Catastrophic FAA failure spotlights CPI report today

Can we still trust in our institutions? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ So is this the new normal? One of the implicit premises with the "Internet of Things," the "metaverse," the "Great Reset," or whatever other grand new scheme The Powers That Be want to impose on the world is that our society is capable of maintaining the complicated systems that keep everything running. That may not be the case. Thousands of flights across the country were canceled yesterday. Why? "A damaged database file," according to the FAA. Thanks, I feel much better now. Transportation Secretary Pete Buttigieg said that his department will try to get to the bottom of it, but this marks the second big screwup in just a few weeks, after the Southwest disaster recently. It wasn't just the United States that was hit. Canada's air traffic system faced a similar outage. Canada's national air navigation service provider, Nav Canada, said that "we do not believe it to be related to the FAA outage experienced earlier today." I'm not sure if that makes me feel better or worse. Currently, the federal government does not believe that the failure was the result of a cyberattack or another external source. But that might make things worse. There's a larger question of whether our institutions are able to handle problems at scale as globalization breaks down and supply chains are choked by labor shortages, geopolitical confrontations, and a never-ending pandemic. This brings us to the Consumer Price Index data that will be released today. There was a definite mood of optimism on Wall Street yesterday, as the expectation is that the Fed has done enough to bring inflation down. Yet if the CPI reports hotter-than-expected inflation, the result could be ruinous. The lesson of all this is simple - don't count on regulators, bureaucrats, or the so-called "experts" to take care of everything. Trust in yourself, your trading team, your toolkit, and above all, the hard numbers. 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 CPI Report Hits, Alphabet And BLK Cutting Staff, DIS/NKE Drama - Watching The Tea Leaves Again - It's going to be another one of those days where we sit and wait for inflation data like reporters getting the verdict at a celebrity murder trial. The Consumer Price Index data will hit at market open this morning, and it will provide invaluable guidance about what the Fed is likely to do regarding interest rates. Yesterday, there was an optimistic mood, with a 22v Research survey finding that 2/3 of respondents are expecting core CPI data to come in lower than the consensus. - Alphabet's Health Sciences Unit Slashes 15% - Verily CEO Stephen Gillett had some bad news for employees of Alphabet's health sciences unit. About 15% of employees are going to go. It's the first wave of layoffs that's hit Alphabet since the recent wave of tech job cuts... it's unlikely to be the last. Verily is restructuring as it tries to become financially independent from Google's parent company. - Big Mouse Gets New Board Chair From Big Shoe - Nike executive chairman Mark Parker is the new board chair for Disney (DIS). Parker has been on the board since 2016. He was Nike's CEO until 2019. The move comes as Disney's returning CEO Bob Iger struggles to transition the company to new leadership, as he said he would only return for two years. - BlackRock Latest To Slash Workforce - Watch out for falling bodies if you're strolling down Wall Street. Even as markets rally in recent days, the wave of layoffs and cutbacks among elite firms continues. The world's largest asset manager, BlackRock (BLK), is the latest, cutting about 500 employees. The layoffs represent about 3% of the giant's workforce. HOT SPOTS: What's Going on in Geopolitics - Swedish Housing Market Collapses - And so it begins. Housing prices in Sweden are down 13% from the peak in February, according to analyst Gustav Helgesson at Nordea. It's the predictable outcome of an aggressive policy of hiking interest rates that began in 2022. It may also be a sign of things to come for the rest of the world, including the United States. - American/Japanese Alliance Boosts Defenses On Okinawa – Japan is going to boost its military spending by 40% as the United States and its World War II enemy tighten their alliance in the face of China. The United States has also reportedly agreed to provide Japan with advanced anti-ship missiles that will be stored on Okinawa by 2025. - Chinese Flight Bookings Lag Expectations - There was plenty of hopeful coverage about China's future after it reopened its borders last week... but the results haven't been as great as anticipated. ForwardKeys reports that outbound flight bookings from China are at just 15% of pre-pandemic levels. Other countries are also imposing controls on Chinese travelers, even as Beijing lifts its own limits. South Korea recently rebutted claims that its own travel controls against Chinese arrivals are "discriminatory" by saying that most of its imported cases come from the People's Republic. 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 - This Is Fine - Global PC shipments fell by 28.5% to just 65.3 million units according to Gartner. This is the worst quarterly shipment decline since Gartner began tracking PC's in the 1990s. It beats the previous record... which was last quarter. - "Nothing Is Over!" – You thought crypto was over? You though the whole house of cards would come tumbling down? You thought wrong. At least according to Binance. The world's largest cryptocurrency exchange is planning to increase staff by 15-30% this year, as revealed by CEO Changpeng Zhao. Binance is one of the last men standing as crypto exchanges have been gutted by FTX's collapse. - "They May Take Our Lives, But They'll Never Take Our Gas Stoves!" - After the U.S. Consumer Product Safety Commission said that it would be reviewing gas-burning cooktops because of their alleged dangers to human health, many Americans exploded like a stove left on over vacation after you light a match. After all, about 40% of the stoves and cooktops in the United States burn gas. White House Press Secretary Karine Jean-Pierre sought to cool the controversy by backing away from the proposal. "The president does not support banning gas stoves," she said. ΜΟΛΩΝ ΛΑΒΕ - COME AND TAKE IT FOR YOUR CONSIDERATION "Directional plays like long calls and call debit spreads could easily get slapped back down as the price moves into an area of supply. Sellers congregate at these levels creating a supply zone." Chris Hood has set up an incredible trading system - but you can't pull the trigger on every single possible trade. "Long and short signals on any indicator must be confirmed by a structure that supports the signal," he writes. So how do you know when to go all out - or, more importantly, when to back away? Chris Hood lays down three signs to look for before entering a trade. [SHARPENING YOUR TRADING EDGE]( ) 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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