Fed WOBBLES on interest rates

Jerome Powell suggests December might see smaller hike ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Consider it Stockholm Syndrome. Federal Reserve Chairman Jerome Powell didn't back down from hiking interest rates. He simply suggested that the central bank is going to do it more slowly... and investors love him for it. "It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down," he said. "The time for moderating the pace of rate increases may come as soon as the December meeting." We should be very precise when looking at that kind of language. It "MAY" come as soon as the December meeting. Chairman Powell is leaving himself some wiggle room. More to the point, all we are talking about is slowing the pace of interest rate increases. There doesn't seem to be much consideration of actually cutting interest rates or leaving them the way they are. That has some people worried. For example, Elon Musk tweeted earlier this week that the "Fed needs to cut interest rates immediately." "They are massively amplifying the probability of a severe recession," he said. However, such Doomerism wasn't welcome on the market yesterday. Stocks boomed. The bet investors are making is that the Fed has managed to limit inflation without pushing us into a recession. The short-term and long-term pictures are significantly different for many investors. Make sure you have this dual approach in your trading strategy. There could be some stocks you can turn around for a quick again over the next month... while still preparing to batten down the hatches for 2023. Remember, all markets are potentially winning markets. The only consideration is whether you have the right tools and the right team at your back. And that's something you don't have to worry about. Keep Moving, [TRADECOMMAND]( perhaps the single greatest weapon ever put in the hands of Main Street investors. THE OFFENSIVE is already underway. [Don't be left behind.]( WORD ON THE STREET Apple Armistice, Powell's Proclamation, Trump's Taxes - What Traders Wanted To Hear - Federal Reserve Chairman Jerome Powell eased investors' concerns when he said that the Fed is preparing to moderate its approach on interest rates. Most believe that this means the Fed will only increase interest rates by half a point at the next meeting, as opposed to another 0.75 basis points hike. The Dow roared back, gaining more than 737 points. - We Only Make Peace With Our Enemies - After Spotify, Meta Platforms, and Netflix all expressed support for Elon Musk and skepticism of the model behind Apple's App Store, the war between Musk and Apple suddenly ended. Musk was given a tour of Apple's HQ and said he enjoyed the "good conversation" and the opportunity to resolve misunderstanding. Musk Said CEO Tim Cook told him Apple "never considered" removing Twitter from the App Store - The Audit From Hell - After a three-year legal battle, the House Ways and Means Committee finally got former president Donald Trump's tax returns. The IRS provided the records after the Supreme Court denied a last ditch effort to quash Congress's request. However, it's unclear what '45's enemies expect to find. - Does Michael Burry Just Have One Trick? - Michael Burry, the investor made famous by The Big Short, tweeted and deleted another one of his prophecies of doom. "What strategy will pull us out of this real recession?" he asked. "What forces could pull us so? There are none. So we are really looking at an extended multi-year recession." Trade of the Decade: The Most Critical Stock to Own Now Mr. X identifies “the most important company that you’ve never heard of…” and how you can take advantage of it to reap potentially life-changing profits. [Click the link here before it’s too late.]( HOT SPOTS: What's Going on in Geopolitics - Poll: Support For War Plunges In Russia - According to a report for the Kremlin's Federal Guard Service, just one in four Russians supports the current military campaign in Ukraine. It's a staggering drop in support from the strong majority that supported it just a few months ago. The poll was reportedly obtained by investigative news site Meduza. - China/Russia Buzz South Korea – Two Chinese fighters and six Russian fighters flew into South Korea's air defense identification zone, known as KADIZ. While the fighters did not actually violate South Korea's territorial airspace, the republic still scrambled its own fighters to intercept. The Russian and Chinese fighters left soon afterwards, with the provocation causing no casualties.  - Jiang Zemin Dies - Former Chinese president Jiang Zemin has died, leading to a potential problem for the Chinese government. Official press are mourning the former leader, with the People's Daily pronouncing, "Beloved comrade Jiang Zemin will never be forgotten." However, the death comes at a time of high tensions when Chinese are protesting against the strong lockdown measures taken by Chinese President Xi Jinping. The more liberal Zemin era might look appealing to unhappy Chinese today.  CUTTING EDGE: What[']( Happening In Tech - Salesforce Shakeup - Bret Taylor is leaving his role as co-CEO at Salesforce. Marc Benioff is once again in sole control, having lost a co-CEO for the second time in about three years. CRM gained during the trading day, but lost more than 6% in after-hours trading. - Sam Bankman-Fried Speaks Out – He may be one of the most hated men in the world right now, but FTX head Sam Bankman-Fried has admitted only to errors of judgment, not moral intent. "I didn't ever try to commit fraud on anyone," he said. "I saw it as a thriving business and I was shocked by what happened this month." However, that doesn't mean he's saying he did everything right. "We completely failed on risk," he admitted.  - Robocops Come To San Francisco - With an 8-3 vote, supervisors in San Francisco, California granted police the power to use robots who have lethal capabilities. "Robots equipped in this manner would only be used in extreme circumstances to save or prevent further loss of innocent lives," said a police spokesperson. "San Francisco is not a warzone, and these kinds of devices are not needed to protect this city," said a supervisor who voted no. FOR YOUR CONSIDERATION “If Musk has triumphed on the corporate front, he still needs to worry about what could happen in Washington. Ascendent Democrats are likely to expand their majority in the Senate, and the Biden Administration has numerous tools it could use against Musk. However, the new Republican House is likely to be far friendlier to him.” lot has changed in just the last 24 hours. Elon Musk looked isolated and vulnerable, but now he has big players in tech rallying to his side. And it's Apple which is suddenly scrambling for cover. Mr. X explains the corporate battle taking place now, what's likely to happen in DC, and how the most dangerous opponent the TecnoKing faces may be in Brussels. [MUSK'S WAR]( 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. 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