Inflation CRUSHING economy, but markets surge

Stock trading is getting meta ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The expectations game gets meta real fast. The big headline yesterday was that the Consumer Price Index report for September showed that inflation rose more quickly than expected. In theory, that should have led to a panicked selloff. After all, it's yet more proof (as if we need it) that the Federal Reserve is going to raise interest rates. Again, there will be no "pivot" from Jerome Powell and the Fed. Interest rates will increase until the market implodes. This is essentially the stated policy. However, the market surged yesterday. The Dow was up 828 points and the NASDAQ gained more than 2%. It was especially surprising because we got the initial plunge, with the Dow dropping about 500 points before an increase so fast it gave traders whiplash. You can look at this however you want, but on the surface, it doesn't make sense. Yet if you break out your technical toolkit, all is revealed. One big factor was that the S&P 500 tested the critical support level of 3,505 - about halfway between COVID-19 lows in 2020 and a high in January. Sometimes, the numbers guide the trades, not a Narrative. The time of year also matters - and late October is known as a "bear killer." Still, to reverse the old adage, I try not to get lost in the forest. Instead I look at a tree. Bring all your weapons to bear on a single target before acting. And remember, multitasking isn't a good thing. It's better to act with furious intensity and total commitment on one trade before moving on. I will show you how to do that below. Don't miss today's column. Let's end the week strong. With inflation as high as it is, trading is a necessity for all Americans. There's no one coming to save us. We have to do it ourselves. Keep Moving, WORD ON THE STREET CPI Shocks, Trump Subpoenaed, AMC Insiders Profit Off APES - '45 To Face The House? - The House committee investigating the January 6, 2021 riot at the Capitol has subpoenaed former president Donald Trump. However, given that vice chair Liz Cheney (R-WY) is already on her way out after losing re-election, there is little pressure from within the GOP to encourage the former POTUS to go along with it. President Trump blasted the committee and a legal battle to force him to appear could take time. By the time it's resolved, the Republicans may have won back the House of Representatives. If the Democrats keep control, this issue may persist. - Inflation Getting Worse - Bad news for the Federal Reserve (and stock traders) as the Consumer Price Index for September showed that prices for just about everything are increasing. One of the few things that declined in September was gasoline - and gas prices are going up again after OPEC+ recently cut production. Core inflation, which excludes food and fuel, increased at 6.6%, the fastest rate since 1982. "My eyes! The rate increases do nothing!" - "Apes Together Strong! I Mean... Poor" - Have meme traders been taken for a ride? Newly released data shows that insiders heavily sold AMC Entertainment (AMC) when it was a meme stock darling. This includes CEO Adam Aron, who sold over $100 million in AMC stock around early 2021. AMC has lost about 80% of its value over the last year. - Belarus Initiates "Counter-Terrorist" Operation - Is Kyiv about to be hit from the north? Russian ally Belarus has reportedly introduced a "counter-terrorist operation regime." The new legal status gives the security services broad powers. Foreign Minister Vladimir Makei claimed that "there was information that some neighboring states were planning provocations on, pretty much, the seizure of certain sections of the territory of Belarus."  “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 - Fury Against Zero COVID Rules Sparks Rare Chinese Protest - Public political dissent in China is, well, rare. Those who speak out against the Communist Party tend to come to a bad end. However, some Chinese reportedly hung banners from Sitong Bridge in Beijing, with the text denouncing the "traitor" Xi Jinping. They also blasted COVID-19 testing and lockdowns. Security officials quickly removed the banners and Chinese social media censored any reports of the incident. - Macron Tries To Thread The Needle – French President Emmanuel Macron expressed his determination to keep trying for peace in Ukraine. "We do not want a world war," he tweeted, which is something of a relief. He called on President Vladimir Putin to withdraw from Ukraine and respect the country's territorial integrity, but added that France would "never" help Ukraine "attack Russia." - CNN: SpaceX Asks Pentagon To Pick Up The Tab - CNN reports that SpaceX, whose Starlink satellite Internet has been invaluable to Ukrainian defense efforts, can no longer afford to keep providing the service to the beleaguered nation. "We are not in a position to further donate terminals to Ukraine, or fund the existing terminals for an indefinite period of time," SpaceX's director of government sales reportedly wrote. Starlink outages have stymied a Ukrainian offensive that looked poised to liberate the entire Kherson area before Russian reinforcements could arrive. CUTTING EDGE: What[']( Happening In Tech - Crypto Armageddon Continues - NYDIG, a bitcoin services company, has reportedly laid off a full third of its workforce. The Wall Street Journal reported that about 110 people had gotten the ax before September 22, and corporate leadership has been reshuffled. It's a grim time for a firm that had raised about a billion dollars in a funding round last year. - Salesforce Begins Layoffs – San Francisco's largest employer is reportedly laying off workers as it struggles with the slowing economy. Protocol reports that at least 90 employees have lost their jobs and that there is a hiring freeze in effect until January 2023. Salesforce Inc. stock (CRM) was up over 2.2% yesterday during the trading day. - BBC Investigation Finds TikTok Profits From Charitable Gifts - A BBC investigation found that the bulk of charitable donations made to Syrian refugees don't reach the intended beneficiaries. Sure, they get something - but it's as little as $19 from a $106 donation. TikTok responded to charges of profiteering by telling the BBC: "We are deeply concerned by the information and allegations brought to us by the BBC, and have taken prompt and rigorous action."  Remember, in the end, it's just business FOR YOUR CONSIDERATION I leave you alone for ten days and look what happens to the market! I kid, I kid… For the first time in four years, I stepped away from the trade desk and took the family to Holden Beach, NC for some much needed downtime. Out of the frying pan (or at least the beach) and into the fire. Corey breaks down the technical signals on a potential trade and shows how to look for the "dip before the rip." [THIS IS WHY WE CAN'T HAVE NICE THINGS]( 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. 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