Shinzo Abe gunned down in unprecedented attack
‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The Dow and the NASDAQ composite were both up big yesterday. The latter did especially well, with the tech-heavy NASDAQ making the biggest gains. Are we back? Even bitcoin is on a run, gaining more than 14% this week and surging towards $22,000.
Well, it all depends on today’s jobs report. Expectations are for 250,000 jobs to have been added in June, a slowdown, but not something that should indicate a recession. If the jobs report doesn’t meet expectations, well, we may have a problem. The biggest thing I’m worried about is the Fed’s next increase in interest rates. Now, it’s inevitable that there’s going to be an increase...
The only question is how large the increase is going to be. The danger here is that this is a stereotypical "calm before the storm." The Fed may take an ax to the tech sector again.
The trump card enjoyed by the U.S. is the strength of the dollar. While Europe is facing crushing energy costs (and mass protests), the United States simply doesn’t have the same kinds of challenges. The political scandal that Joe Biden is dealing with is that the United States was exporting oil at a time of high prices – which in itself shows America has a huge margin of error when it comes to natural resources. However, we are at a time when the entire American-led global order is facing an existential challenge… and the protests in Europe could be just the beginning of a far larger struggle. Don’t miss Mr. X on this today. I’m always reminding everyone to stay connected… but it’s especially important now.
Markets are going to be moving fast after the jobs report… and with governments falling even as this is written, we’ll need to respond at a blistering pace. Keep Moving, NEW EPISODE Any strategy that makes you money consistently is worthwhile. Though many new traders believe that trading is primarily about indicators and tools, Chris maintains that it is at least 95% about emotional control. This is especially relevant in this bearish, choppy market which has made the trading world extremely difficult. Learn some pro tips to come back from your losses and stay in the game. [CLICK HERE TO WATCH]( WORD ON THE STREET SHOCK: Former Japanese Prime Minister Shinzo Abe Assassinated - Commodities, Stocks Jump On Market Faith In Fed - With some commentators saying that we have already seen "peak inflation," investors are pouring back into the market, with Thursday showing the fourth straight day of gains. The Bank of America also reports that consumer spending has remained relatively strong. Of course, everything depends on today’s jobs report – if it fails to meet expectations, this sudden optimism may fade very quickly. - Tragedy In Japan - In an all but unprecedented act, former Japanese Prime Minister Shinzo Abe, the longest serving Prime Minister in Japanese history, was shot and killed. He was showing no vital signs after his wound and was reported dead early this morning. A suspect, one Tetsuya Yamagami, has reportedly been detained. He did not flee the scene. The weapon appeared to be a homemade shotgun. Shinzo Abe was known as a strong proponent of Japanese rearmament - Bird App Deal Flying Away - Oh Elon, we were counting on you to bring back the days of spicy memes on Twitter. Unfortunately, that may not be happening. The Washington Post reports that Musk’s Twitter deal is in "serious jeopardy" following conflicts over the amount of spam accounts on the app. Musk himself has reportedly stopped engaging in discussions about financing the deal. - "Them’s The Breaks" - Following literally dozens of Conservatives bailing from the government (sorry, Her Majesty’s Government), Prime Minister Boris Johnson resigned amid boos. He said he didn’t want to give up the world’s "best job, but them’s the breaks." The Prime Minister vowed continued support for Ukraine while his colleagues are already dueling about who will get the top post. This "tool" earned over $400k in 12 months. Video uncovers the winning tactics that handed one trader an average $7,300 in profit every week using just shy of $12,000 in capital. [Watch The Official Replay Right Now — Click Here]( HOT SPOTS: What's Going on in Geopolitics
- Russians Gain NO Territory - For the first time since its invasion began, Russia gained no territory in Ukraine as it declared an "operational pause." The Russian Duma is focusing on "special economic measures" to support the "special military operation," preparing the country to wage a long war. Russian forces are expected to renew their offensive shortly to claim the remaining territory of the self-declared "Donetsk People’s Republic," but with Ukraine receiving new Western weapons and establishing a new line of defense, Moscow may face a harder fight. - China Considers Stimulus - Bloomberg reports that China is reportedly considering the sale of $220 billion in government bonds in order for the government to meet its 5.5% annual growth target. The sale would take place as early as this year, as COVID-19 shutdowns have hampered Chinese economic performance.  - WNBA Player Pleads Guilty In Russia - WNBA player Brittney Griner pled guilty to drug charges in a Russian court. She is reportedly facing as much as 10 years in prison. The Biden Administration has said that bringing her home is a "priority." She admits she brought vape cartridges with hashish oil to Russia but claims she did so unintentionally. CUTTING EDGE: What[']( Happening In Tech - Theranos Saga Comes To Sordid End - Ramesh "Sunny" Balwani was found guilty of four out of 11 counts of fraud and conspiracy charges. Along with the convictions against onetime media star Elizabeth Holmes, it marks the end of a company that promised to revolutionize cancer treatment with a simple blood test – but didn’t have the goods. - Holland Says You Have The RIGHT To Work From Home - They may not let you grow food anymore, but at least the Dutch government lets you work in your sweatpants. The lower house of the Dutch legislature approved a law that mandates employers consider employee requests to work from home. (Don’t tell Elon Musk about this – he’s VERY insistent about employees coming to the office). - Secret Service To Guard Snap - Snap Inc, the camera and social media company, has a powerful new chief of security. U.S. Secret Service Director James Murray will take over on August 1 following his retirement from the federal agency. If he can guard the Commander-in-Chief, presumably, he can guard your photos. FOR YOUR CONSIDERATION "Never underestimate the possibility of chance, choice, and individual decisions to shape global markets. Even as this is written, it has been announced that former Prime Minister Shinzo Abe has died of his wounds after being shot yesterday." hope on Wall Street as we gear up for today's jobs report. There's even some faith that the Fed is going to be able to thread the needle - control inflation without causing a recession. However, you can never underestimate geopolitical surprises. Mr. X outlines the main threats to the international order... and as a recent tragedy shows, the role of the random. [GEOPOLITICAL PESSIMISM]( Enjoying Dawn Report? Learn something, made some money?
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