Big Tech faces RECKONING

No week more important for earnings ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ This is a big week for tech companies... and just about everyone is going to be reporting earnings. I'll admit some misgivings. Last Friday, SNAP was down by more than 28% during the trading day... and it kept falling in after-hours. That's a bad sign for the online ad market. We should also keep in mind the hiring freezes that some major tech companies were pushing through over the last few months... including Microsoft, Meta Platforms, Google, and Netflix. And depending on who you believe, Elon Musk may be planning on cutting as much as 75% of Twitter's workforce. It's rare that earnings alone can shift the entire market, but we're talking about earnings reports this week that alone represent about a quarter of the S&P 500 Index. You can also bet the Fed will be paying close attention. If there's anything that can force the Fed to ease up on the brakes, it will be Big Tech screeching to a halt. (I have my doubts if there actually is anything that will cause the Fed to rethink its course, but that's another subject). Yet we come into this week filled with optimism after last Friday's incredible performance. Even with the doomerism and intrigue about what's happening in Europe and Asia, some are daring to ask the forbidden question... Is the bull market back? Before you make any big moves, check out Chris Hood's article today to know how to play it. Sneak preview - it's all in the numbers. Keep Moving, WORD ON THE STREET BoJo Out, Trump Faces Tax Charges, China Up On Earnings - Better Than Expected But... - After an unexplained delay, the People's Republic of China reported its GDP figures. On the one hand, it's a welcome surprise for China bulls - GDP growth year-on-year was 3.9%, better than the 3.4% that analysts expected. However, that's still far short of the 5.5% yearly GDP growth set by the Party. - Boris Johnson Takes Himself Out Of The Running - After Liz Truss's fall, the Conservatives are scrambling for a new leader. The possibility of a Boris Johnson comeback fizzled out as the former PM said it is "simply not the right time." The presumptive heir to the throne (metaphorically of course, as King Charles III reigns) is former Finance Minister Rishi Sunak. Sunak has reportedly received the backing of about 140 MPs so far - Trump Organization Faces Court - Jury selection will begin in a case brought against The Trump Organization and the Trump Payroll Corporation for alleged tax crimes. Former Chief Financial Officer Allen Weisselberg has already pled guilty to some charges and is expected to testify as part of a plea deal. The former president has not been charged personally. - Court Freezes Student Loan Debt Forgiveness - President Joe Biden's attempt to forgive some student loans has been frozen by the 8th Circuit Court of Appeals. The roadblock for the Administration comes after a series of initial legal victories, including a refusal by the Supreme Court to temporarily block the program. The president's plan would cancel up to $20,000 of student loan debt for some borrowers. "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 - Koreas Exchange Fire - South Korea and North Korea exchanged warning shots over the Northern Limit Line, a contested sea boundary between the two states. Both states accused the other of having violated its sovereign territory. - Xi Jinping Consolidates Power – Former Chinese president Hu Jintao was escorted from a public meeting of the Chinese Communist Party on Saturday. China issued a statement that Jintao had been feeling unwell and now felt much better, but the bizarre scene looked more like Xi Jinping removing a potential rival rather than a health crisis.  - Russia Alleges That Ukraine Planning "Dirty Bomb" Attack - Russian Defense Minister Sergei Shoigu warned American, British, French, and Turkish officials that Ukraine was planning to use a nuclear "dirty bomb" on its own territory as part of a false flag allegation. U.S. National Security Council spokesperson Adrienne Watson called Shoigu's claims "transparently false allegations" and said "the world would see through any attempt to use this allegation as a pretext for escalation." CUTTING EDGE: What[']( Happening In Tech - Space Force Changes Grant Program - The United States Space Force is raising the stakes for the way it awards contracts. Instead of one at a time, the Space Force will pick a group of vendors that will compete for $50 million worth of task orders. The first cubesat program under the new model is scheduled for launch in 2025. - Biden Administration Extends COVID-19 Emergency – Though the pandemic is no longer on most people's minds (and though President Biden himself said it was over) the White House is extending the COVID-19 public health emergency through January 11. The "emergency" frees up billions of dollars for testing and vaccines. - Neuralink "Show And Tell" Delayed - On the platform he may own soon, Elon Musk announced that Neuralink's "show and tell" event has been delayed to November 30. No explanation was provided. Neuralink is preparing to use wireless computer chips to help those suffering from neurodegenerative disorders, but is facing stiff competition from Synchron. With Tesla, SpaceX, Starlink, Twitter, and his forays into international diplomacy, maybe Elon Musk is stretched a little thin FOR YOUR CONSIDERATION "Based on the emails I get from friends, clients, and fellow traders, everyone is still trying to time the bottom of the market." "Amid the panic and pessimism, days like Friday resurrect another emotional demon." "Hope." Hope is the first step on the road to disappointment. Well, not always, but often enough that traders buoyed by temporary gains find themselves on the path to ruin. Before you make a trade, make sure you've got the numbers on your side. Chris Hood breaks down what you should be relying on... and it's not emotion. [BEAR MARKET RALLIES - HISTORICAL CONTEXT]( 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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