Market

80% of S&P 500 earnings are out of the way and no big economic releases this week, so not a lot going on.

Self defense/law and order is another big theme I am playing. My ETF for that is currently being censored so not sure yet when it comes out. GEO got crushed yesterday. Technically it looks like a short here. I run two models for it and one was long yesterday. It triggered a sell, but my calls are worth so little it doesn’t matter. Still love the thesis here.

AXON is another one. Held the 50 day though and triggered some potential buys on a basket model I run.

Argentina is another big theme we have been trading. Been taking some profits but nice to see Elon is noticing…

@Mayhem4Markets Good question…..

Woke Companies

Disney Shares Plunge Most In Year On Subscriber Miss, Disappointing Guidance-ZeroHedge

Disney reported fiscal second-quarter profits that exceeded estimates of the average analysts tracked by Bloomberg and raised its full-year earnings guidance. However, shares tumbled in early trading in New York as investors focused more on the Disney+ streaming service, missing its forecast for the quarter. 

For the quarter ending March 30, the Disney+ streaming service reported 153.6 million subs, which fell short of Wall Street's expectations of 155.66 million. This is currently overshadowing any positive news from the quarter. 

The FAA investigates after Boeing says workers in South Carolina falsified 787 inspection records-AP

Anheuser-Busch InBev tops estimates in last quarter where Bud Light boycott hits growth-MarketWatch

Shorting “woke” companies isn’t as simple as a company does something woke and you short them down to zero. BUD looks like it is going to open near the March highs. Could be shortable if that fails, but would prefer a failure at $65.

Would you be shocked if this turns into a real headline at some point?

Woke

What took them so long? Boy Scouts undergo 'woke' rebrand as gender SCRAPPED from name to be more inclusive-GBN

DEI

M.I.T. Will No Longer Require Diversity Statements for Hiring Faculty Applicants were required to explain how they would enhance diversity. Free-speech advocates and others said that requirement enforced groupthink.-NY Times

Racism

Immigration

Parents Sue School Board After School Suspends Student For Saying ‘Illegal Aliens’-Daily Caller

The Liberty Justice Center (LJC) filed a lawsuit against the Davidson County Board of Education Tuesday on behalf of 16-year-old Christian McGhee, who was suspended after using the term “illegal aliens” in class.

Censorship

On Campus

Perhaps they shouldn’t have skipped spelling class to go protest..

Election

Oops. The DOJ's Doctored Crime Scene Photo of Mar-a-Lago Raid-Declassified With Julie Kelly

New disclosures in Special Counsel Jack Smith's espionage case against Donald Trump reveal the FBI tampered with evidence to create the infamous photo--and DOJ has lied about it for nearly two years.

And. Trump classified documents trial in Florida postponed indefinitely-CNBC.com

Covid

Excess Mortality recedes, but remains above normal-Insurance News Net

“With the worst of COVID behind us, annual deaths for all causes should be back to pre-pandemic levels — or even lower because of the loss of so many sick and infirm Americans,” Dr. Pierre Kory, president and chief medical officer of the Front Line COVID-19 Critical Care Alliance.said “Instead, the death toll remains ‘alarming,’ ‘disturbing,’ and deserving of ‘urgent attention,’ according to insurance industry articles.”

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