"Hey kid, want to be Speaker of the House?"

Political chaos reigns on the Hill as GOP feuds with itself ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Markets hate uncertainty. Capital is a coward, as they say. And we're starting the new year with massive political instability. Remember that poll I told you about yesterday which said 90% of Americans predicted increased political conflict this year? Who would have thought that it would be within the Republican Party? As this is written, the House of Represenatatives still does not have a Speaker. The Republicans that won a (narrow) majority in the midterms can't coalesce around Kevin McCarthy. He's now lost six - count em, six - votes. Some are even speculating that there could be a "consensus figure" that would win the support of some Republicans or Democrats. Or, brace yourself for this, the Democrats could get one of their guys in as the Speaker even though they are in the minority. Traders need to pay attention to this because a GOP House had the potential to stop any new major legislative initiatives by President Joe Biden as the 2024 election gets started. (Yes, it really is starting already). If the Democrats are in charge, we could see more spending, more infrastructure programs, more foreign aid, and, critically, energy policies that will have a major impact on key companies. Remember, Chief Investment Strategist Adam O'Dell says that we could be seeing a SUPER BULL emerging in the oil market... and he has one stock that thinks could dominate the sector. [Get the full details here...]( ) and keep your eyes on Washington. The news is changing every minute, and this year promises to be far, far crazier than 2022. We can't afford to stand still. Keep Moving, 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.]( ) WORD ON THE STREET Six Straight Losses, Fed Sees No Rate Cuts, Layoffs Underway - General Motors Is Back In Style - Don't ever count out the true blue-chips. General Motors beat Toyota last year and reclaimed the title of the top-selling auto company in the United States. GM sold about 2.27 million vehicles in 2022. It was a 2.5% increase over 2021 - and, oddly enough, about the same gain that the stock saw yesterday. - Thinking I Should Throw My Hat In the Ring - After all, I seem to have a better chance at being Speaker of the House than Kevin McCarthy. After a humiliating sixth straight defeat, negotiations are underway for a consensus candidate that will bring Republicans and Democrats together for a new speaker. GOP leaders are furious with the anti-McCarthy bloc in their own party, led by by Florida Rep. Matt Gaetz. Rep. Gaetz has even broken with former president Donald Trump on the Speaker controversy, calling '45's support for McCarthy "sad!" - No Pivot In Sight - Those who are expecting the Federal Reserve to "pivot" on interest rates and start delivering some interest rate cuts may be kidding themselves. Minutes from the December meeting have been released and showed that Fed officials foresaw no cuts in 2023. They said that a "restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2 percent, which was likely to take some time." I'll say. - Amazon Cutting 18,000 Jobs - And so it begins. 2022 saw the stock market fall and some worries about a recession, but unemployment wasn't much of a concern. That may finally be changing. As the company attempts to cut costs, Chief executive Andy Jassy said that about 18,000 positions will be axed, about 6% of the workforce, as the company adjusts to what it fears is slower consumer spending. This comes on top of a pre-existing hiring freeze. HOT SPOTS: What's Going on in Geopolitics - Jamie Dimon Calls For American Leadership - JP Morgan Chase & Co CEO Jamie Dimon said "the West leads American leadership" in a recent editorial for The Wall Street Journal. He said the Russian invasion of Ukraine "punctured many assumptions about the future of the world and was thus a pivotal moment in history." However, while he said America needs to act forcefully, he also said it should "lay to rest the idea that America can stand alone," calling for a "Marshall Plan for global energy and food security." - Russia Moves Hypersonic Missiles Into The Atlantic – The Russian ship the "Admiral Gorshkov" is a modern frigate that is a key part of Moscow's plan to replace the aging Soviet-era fleet. Russia claims its "Zircon" hypersonic missiles are capable of avoiding any Western air defenses. In a show of power, Russia is sending the ship on a global tour, including a trip through the Atlantic Ocean and waters the United States traditionally regards as part of its sphere of influence. - Israel Shifting Towards Russia? - Israeli Foreign Minister Eli Cohen, settling into his position as part of the new government, signaled a possible shift from Tel Aviv regarding the war in Ukraine. "On the issue of Russia and Ukraine, we will do one thing for sure - speak less in public," he said. Cohen spoke to Russian Foreign Minister Sergei Lavrov directly last week, the first such communication at such a high level since the beginning of the Russian invasion. JPMorgan declares this new oil boom is a SUPER bull for oil and says "an energy revolution is underway." Which is why Chief Investment Strategist, Adam O’Dell, has just released the details on his No. 1 oil stock of 2023. [Click here for more details.]( ) CUTTING EDGE: What[']( )s Happening In Tech - Salesforce Slashes 10% Of Workforce - It's not just Amazon. Salesforce (CRM) is restructuring, and as part of it, it's cutting about 10% of its personnel, almost 8,000 people. This is on top of previous layoffs in November. "As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we're now facing, and I take responsibility for that," said co-CEO Marc Benioff. (He's taking responsibility, but no, not in the form of losing his job. The fired workers take that responsibility because, you know, that's how the world works. Hence why you need to trade if you want to build wealth in this ruthless world.) - Coinbase Settles With Feds – Coinbase (COIN) has settled with New York's Department of Financial Services, ending an investigation into the company's practices to control money laundering. The settlement includes a $50 million penalty. "Coinbase failed to build and maintain a functional compliance program that could keep pace with its growth," said New York DFS superintendent Adrienne Harris. "That failure exposed the Coinbase program to potential criminal activity." - Sony And Honda Join Up For EV Effort - Look out Tesla, because here comes the competition. Sony and Honda are launching a joint effort called "Afeela" with the goal of having an EV ready for the North American market by 2026. It rolled out a prototype at the CES exhibition. A leading corporate official said that the effort would prioritize "interactive mobility" with a heavy emphasis on AI. That all sounds very well... but that's still a three year head start for TSLA and other EV companies to secure market share. Honda is playing catch-up when it comes to the North American EV market FOR YOUR CONSIDERATION When I look at a potential trade set-up I tend to rank it depending on how strong my indicators are flashing. There are great set-ups, good set-ups, and risky set-ups. Slow and steady wins the race. Consistency. High probability trades. Yeah, you've heard it all before. But sometimes... sometimes you need to make like the Great Bambino and call your shot. Chris Hood explains what to understand when it's time to swing for the fences... and that includes being comfortable with risk. [SWINGING FOR THE FENCES]( ) Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. 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