Disney CRUSHES expectations, stock soars

DIS up big in after-hours trading ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Big wins all around yesterday. Disney (DIS) crushed earnings expectations, beating estimates by more than $0.10 a share, topping revenue predictions, and, most importantly, wildly overperforming when it came to subscriptions. Expectations were for 10 million new subscribers to Disney+... Instead Disney delivered 14.4 million. Not surprisingly, DIS was up by almost 7% in after-hours trading. This is a huge whitepill for the entire market. It's difficult to think of a sector that Disney doesn't have at least some exposure to. And Disney hasn't exactly been killing it at the box office lately, making this showing all the more impressive. Core inflation was less severe than many feared, and the consumer price index for July was 8.5% year-over-year. Now, that sounds bad. It is bad. While the Biden Administration is saying there is "zero inflation," that's dead wrong. But, relative to what was expected, the data yesterday was good news. Inflation was flat compared with June. That provides some evidence that inflation has in fact peaked... Though the Fed still seems committed to spiking interest rates. Look for some profit taking today and be ready for major volatility as the market adjusts to this new data. I have more on how to approach this market in my column below. 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 CPI Stable, DIS Happiest Stock On Earth, Conspiracy Theorists Right - Inflation Flat, Stocks Boom - "I just want to say a number - zero," enthused President Joe Biden as he discussed the latest consumer price index. The Commander-in-Chief is overstating the case - inflation is up 8.5% year-over-year, disastrous in most other circumstances. However, it was flat compared to last month, which was enough to get a bull market going on Wall Street.  - Your Crazy Uncle Was Right Again – It is one of the oldest conspiracy theories - the price of precious metals is being artificially manipulated. Turns out it is true - at least in one case. Two former traders for JPMorgan were found guilty of "spoofing" trades. To "spoof" a trade means to place a buy or sell order even though you have no intention of carrying it out. Such orders can manipulate the price, giving unscrupulous traders an advantage. A third defendant was acquitted in the trial - Disney Coming For Netflix – Disney (DIS) faced a lot of trouble in recent months, including divided leadership, disappointing box office returns, and even a fight with the governor of Florida. However, it overcame it all to post much better than expected earnings. Especially encouraging was Disney's success in attracting new subscribers, possibly sending a signal to Netflix (NFLX) that it has a major rival in streaming entertainment. - Fed Officials Warn Investors On Rate Hikes - Slowing inflation is good news but that doesn't mean the Federal Reserve is going to lay off from its program of rate hikes. Minneapolis Fed President Neel Kashkari said he wants the benchmark interest rate at 3.9% by the end of this year. He said yesterday's relatively favorable report on inflation doesn't change that. Meanwhile, Chicago Fed President Charles Evans also cautioned investors to expect more rate hikes. "I expect that we will be increasing rates the rest of this year and into next year to make sure inflation gets back to our 2% objective," he said.  "3-Pillar" strategy spots a 108% surge in just 4 days... RapidFire is on fire — with new trades are on the verge of exploding soon! [Click here to learn more](. HOT SPOTS: What's Going on in Geopolitics - China Blames US For War In Ukraine – In the wake of Speaker Nancy Pelosi's visit to Taiwan, the People's Republic of China seems more willing to take sides when it comes to diplomatic conflicts. China's ambassador to Russia, Zhang Hanhi, didn't mince words. "As the initiator and main instigator of the Ukrainian crisis, Washington, while imposing unprecedented comprehensive sanctions on Russia, continues to supply arms and military equipment to Ukraine," he said. "Their ultimate goal is to exhaust and crush Russia with a protracted war and the cudgel of sanctions." - US Charges Iranian Pilot In Plot To Kill John Bolton – The Justice Department charged Shahram Poursafi, who is also known as Mehdi Rezayi, with plotting to murder former national security adviser John Bolton.  Poursafi/Rezayi is a member of Iran's Revolutionary Guard Corps and may have been motivated by America's assassination of Qassem Soleimani in 2020. Poursafi/Rezayi is still at large.  - China Changes Its Terms On Taiwan - The People's Republic is taking a much tougher line on Taiwan, even to the point of changing official policies. China once promised not to send troops to the island even if it were to take control of Taiwan. Now, a new document from the Chinese government shows that it has withdrawn that promise. The Chinese have also withdrawn a pledge that "anything can be negotiated" so long as all parties hold to the One China policy. Don't expect another "One Country, Two Systems" type setup. CUTTING EDGE: What[']( Happening In Tech - Amazon Requires Mark Of The Beast - No, I'm kidding, it's just your palm. The company's "One" payment system, which allows customers to simply put their hand over a scanner to complete a transaction, is going to launch at 65 Whole Foods locations in California. The benefit of this technology is its "contactless" nature, something very much in demand since COVID-19.  - Disney Raises The Price On Streaming Services – The good news is that Disney+ is adding plenty of subscribers. The bad news is that it's still a net drain on the company. Disney is moving to counter this by raising the prices for Disney+, both for the version with commercials and the version without. Not to be outdone, Hulu is also increasing its prices. - Ethereum Gears Up For Proof Of Stake Switch - It will be one of the most important events in the history of crypto. The Ethereum Foundation reports that a dress rehearsal of the network's upcoming shift from a Proof of Work model to a Proof of Stake model was a success. The new way of operating will use far less energy and make the network far more efficient. In other words, people will actually be able to use ethereum for specific projects rather than simply speculating with the currency.   The switch will go a long way towards silencing critics worried about crypto's impact on the environment FOR YOUR CONSIDERATION You’ve heard it all week… all month, really. "CPI data is going to destroy the market!" Well, the numbers just rolled out a few minutes ago. inflation numbers are in, and that means action. Corey breaks down the technical signals surrounding a technology stock that's been battered recently... and which might provide an opportunity for investors willing to act now. [BOTTOM?]( Enjoying Dawn Report? Learn something, made some money? 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