Consumer Confidence SURGES But...

Housing market collapses as recession fears linger ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Suddenly, optimism. The combination of solid earnings from FedEx and Nike got the market going yesterday... but that wasn't the big news. What really mattered was a new report that showed consumer confidence hit the highest level in eight months. Now, that doesn't mean that the hard part is over. Home sales are declining. Tech companies are still facing major challenges both from new regulatory initiatives (like that which Meta is facing in Europe) and from arguably self-inflicted wounds (like Elon Musk and Tesla). There are also fundamental supply problems, a possible energy crisis (it's going to get very cold, very fast), and the gradual decoupling of the American and Chinese economies. President Volodymyr Zelenskyy's visit to Congress may have inspired many Americans who support Ukraine, but it also ensures that the war in Eastern Europe will probably continue indefinitely, or at least until the Russian government withdraws troops or totally collapses. (And that situation, spoken of so casually by many American policymakers, would probably not guarantee stability.) There's also the swelling federal deficit... something which isn't going to matter in the short term... but eventually the bill comes due. More than ever before, what is required is speed, boldness, and confidence. There is no longer a news cycle... it's a continuous grind. Market openings and closings mean little. We have to be on call 24/7. We have to be almost superhuman in our analysis, dedication, and work ethnic. 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[Click this link right here for all the details]( WORD ON THE STREET Zelenskyy Takes DC, Consumer Confidence UP, Home Sales Plunge - Hail The Conquering Hero - With a few exceptions, Ukrainian President Volodymyr Zelenskyy received a rapturous reception from both parties on Capitol Hill, earning a standing ovation in a speech to Congress. President Zelenskyy appeared conscious that some Americans are beginning to question the seemingly never-ending aid to Ukraine, assuring them that taxpayer dollars would bring in big returns. "Your money is not charity," he said. "It's an investment in the global security and democracy [sic] that we handle in the most serious way."   - Home Sales Fall For 10th Straight Month - Rising interest rates are cutting into home sales, with the longest stretch of falling home sales since 1999. Consumers are holding back from big-ticket purchases in general, with customers showing caution even when it comes to things like appliances. Rising interest rates heading into 2023 has would-be home buyers holding back - Trust, But Verify - Though consumers are leery of big ticket purchases, confidence in the overall economy is slowly growing. The Conference Board reported that the consumer confidence index is at 108.3 - the highest level since April. It's a significant increase above what economists predicted - just 101. If this was a stock, we'd call it a significant beat on both earnings and revenue. - Triumph Of The Shorts - During the pandemic, shorts were famously taken to the cleaners continuously by foolishly betting against meme stocks and Tesla. But the tables have turned. Short-sellers will probably see their first yearly gain since 2018 - having made about $303.7 billion in realized and unrealized gains this year. The average short return? A very solid 31.2%, according to research from S3 Partners.  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 - Russia Warns Against "Escalation" - But what else is new? Kremlin spokesman said that the shipment of American Patriot missile systems to Ukraine "leads to an aggravation of the conflict and, in fact, this does not bode well for Ukraine." Russian Defense Minister Sergei Shoigu announced that the Russian military would expand to 1.5 million soldiers, though it's unclear how quickly it will be able to reach that size while engaged in combat in Ukraine.   - S-400 And Iskanders On "Combat Duty" In Belarus – While the United States feted its Ukrainian ally, President Vladimir Putin expanded Russia's military footprint in Belarus. Belarussian President Aleksandr Lukashenko bragged that Russian air defense systems and offensive missiles are now deployed in his country. "Today, we put on combat duty the S-400 complex, which you handed over to Belarus, and most importantly, the Iskandar complex, which you also, having promised it six months ago, handed over to us," Lukashenko told Putin.  - WHO: COVID-19 Surging In China - The World Health Organization raised skepticism about the supposedly low death toll in China now that the country has lifted its strict zero-COVID regulations. "In China, what's been reported is relatively low numbers of cases in ICU's, but anecdotally ICUs are filling up," said Dr. Michael Ryan. "We've been saying this for weeks that this highly infectious virus was always going to be very hard to stop completely, with just public health and social measures."  CUTTING EDGE: What[']( Happening In Tech - Tesla Turns To Layoffs - It's sad but true. If the stock is faltering, the best way to get it going again is announce some layoffs. So it is with Tesla, which reportedly will be freezing hiring in the next quarter as well as cutting jobs. Elon Musk said last summer that TSLA would cut about 10% of the workforce. TSLA lost a small amount during the trading day but gained it back and more in after-hours trading. - SBF Thrown Under The Bus – Hell hath no fury right? Sam Bankman-Fried's former lover Caroline Ellison is reportedly turning state's evidence in the upcoming fraud case on Sam Bankman-Fried. She pled guilty to seven counts and faces a possible 110 years in prison - raising the question of what she actually has to gain from siding with the prosecutors. - China Steps Up Its Semiconductor Efforts - Facing a systematic American effort to cut China off from the technology needed to produce semiconductors, China is trying to build its own homegrown alternative. Domestic chip companies are surging, with nearly 60% trading at least 20% over their listing price, according to The Wall Street Journal. Semiconductor IPOs are also raking in capital, with 10% having doubled since going public.  While China is stepping up chip production, its real problem is developing a substitute for the machinery that allows chips to be built FOR YOUR CONSIDERATION "SPY is an ETF – a security that tracks the SPX index through the price of its shares. Like an individual stock, you can trade the shares or hold them as an investment." risk. An unfamiliar term to many beginning traders, but a potential deadly threat to your portfolio. It essentially means that you may be forced to make unprofitable moves. Is there some ridiculously simple "one weird trick" to get out of this? Actually... yes. It really is that cut and dry. One technique and you'll never have to worry about being "assigned" again. Chris Hood explains how it's done. Check it out. [GETTING OUT OF ASSIGNMENTS]( 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. 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