Dawn Report – January 5, 2022

He did it again.

It looks like the renewed hopes for President Biden’s Build Back Better legislation are thwarted once more by Senator Joe Manchin of West Virginia.

“I’m not agreeing with any of this,” he told reporters. He also said there have been “no conversations” with the White House, contradicting earlier reports that he was warming up to the president’s position.

It was a mixed picture in the markets. The Dow hit another record, but the NASDAQ fell heavily. Different sectors of the market are facing essentially opposed incentives when it comes to trading.

With bond yields and oil prices increasing, banks and energy stocks were the big winners of the day. Meanwhile, tech stocks declined.

The pandemic is continuing… but will we see a market that is essentially the inverse of what came before? “Old-fashioned” companies are booming…

Especially Ford (F), which rose a staggering 11.67%.

Of course, it didn’t accomplish that by being old fashioned in its approach. The company announced it was opening orders for its new F-150 electric pickup.

It looks like Ford is moving to remove “TecnoKing” Elon Musk’s crown when it comes to the EV sector.

Yesterday’s innovators can turn into tomorrow’s losers. With political battles on the Hill heating up and Wall Street institutions reinventing themselves, it’s more important than ever to stay connected.

Everything old is new again.

Keep moving,

Another great episode packed full of critical information for options traders of all levels. This week Chris discusses the prediction of the Santa Rally and how the market was telling us to get ready for some time. He keys in on the power market analysis using the put-call ratio, futures, and $TICK charts to determine likely reversal points. According to Chris this is a critical time to make money as things will get more difficult as the year progresses. In his words, “making money isn’t difficult, but keeping it is.”

Click Here for Episode 53: “Options Trading – Profitable Mistakes, PC Ratio, and Following Signals”


Built Ford Tough, Banks Come Back, No One For Congress

  • Ford > TSLA – Ford (F) surged as the electric version of the F-150 is now open for orders. Meanwhile, Tesla (TSLA) and Elon Musk are under fire for opening a showroom in Xinjiang, where the Chinese government is accused of human rights violations against the mostly Muslim population. Tesla is in a tough position as it must maintain a positive image with both the Chinese and American governments – and it’s increasingly a time to take sides.

  • Not Boring Anymore – Banks aren’t exactly what you would put at the top of innovative corporations, with all the talk of clean energy, the metaverse, or NFTs. Nonetheless, banks were on the rise as treasury yields rose. Bank of America (BAC) rose almost 4%, JPMorgan Chase (JPM) rose almost 3.8%, and Truist Financial (TFC) rose more than 3.2%. The “transformative” economy is starting to look very familiar.

  • What If They Had An Election And No One Cared? – President Joe Biden has somehow hit yet another record high in the RealClearPolitics average of polls. The president’s approval rating is 44%. Majorities also disapprove of President Biden’s handling of the economy and the COVID-19 pandemic. That said, Republicans shouldn’t get too confident – the latest USA Today/Suffolk University poll showed that Democrats have a two point advantage, with about a quarter of voters undecided.

  • Supply Chain Crisis Finally Fading? – The New York Federal Reserve has created a new tool called the Global Supply Chain Pressure Index (GSCPI). It suggests that the supply-chain disruptions “have peaked and might start to moderate somewhat going forward.” Let’s see if they are better about this than they were about “transitory” inflation.


HOT SPOTS: What’s Going on in Geopolitics

  • Duke of York May Face Civil Suit – Prince Andrew, the Duke of York, is facing a civil sex abuse suit that could embarrass the British royal family. A court will soon decide whether the case will go forwards. The duke has been accused of sexual assault against a teenager in a case linked to the infamous Jeffrey Epstein.

  • 13 Million Chinese Locked Down – China has tried to stomp out COVID-19 with a zero tolerance approach. Of course, this approach has massive collateral damage – about 13 million people are locked down in the city of Xi’an in the northwest.

  • French President Pledges To Anger Voters – President Emmanuel Macron said that he wanted to “piss off” unvaccinated people. “And we will continue to do this, to the end,” he said. “This is the strategy.” Good luck with that.

CUTTING EDGE: Whats Happening In Tech

  • A Million Cases – The United States reported one million new COVID-19 cases on Monday, a new record. Some of it may be explained by delayed reporting from New Years, but it’s clear the virus is completely out of control in the country.

  • “Potentially Hazardous” Asteroid Will Pass Earth – An asteroid called “1994 PC1” will pass Earth on January 18. It’s a kilometer wide and though scientists don’t think it will hit the planet in the short-term, it’s been classified as “potentially hazardous.” Isn’t there a movie about this situation right now?

  • Starlink Satellites Summon Cats – Cats have decided the best thing to do in this situation is sit directly on top on Starlink satellites. They create a small amount of heat, and if you are a cat outside in the winter, that’s good enough to make it a home.

“Stupid humans, this is ours now” (Picture from Twitter user @Tippen22)


“As post-Soviet change intensified so also was the board altering on which the power game was being played. More of this had to do with the surreptitious pilfering of Russian public money and its movement abroad. I had been tracking Russian money for years, especially when it involved KGB/SVR financing of foreign projects.”

In the aftermath of the Soviet collapse, many Russians were hopeful for a new political order and a new way of life. Instead, they experienced corruption and greed on a massive scale, as the resources of their country were systematically looted.

But nationalism is a powerful force… and even if someone is a crook, you might stand up for him if he’s “our” crook. That’s exactly what happened when a Russian was detained by foreigners. Dr. Kent Moors is back with a new Spy Tale.


Is Bitcoin The Greatest Ponzi

Scheme of All Time?