All or NOTHING

Market booms as inflation fades ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ We're nearing a situation where it is all or nothing. Let's start with the good news. Producer price inflation fell by far more than expected. Adding to that, new claims for unemployment benefits were up by more than expected last week. That may sound like bad news, but investors are desperate for signs of a loosening Labor Market. All this suggests that the Fed may refrain from increasing interest rates to the levels many feared. More than this, it suggests that the federal government may be able to pull off the soft landing they've been trying to get for so long. Yet that doesn't mean there aren't obstacles. Brazil is now openly crusading to stop trading in dollars. (Don't miss Mr. X on this today.) And while de-dollarization may be overstated for now, it's clearly a long-term threat. We also can't overlook the reality that everything is being driven by completely unsustainable levels of debt. Both consumer debt and government debt. And that is a problem that is likely insoluble. One thing that continues to fascinate me is the rise of cryptocurrency. Even in the midst of one of the most hostile regulatory climates in history, people around the world see value. Markets are, quite simply, the most efficient way of organizing information in history. Sometimes, I swear, it seems like they have a brain. And it seems like the market knows something the "experts" don't. We had a good day yesterday... but stay frosty. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET Musk: I Had No Choice! - Amazon Joins AI Race - Amazon will have a new cloud service called Bedrock that will let developers use AI systems that can generate text, "Most companies want to use those large language models but the really good ones take billions of dollars to train and many years and most companies don't want to go through that," said CEO Andy Jassy. "So what they want to do is they want to work off of a foundational model that's big and great already and then have the ability to customize it for their own purposes, and that's what Bedrock is." - Musk Had No Choice On Twitter Deal - On his recent interview with the BBC, Elon Musk admitted he bought Twitter because he was going to probably lose a court course that would have allowed him to get out of it. "Yes, that is the reason," he said. Musk went though with the deal for $54.20 per share, far more than Twitter's value. Imagine having to spend $44 billion because you couldn't get out of a deal - How The Hard Times Have Truly Begun - Economist Mohamed El-Erian has drawn plenty of attention for his warnings on inflation. Now it's his comments on China bringing him attention. "The best days of the Chinese economy are behind us," he said, arguing the state intervenes too much in different areas of the economy. - March PPI Figures Drive Rally - The stock market rallied after the March producer prices index showed prices declined by 0.5% month over month. Expectations were for it to be flat. It's another indication that inflation is declining more quickly than expected. HOT SPOTS: What's Going on in Geopolitics - Germany Does Damage Control - German Foreign Minister Annalena Baerbock is heading to China in what many analysts see as damage control following French president Emmanuel Macron's recent comments on Taiwan. Macron has been accused of creating a breach within NATO by calling for the EU to have an independent stance on Taiwan separate from the United States. - UN May Bring Russian Banks Onto SWIFT – In order to facilitiate grain shipments from Ukraine, the UN is reportedly considering bringing some Russian banks back onto the SWIFT system. "We are in discussions with the people who are responsible for SWIFT and the Europeans and others on that," said UN spokesperson Stephane Dujarric. - Man Leaked Russia Documents To Win Internet Points - Respect the dedication. A man going by "OG," aka Jack Teixeira of the Air National Guard, leaked classified military documents about Ukraine. While the motive remains under investigation, it appears to have been to show off to a Discord group. CUTTING EDGE: What[']( )s Happening In Tech - Tech Consultant Charged In Killing In Bob Lee - Nima Momeni, a tech consultant, has been charged with the murder of Cash App founder Bob Lee. Lee and the suspect knew each other, but the San Francisco Police have yet to disclose a motive. - Ether Hits High – Ether hit a high of over $2,000, reaching its highest point since August. The token has been on a tear since a recent upgrade that allows users to withdraw ether that has been staked. Contrary to fears, making it making it easier to withdraw has boost crypto. It seems that functionality really is driving value. - Gamers Rise Up - Microsoft fired back after a $68.7 billion lawsuit by gamers seeking to prevent the takeover of Activision Blizzard was refilled. MSFT claimed it was based on "unsupported and implausible claims about the deal's effect on competitors." MSFT claims its takeover will bring more games to more people FOR YOUR CONSIDERATION --------------------------------------------------------------- "In 1848, the Russian Empire saved the Austro-Hungarian Empire from revolutionary turmoil. The Hapsburg Foreign Minister is reported to later have said, ‘We shall astonish the world with our ingratitude,’ siding against Russia in later Great Power conflicts. That might be going through the minds of some people at the State Department now." Brazil's president arguably would not be in office were it not for support from the United States. But that isn't helping Washington's foreign policy goals... Brazil and China are moving even closer together. And Brazil is even flirting with a new currency to break the power of King Dollar. Mr. X has more. [BRAZIL TURNS ON DC]( ) 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]( ). 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