The Fed Does Not Care About Stocks

What is the economy’s “point of pain?”

A lot of people are afraid we are about to find out.

Bank of America economist Aditya Bhave said the Fed may hike interest rates between 5.25% and 5.5%.

The Fed is still focused entirely on inflation – even as the risk for a recession is increasing.

And Minneapolis Federal Reserve President Neel Kashkari isn’t even entertaining leaving interest rates alone.

In fact, he’s not even willing to go on the record about limiting it to just a 25-basis point increase.

He was reportedly pushing for a 50-basis point increase at the last meeting… and he wasn’t alone.

I don’t expect he’ll be alone at the next meeting.

Furthermore, he predicted a 5.4% “terminal rate” for where interest rates will end up… but now he’s suggesting that the Federal Reserve may need to go even higher.

We have to be honest about what we are dealing with.

There’s a lot of wishful thinking when it comes to the Fed.

There’s a lot of people suggesting that the Fed will take its foot off the brakes just because the market is sputtering.

It’s not going to happen.

The Fed has been very clear.

If anything, we should be grateful about that.

Companies that have strong fundamentals, limited costs, and great revenue streams will be in a good position – but the pandemic-era market where stocks benefit simply because of flowery growth projections is dead, dead, dead.

It’s important not to see this as a bad thing.

The noise and distractions have been cut away.

All that’s left is what’s real.

I break down one of the world’s most important oil companies today…

Remember, don’t trade unless the signals are clear.

Make sure you know what to you look for and take nothing for granted.

Keep Moving,

P.S. I’ve found one surprise energy pick that I think is going to be absolutely critical over the next year.

Click here to get the full details.

GET IT DONE

Mr. X’s motto – and since the beginning of Rogue Investing Daily…

He’s been giving 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.

NOW FIND OUT ABOUT THE “TRADE OF THE DECADE”

A “Buy and Forget It” Trade For the Long Haul

COACH’S CORNER

“It’s been years since I’ve seen such chop in the market. Situations like these can create so many opportunities for you – as long as you stay quick on your feet. Markets never fall without a fight, so be ready to switch from bull to bear at a moment’s notice. As I said in the Trade Command room, the key to success is actively managing trades. This isn’t a time when you can set it and forget it.”

“These are times when staying disciplined is essential. Those who play this market just right stand to make a fortune – the others will lose it all.”

“Futures on all the indices except the Dow Jones Industrials are falling through the floor. However, since we’re so extended on SPX to the downside; be on the lookout for sudden bullish reversals.”

“The materials sector is another one to keep an eye on for big, bullish plays. You can see what I mean in the Mining & Materials ETF (XME) daily chart:”

“We’ve just broken out of a consolidation phase, and there’s plenty of room to run. Aggressive traders might want to go in now, but conservative ones could wait for a confirmed resistance break at the $59.13 level shown in red. Be sure to put this on your watchlist.”

Cheers,
Chris Hood

WORD ON THE STREET

Tesla’s Master Plan Lands With A Giant Dud

Kashkari “Open Minded” On Bigger Interest Rate Hike – I’d rather he was more dogmatic about this, frankly. Minneapolis Fed President Neel Kashkari told an audience in South Dakota that he was “open minded whether it’s [an interest rate increase] 25 basis points or 50 basis points.” Seemingly what he’s not open minded about is leaving interest rates alone or cutting them in order to get the economy moving again.
TecnoKing Strikes Out – Elon, you are supposed to underpromise and overperform, not the other way around! Elon Musk set big expectations for the so-called “Master Plan 3” event, suggesting that he would lay out a plan for humanity’s future. However, Musk was notably short on specifics during the event. “We will have a proper sort of product event, but we would be jumping the gun if we answer your questions [now],” he said. The result? TSLA was down both during the trading day and in after-hours.

One Specific – TSLA Will Be Opening A New Plant In Mexico

Labor Battle Hits Starbucks Office – A few dozen white-collar workers at Starbucks have called on the coffee chain to stop trying to crush union organizing. The workers said Starbucks should “commit to a policy of neutrality and respect federal labor laws.” A federal administrative law judge also ruled against Starbucks in an order released yesterday, instructing Starbucks to reopen stores that it closed in order to quash unionization.
Salesforce Up Big On Full Year Forecast – A strong earnings beat helped propel CRM, as Salesforce surpassed analysts’ expectations on earnings and revenue. The stock was up a bit during the trading day but surged almost 16% in afterhours trading.

HOT SPOTS: What’s Going on in Geopolitics

“Havana Syndrome” Not Caused By Foreign Enemy – Remember that mysterious and terrifying weapon that America’s adversaries were apparently using to make workers at our embassies sick? Yeah, apparently it’s nothing. A multiagency intelligence review found that a foreign adversary was not behind the mysterious symptoms, which caused workers to claim extreme physical and mental suffering.
China Builds Ties With Belarus – Belarussian leader Alexander Lukashenko backed China’s peace proposal to end the war in Ukraine, as China and the Russian ally moved closer together. China has claimed neutrality in the conflict, but the United States has rejected the Chinese peace plan as favoring the Russian position too much.
King Charles III Evicts Harry And Meghan – Well, that will teach you to write a tell-all book trashing your landlord… especially when your landlord is the King of England. King Charles III reportedly told Prince Harry and his wife Meghan Markle that they have till his Coronation to leave the Windsor home at Frogmore Cottage. Apparently, the king’s decision was backed by Prince William and other members of the court as they form ranks against the rogue royals.

CUTTING EDGE: What‘s Happening In Tech

Robinhood Expands Its Crypto Wallet – Robinhood’s self-custodial crypto wallet is now available for all iOS users, having moved out of the testing stage. “While we recognize it’s been a tumultuous few months in the crypto space,” said HOOD’s crypto GM optimistically, “we remain committed to our mission to make Robinhood the most trusted, lowest cost, and the easiest-to-use on-ramp to crypto.”
Silvergate Bank Down Big As Government Cracks Down – SI stock fell by more than 31% in after-hours trading. The company is delaying the filing of its annual 10-K report for 2022 and the reason will hardly reassure investors. ‘The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company.” Ouch.
AI Comes For Car Salesmen – Artificial Intelligence may pose a threat to many professions, and car sales could be first on the list. Fiat and KIA have both reportedly introduced digital showrooms in the metaverse to hawk their wares. Fiat’s salesroom works through Microsoft Teams while KIA’s is reportedly best experienced using a VR headset so you can speak to digital avatars.

“Today’s Before the Bell is part strategy, part trade idea on a stock that’s been a top mover in the energy sector over the last year…”

“I’m talking about Exxon Mobil Corporation (XOM):”

Fear is overwhelming hope on Wall Street, but that doesn’t mean it’s time to be reckless. Before you seize opportunity, know what you are looking for.

Corey breaks down the technical signals on one of the world’s most important energy companies.

HOW TO AVOID CATCHING A FALLING KNIFE ON XOM

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

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

The Fed Does Not Care About Stocks

WORD ON THE STREET

Tesla’s Master Plan Lands With A Giant Dud

HOT SPOTS: What’s Going on in Geopolitics

CUTTING EDGE: What‘s Happening In Tech

Share this:

Are you ready for The Great American Reset?

Recent Posts

China Seizes Control Over Supply Chain

Don’t Take BRICS Too Seriously

Most Important Fed Meeting Drops TODAY