weird and What’s Missing?

The Epoch Times:

• US Bills to Make CCP Repay $20.6 Trillion for COVID-19.
• US Treasury Sanctions Chinese Firm Supplying Intelligence to Russia.

Twitter:

• @WallStreetSilv - $65 trillion in unrecorded dollar debt circulates across the global financial system in non-U.S. banks and shadow banks. (graph) The Pfizer CEO in his own words at the World Economic Forum in Davos. "Imagine The Compliance". (video) Interest cost is skyrocketing and now more than defense budget. Social security costs are crossing $1 trillion, all of them leading to fiscal deficit. Thus more borrowing is required… more debt leading to higher interest costs… a debt death spiral. (graph) Pay with your palm in China. When cash goes digital, bringing the risks of exclusion, discrimination, and surveillance... Linking biometric data to payments, plus a social credit score ... not a good combo. (video)
  
• @Project_Veritas - Over 20,000,000 Views. (video)
  
• @IGSquawk - Weekend markets update: #DAX 15150 -0.04% #DOW 33973 -0.01% #NASDAQ 12176 +0.11% #FTSE 7764 +0.00% #HANGSENG 22699 +0.00% #GBPUSD 12386 -0.10% #EURUSD 10869 +0.01% #USDJPY 12985 0.00%.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 926,541 Reports(+4,521 from prior week) Through January 13th, 2023. 

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.

Covid-19(Data, Maps, Graphs):

• Our World in Data:  New Global Covid-19 Cases(7-day rolling average graphs). New US Covid Hospital Admissions/ICU Admissions/Deaths
  
• FT.com:  Fully Vaccinated by Country(graph). Global Lockdown Stringency Index(map).
• Bloomberg.com:  International Travel Restrictions.  Case Graphs by State.
  
• NYTimes.com:  County Trends and Clusters. Local ICU Occupancy.
  
• Brown School of Public Health:  Covid Severity by State/County(map).  US Hospital Capacity(region).
  
• CovidActNow:  Covid Severity/Infection Rate by Metro Area.
  
• KFF:  US Vaccinations by Race/Ethnicity.
  
• Carnegie Mellon: Covid-Like Symptoms in Community. Covid Symptom Searches on Google. Covid-Related Dr.Visits.  Restaurant Visits. Wearing Masks. (graphs)
  
• Safegraph.com:  Commerce Patterns(graphs).