Fed does right thing, angers everyone

A good compromise leaves no one happy ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The Fed did what most said it was going to do... The most recent CPI data provided nothing but good news... And the Dow ended the day down anyway. What gives? The problem is that markets aren't just looking for smaller rate hikes. Investors are looking for the "pivot," a halt to rate hikes and maybe even a reversal. We're so committed to the inflation battle that we lose sight that a half-point interest rate increase would be a dramatic action in almost any other context. The benchmark level for interest rates is now near the highest level in about 15 years. And the pain isn't over. Rate hikes will continue until morale, er, inflation rates, improve. When will the pain be over? Probably not until the interest rate stands above five percent. So yes, in the short term, the Fed did what was expected. However, from a broader view, the Fed massively disappointed investors who were expecting interest rates to remain below 5%. We may well be nearing the "soft landing" but the Fed is playing a very delicate game. It is risking recession with these continuous hikes but there is a palpable fear that if they release the pressure altogether inflation will return like a nightmare. Thus, we got the same kind of late-day plunge we saw two days ago. Some traders may have been caught off guard... you may have been among them. It happens to everybody. Don't worry. Chris Hood's column today shows what you can learn from defeat... and how it can pave the way for greater victories. Keep Moving, I’ve already closed 250 winners on this stock in the last 12 months… And on December 20th, during the Dragnet Wealth Summit – I’m going to share the ticker with you, plus how you can apply this strategy to boost your income by an extra $52,000 this year. [Click this link right here to RSVP now.]( WORD ON THE STREET No One Is Happy, Which Is Probably A Very Good Thing - Biden Or Bust - According to a new CNN poll, almost 60% of Democratic voters want someone other than Joe Biden to run for president in 2024. However, there's no one else. A remarkable 72% have no one specific in mind. The leading candidate is Transportation Secretary Pete Buttigieg... who is preferred by just 5% of those polled. VP Kamala Harris wins support from just 3%. - The Fed Raises Interest Rates By 50 Basis Points - No surprises from the Fed as the central bank raised the benchmark interest rate by 50 basis points, bringing it to the highest level in 15 years. While this snapped a string of four, count them, four consecutive 75 basis point hikes, it still represents a hawkish policy on inflation. The Fed's move didn't shock investors, but it didn't thrill them either - probably a good sign that it was the right thing. While borrowing costs are expected to top 5% by the end of 2023, mortgage rates are showing signs of coming down - Ken Griffin Sues IRS Over Leaked Returns - Are a billionaire's tax returns private information? ProPublica published the returns of mega-investor Ken Griffin and other wealthy Americans, through it claims it didn't solicit the material and doesn't know who sent it. That's not good enough for Mr. Griffin, who filed sued against the IRS because of its alleged "unlawful disclosure" of his private information and their "willful and intentional failure" to safeguard it.  - Musk Sells More Tesla - He can't keep going at this rate. Elon Musk has sold another $3.6 billion in Tesla (TSLA) stock, with the latest trades coming between December 12 and December 14. TSLA dropped almost 2.6% during the trading day and is now flirting with just $150 a share. Since the dawn of Rogue Investing Daily, Mr. X has been keeping his readers one step ahead… Forecasting picks with returns of 390% in under a year... 442% in less than a month... and 1,154% in 16 months... and urging subscribers to hold back from any new crypto investments right before the crypto bear market. [Stay ahead of market shifts and save 70% today.]( HOT SPOTS: What's Going on in Geopolitics - Peter Thiel: Midterms "Depressing" - Peter Thiel was poised to be a GOP power broker, but the Republicans' whiff in the 2022 midterms has him unloading on party leadership. "The part of it that's not merely disastrous but also depressing is just the sense that if we don't do something different, we're just going to be in this Groundhog Day where something like this is going to repeat in 2024, or throughout the rest of this decade," he said. He expressed bafflement that the GOP couldn't win even when huge numbers of Americans were suffering from inflation. "If you can't sort of win in that kind of a context, how are you ever going to win?" he asked.  - $55 Billion In American Aid For Africa – The United States will be providing $55 billion in aid to Africa as part of a three year plan to confront a "wide range of sectors to tackle the core challenges of our time," according to White House national security adviser Jake Sullivan. Almost half, $20 billion, will be devoted to health care. - Americans Charged For Attempting To Smuggle Military Tech To Russia - Two American citizens and five Russian nationals have been accused by the federal government of operating a network to smuggle military technology. The "Serniya network" created an elaborate effort with numerous front corporations designed to disguise financial transfers. The network was allegedly set up in 2017 to get around American sanctions.  CUTTING EDGE: What[']( Happening In Tech - SEC Charges Social Media Influencers With Fraud - "Influencer" is apparently a job in our modern society, but with great power comes great responsibility. Eight social media influencers have been charged by the Securities and Exchange Commission of committing fraud by using Discord and Twitter in a classic "pump and dump" stock scheme. The alleged criminals made about $100 million in ill-gotten gains. - FTX Founder Facing 115 Years In Prison – Sam Bankman-Fried, founder of the FTX crypto exchange, is facing eight separate charges at the hands of federal prosecutors. If convicted, he will face an astonishing 115 years in prison. Federal prosecutors moved uncharacteristically quickly to build a case against him as public outrage continued to build and anti-crypto sentiment consolidated on the Hill.    - Free Speech For Me, Not For Thee? - Elon Musk is being accused of hypocrisy after he banned an account that tracked his private jet. "He really is asking for it because it's just going to get worse in the news," said 19 year-old Jack Sweeney, after the @elonjet account was banned. For his part, Elon Musk said, "Real-time posting of someone else's location violates doxing policy, but delayed posting of locations are ok." TSLA is down about 28% since the TecnoKing conquered Twitter FOR YOUR CONSIDERATION "Over the course of the day, my algorithms had gotten me out of the trade, but the auto-sell order stayed on the books. It became a sell-to-open, and suddenly I found myself in possession of several short naked calls." can't win them all. Of course, the goal is to win them all... but sometimes you need to know how to make the best of a bad situation. Chris Hood shows how you can turn yesterday's loss into tomorrow's profit. [TRADE MISTAKES - OWNING UP AND MOVING ON]( 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. 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