Jobs report spells a ROUGH 2023

Another classic case of "good news is bad news" ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Another case of "good news is bad news." The ADP Research Institute released its National Employment Report... and it showed the economy produced more jobs than expected. That's good news for Americans... but bad news for stocks. The reason is simple. Not long ago, the Fed made it very clear that it was not going to reduce interest rates until inflation hit the target of 2%. That's an insanely ambitious target. Currently, the annual inflation rate is over 7%. With wages increasing and a tight labor market, it seems extremely unlikely inflation is going to be brought down that quickly without crushing the entire economy. Since that is politically unfeasible, especially with the 2024 election campaign underway, the Fed is essentially trapped into a long-term losing strategy. It's not going to be a disaster... it's not going to be a collapse... but the Fed's premise is untenable. Bringing inflation down without the bottom falling out is going to be difficult, but manageable. But the latest data suggest that we are not going to see the Fed move anywhere near it's target. I'd expect the next political battle to be over immigration, where the need for more workers to reduce inflation is going to be a major talking point. That said, it's going to be very easy for people to oppose it, especially when the main argument that proponents are going to be advancing is that we need to reduce wages. The bottom line is that the Fed, and the system in general, has backed its way into a corner. Collapse? Absolutely not. Yet a long slow decline in 2023 seems very feasible. More than ever, it's important to be trading aggressively so as not to be caught by the Fed's failures. There's always a bull market for us - and there's always an opportunity in taking a position against the losers. 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 BBBY Flirts With Bankruptcy, No Speaker, Medvedev Threatens - "Let It Stand Closer To The Potomac River" - Former Russian president Dmitry Medvedev continued to stake out a position to President Vladimir Putin's right, threatening the United States with nuclear weapons. "The main gift of the new year was the arsenal of Zircon missiles that went yesterday to the shores of NATO countries," said Medvedev. He further suggested that Russia's new frigate, the Admiral Gorshkov, should "stand somewhere 100 miles from the coast, closer to the Potomac River." Remember when this guy was the great liberal hope for Russia? - Speaker Of The House... Donald Trump? - If you hold, like Elon Musk, that the most hilarious possible outcome is the most likely, than this is probably what will happen. The GOP continued to savage itself as the caucus repeatedly tried and failed to confirm Kevin McCarthy (R-CA) as Speaker. Florida Rep. Matt Gaetz even voted for former president Donald Trump as Speaker on the 7th failed vote... though '45 himself is telling Republicans to back McCarthy. Rep. Gaetz certainly is showing no signs of backing down, if his Twitter feed is anything to go by - Insiders Not Buying Shares Despite Low Prices - Cathie Wood of ARKK Invest is still buying her favorites, but insiders at numerous companies aren't taking advantage of low prices to stock up on shares. The Wall Street Journal reports that the ratio of insider buying to selling has been decreasing ever since June. That's an ominous sign that corporate executives aren't seeing a recovery anywhere in sight. - Fall Of A Meme Stock - It's been a long time since retail traders made it rain by day-trading Bed, Bath & Beyond (BBBY). The retailer announced that it has "substantial doubt" about "its ability to continue as a going concern," and that it may need to seek bankruptcy protection. The stock was down about 30% yesterday, and has lost almost 88% of its value over the last year. HOT SPOTS: What's Going on in Geopolitics - Putin Tries For A Christmas Truce - Russian president Vladimir Putin called a ceasefire for Orthodox Christmas, which is celebrated by most Christians in both Russia and Ukraine. He follows the lead of Russian Orthodox leader Patriarch Kirill of Moscow. The ceasefire will extend from January 6 to January 7. However, Ukraine has shown no signs of accepting the ceasefire proposal. President Putin may also be doing this to win favor from Turkey, a member of NATO but one which fiercely follows its own diplomatic course. Turkish President Tayyip Erdogan has been pushing Russia to declare a unilateral ceasefire as a precursor to peace talks. - Mexico Arrests Son Of "El Chapo," Sparking Airport Battle – The Mexican government may have just started a conflict with no end in sight after it arrested notorious drug lord "El Chapo's" son Ovidio. In response, sicarios attacked Culiacan International Airport in Sinaloa. Footage on social media shows a Mexican military aircraft landing at the airport while taking incoming fire from the cartel's troops. - Israeli Government Plans To Limit Supreme Court's Powers - Once again, Benjamin Netanyahu is Prime Minister of Israel, and his new right-wing government is taking aim at one of his fiercest obstacles - the country's Supreme Court. Justice Minister Yariv Levin introduced a new plan to limit the court's powers, including by allowing the legislature to pass laws even if the court has found them unconstitutional. "The time has come to act," he said. 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 - A Bad Year To Be A "Cryptocurrency Bank" - Bank runs aren't something we think about very often, mostly because we have the FDIC and there's little danger Americans will lose their entire savings. That's not true when it comes to "cryptocurrency banks." Silvergate Capital Corp. braced investors for the worst by releasing some numbers early and, well, it's not good. At the end of 2022, the bank had $3.8 billion in digital deposits, compared to $11.9 billion just three months earlier. Not surprisingly, SI shares lost more than 43% yesterday. - New COVID Variant Just Dropped – This is just the way things are now. The World Health Organization says there is a new variant of COVID-19, the XBB.1.5, and it is the "most transmissible sub variant that has been detected yet." The subvariant of Omicron is rapidly becoming the predominant strain in the United States, especially in the northeast, where the WHO says it has "rapidly replaced other circulating variants." - And Now, A Vaccine For Bees - The U.S. Department of Agriculture approved a vaccine that will protect honeybees from foulbrood disease, which poses a serious threat to an infection that has no known cure. The disease has spread to as many as a quarter of hives in North America. Dalan Animal Health said its "vaccine is a breakthrough in protecting honeybees." "We are ready to change how we care for insects, impacting food protection on a global scale," said Annette Kleiser, chief executive. Don't worry, if this fails, there will be tons of news articles about how this is actually all your fault FOR YOUR CONSIDERATION "In a political culture obsessed with losing face, China looks weak." China's rise was supposed to be inevitable. In fact, this was supposed to be the Chinese century. But a funny thing happened on the way to Chinese hegemony. A few things actually - China was caught off-guard by Russia's quagmire in Ukraine, American export controls hit China hard, and now the Chinese government has been forced to 180 on its "zero-COVID" policy. And here's the thing about authoritarianism - everyone knows exactly who to blame when something goes wrong. In this case, that's President Xi Jinping. Mr. X shows why the current COVID crisis is a big problem for China's de-facto dictator. [THE STORM MAY BE COMING FOR XI JINPING]( ) 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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