NC Renegades

Market Snapshot

• S&P 500 futures down 0.5% to 3,752.25
• MXAP down 1.2% to 145.59
• MXAPJ down 1.6% to 470.98
• Nikkei down 0.6% to 27,153.83
• Topix down 0.2% to 1,916.12
• Hang Seng Index down 1.2% to 17,933.27
• Shanghai Composite down 0.7% to 3,088.37
• Sensex down 1.6% to 58,191.14
• Australia S&P/ASX 200 down 1.9% to 6,574.73
• Kospi down 1.8% to 2,290.00
• STOXX Europe 600 down 0.9% to 396.36
• German 10Y yield little changed at 1.93%
• Euro down 0.8% to $0.9756
• Brent Futures down 1.9% to $88.75/bbl
• Gold spot down 0.4% to $1,664.46
• U.S. Dollar Index up 0.60% to 112.03

Top Overnight News from Bloomberg

• BofA Says Cash is King as Investor Pessimism Hits 2008-Era High
• Goldman Slashes S&P 500 Target Citing Higher Fed Rates Path
• UK Sets Out Biggest Tax Cuts Since 1988 to Boost Economic Growth
• Era of Inflation Has Ended — for Asset Prices on Wall Street
• Oil Set for Fourth Weekly Loss With Rate Hikes Darkening Outlook
• Goldman to BofA Throw in the Towel on a Year-End Rally in Europe
• Treasury Selloff Drives SOFR Spread Toward Record One-Day Drop
• Wall Street’s Top Banks Are Backing Oil to Stage a Recovery
• Nasdaq Increases Scrutiny of Small-Cap IPOs After Big Swings
• Japan Has a Pile of Dollars It Can Tap Before Selling Treasuries
• Chinese Money Pours Into Offshore Debt After Rare Yield Reversal
• China Compares Taiwan Independence Push to Charging Rhino
• China’s Most Locked-Down City Shows Perils of Endless Covid Zero
• Crypto Outperforms Stocks for a Change as Correlation Breaks
• Raytheon Beats Lockheed, Boeing on $1 Billion Hypersonic Job
• Zelle Emerges as Lawmakers’ Surprise Foe at Bank Hearings
• Alex Jones Renews ‘Deep State’ Claim at Defamation Trial
• It’s Every Nation for Itself as Dollar Batters Global Currencies
• Nikola Investor Lost $160,000 on Milton’s Hype, He Tells Jury
• FedEx to Cut Costs, Hike Rates in Battle Against Flagging Demand
• With Shelters Overflowing, NYC to Put Up Tents for Migrants
• Senior-Care Provider Cano Health Said to Weigh Sale
• Banks Dust Off Lockdown Plans to Beat Possible Power Blackouts

A more detailed look at global markets courtesy of Newsquawk

Asian stocks were negative in the aftermath of the rush of global central bank rate hikes during ‘Super Thursday’ and with risk appetite not helped by the absence of participants in Japan for the Autumnal Equinox Day. ASX 200 was heavily pressured on return from yesterday’s national day of mourning closure and took its first opportunity to react to the hawkish FOMC with the tech and consumer-related sectors the worst hit. KOSPI declined with the recent flurry of central bank rate hikes adding to the arguments for the BoK to continue on its hiking cycle as South Korean officials look to avert one-sided currency moves. Hang Seng and Shanghai Comp slightly deteriorated throughout the session as the early support from reports regarding Hong Kong and Macau potentially easing restrictions for arrivals gradually waned, while US audit watchdog officials recently arrived in Hong Kong for audit inspections as firms seek to avoid delisting from US exchanges.

More…

When you see the daily headlines about how yet another convicted felon is back on the street and has committed yet another murder, you can thank George Soros for getting Commie DA’s into office, AND thank Donald Trump for putting Soros’ business partner Jared Kushner in charge of WH policy and pushing through the First Step Act. If Trump is put back into the WH, he will do even more lasting damage. Trump got more of Obama’s original agenda passed than the community organizer ever dreamed of, and Trump Cultists refuse to see that or to see that Trump put George Soros’ literal business partner in charge of his WH policy. Trump was a Trojan Horse to sneak in a globalist Agenda no Democrat President would have been able to pull off. And we cheered for all the wrong things, because he was “our guy”. Warp Speed anyone?

Brandon has labeled at least half of Americans a threat to the Nation and Domestic Terrorist and so far our only response is that we will win this battle at the ballot box. You have people like cocaine Mitch actively working against “Republicans” that are running for office because they are not his type of “Republicans”. But let us just “Vote Harder” and deny Mitch. Ignore the fact that nothing has been done to correct the previous stolen election. These communist have stolen our country and taken power. They now count the votes. It doesn’t matter how hard you vote. The only people that will be allowed to be “elected” will be those that TPTB approve.

Nothing matters anymore. The “government” will act however they want. We have political prisoners from January 6^th rotting away in horrible conditions because we won’t stand. The “FBI” aka the KGB  is freely harassing TPTB political enemies. Our “elected officials” are openly lining their pockets with Ukraine. The ATF is changing definitions of legally purchased firearms and harassing law obiding citizens. The “Queer Agenda” is out in full force going after children. People are dropping at young ages for “no reason” and most people refuse to see that the “Government” has committed Genocide thru their “vax”. They dumbed down our society on purpose. They won’t stop. It makes no difference. We won’t stand.

We all know what needs to be done. We refuse to take that step. We all know there is no going back. We are failing our children and allowing the light of Liberty to be extinguished.

What’s called “Christianity” in America has been twisted and contaminated by Marxist thought so that its biblical principles have been used to destroy it, instead of destroying (in every sense of the Word) our enemies. That’s why our Christian Founders had no great spiritual angst about shooting their fellow Christian British in the face for our Liberty. But we try to “love” Communists and “turn the other cheek” to Marxists who want to castrate our sons and maim our daughters.

I am willing to do great and terrible things for the future of my children. I do not want to see them live as slaves or worse. But I can’t do these things alone.

The time for being peaceful is over. These communist are moving forward every day. They aim to eliminate us. Our founding fathers left us written instructions should this time ever come. Perhaps it’s time we fulfill their wishes.

Wes

America’s second civil war could start with a bang or with a whimper. It could begin with a skirmish or sneak up on us through a series of small compromises and acts of political cowardice. Civil war could announce itself loudly and bloodily, leaving no doubt as to its awful entrance. Or it could creep in through the back door, only to be recognized in hindsight as a series of seemingly disconnected events that could have and should have been stopped. We may be midstream in such a flow of events already. We now examine this possible future as if we have just emerged from its aftermath.

During the 2022 campaign, national Democrats were bracing for a tidal wave that might eject them from control of the U.S. House of Representatives and the U.S. Senate, crippling President Joe Biden’s agenda and possibly accelerating former president Trump’s formal announcement (he toyed with it throughout 2021 and 2022) as a candidate for the presidency in 2024. Democrats had long since lost patience with Republican accusations about the “stolen” 2020 election, which they came to believe led to a flurry of unnecessary and regressive laws in states dominated by Republican legislators. In Texas, a law passed that set new restrictions on mail-in ballot access, limited the use of drop boxes for early votes, and then went further by weaponizing and empowering hyperpartisan poll watchers to interfere with the voting process. This in a state where it was already harder to vote in than most other states. In states like Florida, Iowa, and Texas, professional election administrators found their efforts criminalized. In states like Arizona and Georgia, it appeared legislators were seizing control of elections by limiting the authority of election administrators at the state and county level, thereby creating the real possibility of partisan politicians rejecting the will of the voters. In several states—Arizona, Colorado, Georgia, Michigan, and Nevada—there were candidates running for secretary of state on a platform of denying elections and delivering outcomes for their preferred candidates. All of this was very much on the minds of national Democrats. Many were seething.

In such an environment, many were worried about armed poll watchers, inflamed passions, and even possible violence. In Texas, voters saw unusually long lines in voting precincts in urban areas like Houston, Austin, San Antonio, and Dallas, where recent legislation had resulted in concentrating more voting into a single day. The lines were longest in communities of color, thus confirming fears about the consequences of the new election law. Before the March 1, 2022, primary, voters in predominantly Democratic counties like Harris, Travis, and Bexar were seeing requests for mail-in ballots rejected at historically high rates, fifteen times higher than Texas had previously experienced in their most populous counties.

About this time, Democrats in Washington began wondering aloud if midterm election results could or should be believed. “I think there’s a real possibility that we will see in the next two elections, get some results sent to us for ratification . . . that’s not consistent or that we’re gonna have to question,” Texas Democratic representative Colin Allred said. “That’s the reality of the situation. We can no longer pretend like these elections are just going to continue to proceed the way they have in the past.” At a press conference marking his administration’s one-year anniversary, President Biden amplified this sentiment. When asked if the midterm elections would be legitimate, Biden said: “Well, it all depends on whether we are able to make the case to the American people that some of this is being set up to try to alter the outcome of this election.” Biden’s statement wasn’t as toxic as Trump’s, but it deepened confusion and consternation—setting the country up for months of midterm election fear-mongering.

Imagine a polling station in Texas on Election Day 2022. The location doesn’t matter. Neither does the underlying dispute. What matters is a person came to the polls, purportedly on the hunt for voter fraud. States like Texas had given poll watchers more latitude to move around polling places, question procedures, and exercise authority. This person, in accordance with Texas law, was armed with a semiautomatic pistol. A discussion escalated into a confrontation, perhaps about the proper place to stand inside the polling precinct in relation to others, or about how to properly mark the ballot and use the ballot scanning machine.

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