Inflation, Fed report, AAPL, KO, GOOGL Earnings...

Retailers down as recession looms ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ And so it begins... I warned you this was going to be a volatile week. Walmart (WMT) was down big in after-hours trading after it reduced its quarterly and yearly outlook. Remember, it's not the backwards looking earnings reports that are going to be the most critical factor here, but what companies think is going to happen during the rest of 2022. Walmart employees are reporting large amounts of unsold inventory in storage. Given inflation, it's unclear whether WMT's famously low prices can be brought down any further. Futures are tumultuous because of the assumption that other retailers are going to be facing the same problems. And there's something to this. Mr. X argues today that the West, especially Europe, faces a serious economic reckoning. But he says that America still has a chance to dodge it... And I have to say I agree, at least with that part. Hear me out... Yesterday, the White House got itself in another public relations mess when it argued that the usual definition of a recession (two quarters of negative growth) doesn't really mean there's a recession. And President Biden himself put his reputation on the line when he said that the United States would not enter a recession. But there is something to what the White House is arguing. Unemployment remains low, the dollar remains strong, gas prices are falling. We may be going into a recession, but it's a strange kind of recession - one that looks more like chronic supply chain challenges and shortages 0f key goods rather than lines around the block at the unemployment office. If we do get a recession, growth stocks and tech stocks are likely to take a hit, but we probably aren't going to get something like the Great Depression, the 2008 financial crisis, or even 1970's style stagflation. It is more likely to be a tremendously uneven economy with some sectors booming and some (especially crypto) going into a sustained eclipse. Today, GE, Coca-Cola (KO), and McDonald's (MCD) will be reporting earnings, among others. Again, the key is to look for what these companies say about the future. If consumer spending falls, it will be a huge opportunity to scoop up growth stocks at extremely low prices. Again, it's time's like this when fortunes are made - not when everyone is buying at the top. Keep Moving, 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 WMT Plunges, POTUS Rejects Pessimism, SNAP Gets Downgrade - No, I Mean Really, Really Low Prices - Walmart cut its quarterly and yearly guidance, leading to an after-hours plunge of about 10% as investors rushed to unload the retailer. WMT wasn't alone - Amazon (AMZN) and Target (TGT) joined in the selloff, as the entire sector suddenly looks very shaky. - President Biden May Regret This – Political rhetoric is the art of saying much while communicating little. In other words, you want to give yourself an escape. For that reason, President Joe Biden's supporters may be cringing after the Commander-in-Chief made the case for economic optimism. "We're not coming into recession, in my view," said the president, touting the low unemployment numbers. "We still find ourselves with people investing."  Not a great sign when we're debating the meaning of this - Dueling Predictions – Even if there is a recession (whatever that means now), experts disagree on whether the worst is already behind us or if the pain is just getting started. Nouriel Roubini, an economist who predicted the 2008 financial crisis, said that "this idea that it's going to be short and shallow, it's totally delusional." However, given that he's already known as "Dr. Doom," you might want another take. JPMorgan's Marko Kolanovic gave a brighter picture in a note for investors. "With the peak in Fed pricing likely behind us, the worst for risk markets and market volatility should also be behind us," he said. - Shorting SNAP - Snapchat (SNAP) arguably started the rout in tech last week when it plunged after a disasterous earnings report. However, the pain isn't over. Morgan Stanley's Brain Nowak slashed his price target to just $8.00 a share, below the $9.95 where it ended the trading day Monday. He argued that SNAP's online ad business is extremely vulnerable to an economic downturn, as "those branded dollars are among the first to be cut in times of economic weakness." 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 - Russia Hints At Toppling Zelenskyy – While Russia is struggling to drive the Ukrainian army out of the self-proclaimed Donetsk People's Republic, the Kremlin is not backing down from its objective of regime change in Kyiv. "We are determined to help the people of eastern Ukraine to liberate themselves from the burden of this absolutely unacceptable regime," said Russian Foreign Minister Sergey Lavrov. Lest people think Russia's intentions were limited to the east, he continued, "We will certainly help the Ukrainian people to get rid of the regime, which is absolutely anti-people and anti-historical."   - Ukraine Accuses Russia Of "Gas War" – "Russia is not going to resume gas supplies to European countries, as it is contractually obligated to do," accused Ukrainian president Volodymyr Zelenskyy. "And this is an open gas war, which Russia is waging against a united Europe." Wheat prices rose even after an agreement to allow Ukraine to export grain from the port of Odesa, following a missile strike against that city. Russia claims it hit a military target in a "high-precision strike." - Mixed Messages On Taiwan Visit - In response to China's vehement opposition to Speaker of the House Nancy Pelosi's planned visit to Taiwan, there are some mixed messages coming from leading Democrats. President Joe Biden warned last week that the U.S. military didn't want Pelosi to go to Taiwan, but Pelosi told reporters that the warning was "maybe the military was afraid of my plane getting shot down or something like that, I don't know." Amidst these confusing remarks, Republicans including former Secretary of State Mike Pompeo and Senator Ben Sasse are arguing that the Speaker should attend despite China's vow of "forceful measures." CUTTING EDGE: What[']( Happening In Tech - Earnings Week For Big Tech - Both Alphabet (GOOGL) and Microsoft (MSFT) will report earnings today, with Meta Platforms tomorrow and Apple and Amazon on Thursday. The main concern will be seeing if SNAP's problems with online ad revenue has spread to the tech blue chips, with Meta Platforms being especially vulnerable. Rival Tik Tok is taking an increasing share of the market and Facebook is expected to show a year-over-year drop in revenue for the second quarter. - Alibaba Looking For Listing In Hong Kong – Though Alibaba (BABA) is on the New York Stock Exchange, CEO Daniel Zhang said it was also going to be pursuing a primary listing on the Hong Kong Stock Exchange. The CEO argued the company wanted a "wilder and more diversified investor base." "Hong Kong is also the launch paid for Alibaba's globalization strategy, and we are fully confident in China's economy and future," he said. - NASA To Brief Media On Moon Return – NASA has set a launch date of August 29 for the Space Launch System rocket that will send an Orion crew module on an unmanned mission to orbit the moon and return to Earth. This will then be followed up by Artemis II, a manned mission paving the way for America's return to the moon. NASA will be hosting a briefing for the media on August 5 to generate interest in the mission. There's also big money at stake in the form of contracts for lunar landers, commercial payloads, and other equipment, as the long-term objective is to serve as a steppingstone for missions to Mars. Mission Control. Draper of Cambridge, Massachusetts is the latest company to get a NASA contract, bagging $73 for end-to-end deliver services from the Earth to the lunar surface FOR YOUR CONSIDERATION The last thing the global economy needs is a race to the bottom, but that’s what it’s getting, and it’s almost certain to sink Europe. is probably the most important week for the economy all year, as it will determine whether America is in a recession or not. Regardless of what happens here, Mr. X warns that Europe is facing ruin - and the war in Russia will drag the Continental economy into the gutter, possibly endangering the Atlantic alliance. [THE RACE TO THE BOTTOM]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. 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