This week - the China crisis

Washington warn Beijing over possible arms shipments ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Can America survive an economic showdown with China? Consider the damage that's already been imposed on the world economy because of the war in Ukraine. Now, China is reportedly considering providing military aid to Russia. President Vladimir Putin had said just before the invasion (1 year now) that there was "no limit" between the partnership of China and Russia. Today, China may feel like someone whose drunken friend just picked a fight in a bar with a huge group of people. You can't just leave him on his own... but this isn't going to go well for you and wasn't exactly your plan for the night. China has avoided being dragged into the war and has provided only limited help to Moscow thus far. However, regardless of the war in Ukraine, President Joe Biden probably would have pushed his aggressive effort to cut China out of the semiconductor market. That's already creating havoc in the Chinese economy... and empowering hardliners within the CCP who are eager for a confrontation with the United States. National Security Adviser Jake Sullivan warned China last week that the White House is "watching closely" and that providing weapons would be a "real mistake." At the same time, China would suffer a major strategic defeat if its ally to the west was undermined - or, worse, if there was regime change. Investors need to be aware of these seemingly irrational calculations. The world would be much easier to handle - and far more peaceful - if people are just interested in money. However, pride, ambition, and patriotic feelings can lead even the most cautious leaders into courses of action that may make no economic sense but are politically necessary. This could be a very interesting week. And coming off the worst week of 2023 for the stock market, traders need to be ready. The Bad Old Days of geopolitics may be upon us again. And that means resources, central control, and above, all, [ENERGY]( )will once again be the most important considerations for traders. Keep Moving, COACH'S CORNER "Hopefully, everyone had a safe and relaxing weekend. Now it’s time to dive back in for even more profits." "Always start with futures when analyzing the coming day. I trade the E-Mini S&P 500 futures (/ES) so I’m always watching. At the time of this writing (8:45 PM EST), they’re up slightly, along with most of the other major indices. While this could be a sign of a slight bounce or potentially flat opening, make sure you look at them in the morning. A lot can happen overnight." "Let’s take a look at the SPX daily chart above:" "We’ve found some slight support at around $3945.00, which could mean a bit of bounce, However, we’re still firmly in a downtrend heading towards $3800.00. The path of least resistance is down, so be extremely careful with any bullish trades." "When the market falls, it tends to drag most down everything with it." "If you are interested in some bullish ideas, keep watching for strength in the dollar (UUP). Market drops make cash a safe haven for investors." "Should we get a bounce, it isn’t likely to last. This situation is perfect for setting up potential short trades on tickers such as GOOGL, MSFT, and TSLA." Cheers, Chris Hood WORD ON THE STREET Student Loan Showdown, Union Pacific CEO Out, More Twitter Cuts - Supreme Court Case On Student Loans - Arguments will begin tomorrow at the Supreme Court about President Joe Biden's executive order to forgive student loan debt through the Higher Education Relief Opportunities for Students Act of 2003. The Supreme Court has recently given a hostile reception to the Biden Administration's assertions of executive power that were supposedly justified by the coronavirus emergency. For example, the Court tossed a moratorium on evictions. - TecnoKing, Welfare King? - Consumer protection advocate Ralph Nader unloaded on Tesla (TSLA) head Elon Musk, accusing him of having "taken taxpayers to the cleaners for his factories and for Starlink." "He is a gigantic corporate welfare king masquerading as a capitalist businessman." Awkward, considering Nader made the accusations on Elon Musk's platform, Twitter. Musk fired back that Nader was "lying" and that he had "personally provided almost all Tesla funding, based on my proceeds from PayPal" - Speaking Of Twitter... - Elon Musk's campaign to cut expenses at Twitter isn't over. About 50 more people have reportedly been let go by the company. That's the eighth round of job cuts since Musk took over. - Union Pacific CEO To Hit The Tracks - CEO Lance Fritz will reportedly be leaving Union Pacific railroad, after hedge fund Soroban Capital Partners called for him to be replaced in a letter. "Unlike typical shareholder engagements which come with numerous demands, Soroban has only one ask - install new leadership who can get the trains to operate safely and on time," it said. HOT SPOTS: What's Going on in Geopolitics - Putin Says NATO Part Of The Conflict - President Vladimir Putin said that NATO is seeking to inflict a "strategic defeat" on Russia. He also warned that Russia will need to consider NATO's nuclear capabilities, suggesting Russia needs to be ready to respond in kind. "How can we ignore their nuclear capabilities in these conditions?" Putin asked rhetorically. - New Sanctions Against Russia – The United States and the United Kingdom both imposed new sanctions on Russia, with the G7 creating a "Enforcement Coordination Mechanism" to control what has already been created. "We remain committed to presenting a united front through the imposition of new coordinated economic actions against Russia in the days and weeks ahead," said the G7 leaders. - Ukrainian Military Leaders Visit Bakhmut - As part of an effort to boost morale and show the town is not cut off, Colonel General Oleksandr Syrskyi visited his troops in the besieged town of Bakhmut. Russian troops continue to try to encircle the town, but Ukrainian forces took back some territory in actions over the weekend. The situation remains tense. CUTTING EDGE: What[']( )s Happening In Tech - Pfizer Looks To Get Even Bigger - Pfizer (PFE) is reportedly trying to buy biotech company Seagen Inc. (SGEN). SGEN's market value is $30 billion so a deal is not a sure thing. However, if PFE can pull it off, it would add to the company's arsenal of cancer-fighting drugs. - Conspiracy Theory Right Again – All right, it's a bit more complicated than that, but not by much. According to new intelligence, the U.S. Energy Department says the most likely source of COVID-19 was a "lab leak" from a Chinese laboratory. However, the agency reports this with "low confidence," according those who reportedly read a classified report. - Amazon Pushes For Even Faster Delivery - It's a time of cutback and conservatism for Amazon - but not when it comes to delivery speeds. The company has built about 45 "same-day sites" since 2019 in order to accelerate its delivery times. It's a major gamble for the company, as it faces tougher competition and consumer cutbacks on discretionary spending. The service is focused on the top 100,000 products in Amazon's catalog FOR YOUR CONSIDERATION --------------------------------------------------------------- "Last week I had a conversation with one of the subscribers in the Trade Command room about the two reasons traders lose. They either place bad trades or practice bad trading." Last week was the worst week for the stock market in 2023. At a time like this, you need to be on top of your game. How can you keep your head when the market is losing its own? Chris Hood defines "bad trades" and "bad trading" - and tells you how to avoid both of these like the plague. [BAD TRADES AND BAD TRADING]( ) 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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