It's a RECESSION... Or is it?

Economy shrinks two quarters in a row but debate rages ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ "What's in a name? That which we call a recession would still somehow lead to a massive gain in the Dow." I think that's what the Bard said. Something like that anyway. Markets were up big... even though the economy shrank in the second quarter. That is, according to many people, the literal definition of a recession. Or maybe not. As plenty of media "Fact Checks" will tell you today, "eight economists you've never heard of" at the National Bureau of Economic Research actually make the call as to whether we are in a recession or not. Adding to the fun, there are no set meetings or requirements about when they need to make a judgment. Did I mention it's an election year? Clear all that out. None of it really matters. Keep your eyes on possible gains, stock by stock, chart by chart. I lay out one possible trade below... And there was plenty of action yesterday, especially among clean energy stocks. Tech is also continuing its recovery. There are some long term problems. Home and business construction, consumer spending, and federal spending are all down... though the latest clean energy bill may change things. Stay connected. There will be no breaks today. Things are moving fast, so stay glued to your trading apps. No rest until market close. 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 GDP Declines, POTUS Pushes Back On Recession, Semiconductor Surge - "Technical" Recession Underway? - The Commerce Department reported that the economy shrank by 0.9% from April to June. After the decline in the first quarter, many suggest that a "technical" recession is underway. However, the job market remains strong, leading others to claim this is no recession, but a strong recovery.  - President Biden Gets Ahead Of Negative News – Fresh from recovering from COVID-19, President Joe Biden addressed the country and touted his economic record. He argued that unemployment is at a 50-year low. "That doesn't sound like a recession to me," he said.  "Our job market remains historically strong," said the president. - Intel Takes The L – Intel (INTC) suffered a catastrophic miss on earnings, posting only 29 cents per share instead of the expected 70 cents per share. INTC dropped by more than 8% in after-hours trading. "We do think we're on the bottom," said David Zinsner, Intel's CFO, trying to put the best spin on the bad news. I guess that's the theme of the day.  - House Passes "Chips And Science Act" - At least this piece of legislation doesn't have a cutesy name. (Not too cutesy anyway). The House of Representatives passed the Chips and Science Act by a 243-187 vote. President Biden has said he will sign the bill. Minority Leader Kevin McCarthy voted against the bill, calling it a "$280 billion blank check" to the semiconductor industry. Of course, some investors may be celebrating precisely because of that.  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 - Xi Jinping Warns President Biden On Taiwan Visit – China's Xi Jinping gave a stern warning to President Joe Biden on the subject of Speaker Nancy Pelosi's proposed visit to Taiwan. "Those who play with fire will perish by it," he said, according to the Chinese Ministry of Foreign Affairs. "It is hoped that the U.S. will be clear-eyed about this."  - 75,000 Russian Casualties In Ukraine? – The Russian government has not released official casualty figures about those who have been killed or wounded in the invasion of Ukraine, but the United States reportedly estimates casualties at 75,000. Nontheless, the Russian government is still resisting any move towards a general mobilization for fear of antagonizing the public.  - Alito Mocks Foreign Leaders Who Slammed Abortion Decision - Supreme Court Justice Samuel Alito laughed off criticism from foreign leaders who slammed the high court's decision to overturn Roe v. Wade. In remarks just released by Notre Dame Law School, he specifically called out Boris Johnson as one of the "foreign leaders who felt perfectly fine commenting on American law." Alluding to Johnson's fall from power, Alito joked that Johnson had "paid the price" and got appreciative laughter from the crowd.  CUTTING EDGE: What[']( Happening In Tech - Amazon (AMZN) Posts $2 Billion Loss - Amazon lost money in the second quarter, but revenue increased and the stock was up by over 13% in after-hours trading. Despite the loss, the results were better than expected and the company posted an optimistic guidance for the next quarter. - Alibaba Underwater – Alibaba (BABA) has declined for three straight days as investors worry about pressure from the Chinese government. Onetime media favorite Jack Ma may have to give up control of Ant Group Co., his fintech arm. The Chinese Communist Party may be sending a message to any who are thinking about building a power base outside the government. - Apple Beats Earnings Expectations But... – Apple (AAPL) was the anti-Intel, beating expectations on earnings, revenue, and iPhone revenue. But it wasn't all good news. "In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter despite seeing some pockets of slowness," said CEO Tim Cook. Apple Didn't Provide A Formal Guidance For The Future, So We Don't Know Exactly What "Pockets Of Slowness" Means FOR YOUR CONSIDERATION You might already know that Chris Hood and I do quite a bit of live trading together throughout the week… And yesterday, it dawned on us that a lot of folks still use stop losses for every trade they put on — despite our continuous admonishments. Frankly, it’s like showing your hand at the poker table. losses. Perhaps the most controversial subject among traders. Corey gives some, uh, frank advice on what he thinks about them... and tells you what to look for in a possible upcoming trade. Don't miss this detailed breakdown. Remember, it's not just about this one stock... but about learning the techniques to use in countless trades to come. [QUICK TRADE IDEA FOR "GAMBLERS"]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. Copyright © 2022 Rogue Investing. All Rights Reserved. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Rogue Investing.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for any trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of Rogue Investing.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. HIGH RISK WARNING Trading foreign exchange, stocks, options, or futures on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. RogueInvesting.com provides general advice that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future success. Sent to: {EMAIL} [Unsubscribe]( Rogue Investing, 721 Court St., Unit #1, Lynchburg, VA 24504, United States