Fed's Great Expectations May SCREW Investors

Central bank expecting too much on inflation ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Imagine calling it a success when you miss your goal by a triple-digit margin. This week's main news will be the Consumer Price Index for March. It is expected to show slowing inflation from February... but not nearly, nearly, slow enough. Projections are for 5.2%. That's much better than February's 6%. However, remember that the Federal Reserve's goal is 2%. Consumer confidence, and confidence in the stock market, is holding by a thread... and recession fears are on the rise. The Fed is in a difficult position because it can't simply wait for inflation to come down to 2%. Given the current pace, that's going to take a long time, if it ever actually comes. And OPEC+'s recent decision to cut back on oil production could have a massive impact on prices throughout the entire economy. What happens if the Fed decides inflation still remains a dire threat? Another interest rate increase seems like it is in the cards... and it may not be the last one. Analysts from Bank of America had a pessimistic reading on the situation yesterday. "Core inflation, and core services, should remain sticky-high," they said. "Much of this stickiness stems from elevated rent and owners' equivalent rent inflation, which should subside in the second half of the year." Expectations are for one more interest rate increase. I have my doubts whether this market can handle one more... But I have zero doubts that it cannot handle two. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET BYD Extends The Lead, Dems Rage, Singer Warns - Warren, AOC Press Silicon Valley Bank Depositors - Progressive Democrats including Elizabeth Warren and Rep. Alexandria Ocasio-Cortez are pressing 14 depositors at the failed Silicon Valley Bank over the SVB's "unusually cozy relationship with its clients." The Democrats allege the Bank's politics "increased the threat of contagion when the bank went under." - BYD Pulling Ahead - Berkshire Hathaway investor Charlie Munger famously claimed a few months ago that BYD is so far ahead of Tesla that it's "almost ridiculous." Maybe it's about to become actually ridiculous. BYD is unveiling a new system that stabilizes cars through sharp turns and rough terrain. It even includes a light radar system. BYD Founder Wang Chuanfu said that it was a "breakthrough" that leads and surpasses foreign technological level" [sic] - Paul Singer Warns Of "Significant" Recession Threat - Investor Paul Singer has been right about a lot, especially the 2007-2008 financial crisis and post-pandemic inflation. So his latest declaration is probably bad news. He warned the economy is facing an "extraordinarily dangerous and confusing period" with a "significant chance of recession." - It's Finally Over - It's official. President Joe Biden signed a bill originally authored by Republicans that officially ends the COVID-19 emergency. It's a bit awkward - the White House originally opposed the bill, saying it "would create wide-ranging chaos and uncertainty throughout the health care system." I guess the president changed his mind. HOT SPOTS: What's Going on in Geopolitics - Ruble Hits Low Against The Dollar - So much for the death of the dollar. The Russian ruble hit its lowest rate against the dollar in a year, just 82 rubles to the dollar. The Russian economy continues to suffer from the consequences of a massive sanctions effort. - China "Ready To Fight" – China's military said it was "ready to fight" after concluding drills near Taiwan. "The theater's troops are ready to fight at all times and can fight at any time to resolutely smash any form of 'Taiwan independence' and foreign interference attempts," said the Chinese military. - Philippines Buckles On American Ties - Philippine President Ferdinand Marcos Jr appeared to seek a middle position between America and China. "The Philippines will not allow the [American bases in the country] to be used in any offensive action," he told reporters. The Philippines recently expanded the number of bases on its territory that American forces will have access to through the Enhanced Defense Cooperation Agreement - but what good are they if American troops can't use them? CUTTING EDGE: What[']( )s Happening In Tech - Twitter Doesn't Exist - At least not as a company anymore. Court filings reveal that Twitter is now technically part of Elon Musk's X Corp. Musk has been saying the move was coming for some time. Now it's official. - Bitcoin Tops $30,000 – Bitcoin hit its highest price since June, topping $30,000. The rally has been surprising some analysts, as it comes at a time when the government has been trying to crack down on cryptocurrency. - Supplement Company Has To Pay Up In Review Scandal - The Federal Trade Commission has ordered The Bountiful Comany, which makes the popular "Nature's Bounty" vitamins and supplements, to pay $600,000 for reportedly meddling with Amazon reviews. The company reportedly merged reviews of different products to make reviews look better than they otherwise would have done. The practice of meddling with Amazon reviews has been called "review hacking" FOR YOUR CONSIDERATION --------------------------------------------------------------- “Investors should remain aware that there may be an expiration date on this partnership.” And so it begins. China's Alibaba is unveiling its own AI - and it's not alone. Other Chinese companies are rolling out their own chatbots. But is this the beginning of a Chinese renaissance, or just the beginning of the end? [CHINA ENTERS THE AI COMPETITION]( ) 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]( ). The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( ) for more information. Sent to: {EMAIL} [Unsubscribe]( ) Rogue Investing, 721 Court St., Unit #1, Lynchburg, VA 24504, United States