The Offensive is already underway…
We’ve got TRADECOMMAND up and running and traders are already being informed about possible gains. Trust me, you don’t want to be left behind, especially with the kind of week shaping up.
Elections are on Tuesday and that’s sucking up most of the oxygen in the room.
Republicans look poised to capture the House of Representatives, but many Senate races are simply too close to call.
Mr. X puts it on the line and makes some specific predictions in his column below…
But the truth is that we won’t know everything until Tuesday night – actually, probably not even for a few days afterward.
(Apparently, we can’t count votes in a single night anymore for whatever reason).
All we can say for sure is that the political temperature in this country is going to increase.
In Ukraine, Russian troops are barely holding on to Kherson and suffering massive losses in the east. The only group that seems to be making progress is a private military company.
China’s new customs data show a dramatic decrease in international trade – and that’s going to bounce back on the United States.
For example, Apple’s iPhone production has already taken a hit.
The week just started and politically, militarily, and diplomatically, all the established patterns are upset.
Make sure you’ve got a team at your back before you enter this battlefield.
For those without the tools, the fog of war on Wall Street has never been more confusing.
We’ll help you cut through the deceptions and seize the gains that others will miss.
Keep Moving,
THE OFFENSIVE is already underway.
WORD ON THE STREET
China Trade Collapse, Spinning Wheel of Death, Facebook Firings
- Didn’t See That Coming – China’s international trade unexpectedly declined last month, with new figures showing exports down by 0.3% year-over-year in value. It’s especially dramatic considering that just two months ago, the figures showed a 5.7% increase. Falling demand from the United States and Europe is part of the reason for the decline, but some are also pointing the finger at the increasingly authoritarian and yet somehow chaotic economic policies of the governing Communist Party. Lockdowns are proving especially destructive.
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COVID Takes Bite Out Of Apple – iPhone 14 production has been reduced because a Foxconn factory in China has scaled back production. That means Apple may not have enough phones to meet demand in December – which means not enough product during the holiday season. It should be an interesting day for AAPL shareholders. China’s zero-COVID policy strikes again.
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Layoffs Aren’t Just For Twitter – The death spiral of Meta Platforms (META) continues. The Wall Street Journal reports thousands of workers could be cut as early as Wednesday. It would be the first such layoffs in the company’s history. Mark Zuckerberg is trying to switch the company’s direction to the metaverse, but Facebook itself risks becoming irrelevant. META is down more than 70% this year.
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Neck And Neck – A new NBC News poll, the last one before the elections, show Democrats have slightly gained in the generic Congressional ballot. Democratic voters have also closed the enthusiasm gap with Republicans. However, all it really means is that the parties are essentially tied. Among all registered voters, it’s 47% to 47% when asked which party they want in control of Congress.
THIS TRADER MADE $64,000 IN JUST ONE WEEK
And he never risked more than $10,000 at a time…
HOT SPOTS: What’s Going on in Geopolitics
- Dark Winter For Kyiv – While Russia struggles to contain Ukrainian attacks in the south, Russia’s own missile and drone strikes have smashed Ukraine’s power supply. Kyiv Mayor Vitali Klitschko said “our enemies are doing everything for the city to be without heat, without electricity, without water supply, in general, so we all die.” Rolling blackouts have been planned throughout the country. Ukraine has accused Russia of “energy terrorism” for striking the power grid.
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Lebanon Turns To Crypto In Desperation – Lebanon, now gripped by hyperinflation and financial crisis, has turned to cryptocurrency as a last resort. Freelancers are using remote employment so they can be paid in bitcoin from abroad, which is seen as preferable to local currency. The Lebanese pound has lost 95% of its value since the beginning of a financial crisis in 2019.
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Chinese Test Taiwanese Defenses Again – Eleven Chinese aircraft and naval vessels passed through the Taiwan Strait over the weekend, including one that entered Taiwan’s Air Defense Identification Zone. The island was forced to scramble its own missile defenses. Chinese President Xi Jinping said last month that his country must “fully enhance training and preparation for war.”
CUTTING EDGE: What‘s Happening In Tech
- Two Billion Spent On Virtual Land – Let’s see how this one looks in a couple years. Over the last 12 months, about $2 billion have been spent on real estate in the metaverse. There is not “one” metaverse, but different platforms including Sandbox, Voxels, and Decentraland. Needless to say, it’s a buyers’ market now – the collapse in cryptocurrency prices have made “real estate” prices plunge.
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Want A Checkmark? You’ll Have To Wait – As Twitter and the news surrounding Twitter continue to serve as a vortex of madness, we’re getting a breathing spell on one of the biggest proposed changes. Twitter Blue, the site’s subscription service, will reportedly allow subscribers to purchase a verification checkmark. However, to avoid charges of election interference, it won’t come until after the midterms.
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World Population Hits 8 Billion – United Nations Population Fund chief Natalia Kanem said that the increasing world population is “not a cause for fear,” instead hailing the “momentous milestone for humanity” as the world population hits 8 billion people. While some are concerned about the drain on resources, we’ll have to figure out some way to deal with it soon – the numbers are only expected to go up, with the world population nearing almost 10 billion by 2050.
FOR YOUR CONSIDERATION
“My read is that the Republicans are a bit overconfident. The ‘Red Wave’ is possible but conservatives shouldn’t get ahead of themselves. Early voting and the blue takeover of urban centers mean they are almost always running behind when midnight hits Election Day.”
Conservatives are confident going into Election Day, but Mr. X suggests they shouldn’t get too cocky. While the GOP will probably seize the House, the Senate is still in the balance.
And as Mr. X points out, the Democrats’ advantage in early voting means that for many Americans, the campaign has been over for a long time.
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