WORD ON THE STREET 

• At The Speed Of Wolves – Apollo Global Management is reportedly preparing a $2 billion debt investment in Wolfspeed Inc, a major semiconductor manufacturer. WOLF is down this big year so far (more than 25%) but is expanding production with a new plant in North Carolina.

• Chaos In Russia Ends Before Mass Causalities – What looked like a coup attempt against President Vladimir Putin by Wagner Group chief Yevgeny Prigozhin came to a sudden end after the mercenaries abruptly canceled their plan to march on Moscow. Instead, Prigozhin is heading to Belarus and exile after a compromise agreement negotiated by Belarusian president Alexander Lukashenko. In return for calling off the march, charges against Prigozhin are being dropped.

• Honda Recall Will Hit More Than A Million – About 1.2 million Honda vehicles are being recalled because of a reported issue with the rearview camera. Vehicles include some 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport models. The issue supposedly prevents the imagine from showing up on the display – which seems kind of important.

• Corporate Defaults Spike – The corporate default rate was up last month as the impact of higher interest rates hits home. The rate is double compared to that over the same period in 2022. Companies facing refinancing now confront much larger fees – potentially setting back economic growth.

HOT SPOTS: What’s Going on in Geopolitics

• Japan Moving Towards Starlink – The Self-Defense Forces of Japan are reportedly considering using Starlink for military purposes. The Yomiuri newspaper reports that Japan may officially adopt it in the fiscal year beginning in April 2024.

• Trump Accuses Bidens Of Corruption On China – In a speech at the Faith & Freedom Coalition’s gala, former president Donald Trump cited claims from an IRS whistleblower that Hunter Biden had sent messages suggesting that he had used his proximity to his father to get payments from Chinese businesses. “In fact, they’ve taken tens of millions of dollars from China,” Trump charged. “And that’s probably why, maybe he’s not complaining about the fact that they’re [China] building military bases in Cuba.” Trump called it “truly 100 times bigger than Watergate.”

• Israeli Security Kills Palestinian Gunman – A Palestinian gunman opened fire at an Israeli military checkpoint but was shot and killed by Israeli security forces. Two security guards were lightly wounded. Tension was high after Israeli settlers reportedly attempted to attack Palestinian homes, before being stopped by the Israeli military.

Bank collapses, corporate bankruptcies and more.

Silicon Valley is being gutted and completely reshaped.

Learn how one trigger could be the key to witnessing hundreds of triple digit wins in the aftermath of The Tech Reckoning

CUTTING EDGE: What‘s Happening In Tech

• Andrew Tate Offers To Train Elon Musk – Look, let’s be honest. Mark Zuckerberg is the favorite in the upcoming cage match with Elon Musk. Zuckerberg has been training; Musk has not. However, influencer and MMA fighter Andrew Tate posted that he would train Musk and “you will not lose.” Of course, Tate has his own issues – he’s facing charges of rape, human trafficking, and forming a gang in Romania.

• Eric Schmidt Buys Russian Oligarch’s Superyacht – Former Google CEO Eric Schmidt is the victor in an auction for the superyacht Alfa Nero. He paid $67.6 million. The previous owner was Andrey Guryev, a Russian tycoon who was sanctioned by the American Treasury Department after the Russian invasion of Ukraine.

• IBM Nears MAJOR Purchase – IBM is reportedly about to buy Apptio Inc. for about $5 billion. The company provides “software as a service” applications. Apptio itself made a critical acquisition in 2018, buying cloud computing expenditure company Digital Fuel in 2018.

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