BREAKING: Interesting footage recorded this morning near Chabahar in southeast Iran shows a group of local fishers on their boats, along with dolphins catching fish, as an F/A-18F Super Hornet of the U.S. Navy, flown from USS Abraham Lincoln, performs a flyby over them.
#OperationEpicFury #OperationLionsRoar
This $SPY trendline will determine the market for the rest of the year
The trendline is currently sitting ~672
If we confirm above 672, it's bullish. If we continue to chill below 672, it's bearish
China is winning the trade war. They have strong cards, but the truth is the Trump team inadvertently helped them.
Per the @WSJ, the reason China massively escalated in the last 36 hours is because it believes Trump will fold - just as he did on magnets - without reaching for any US leverage in response.
That is why - in a remarkable break from past run-ups to big summits - they've gone all-in on the trade war just three weeks before the meeting:
1⃣ Sweeping declaration of control over the entire global tech supply chains that goes far beyond "small yard, high fence"
2⃣ New port fees on US ships
3⃣ New Qualcomm probe
Per Lenin, “If you encounter mush, advance; if you encounter steel, retreat." They believe they have repeatedly encountered mush.
The American approach has been unserious. We launched a trade war without preparation, without allies, and without reducing our own vulnerabilities. So we are losing.
The Trump team still has cards it could play to reset the baseline. And Beijing is wrong to back Trump into a corner. Lots of uncertainty ahead.
China -- per the excellent reporting on the WSJ/ @Lingling_Wei -- appears to be pursuing a strategy of applying maximum pressure in pursuit of maximum concessions ... full tariff rollback, rollback of export controls, relaxation of nat'l security review on Chinese investment
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Let’s make a deal at a grand bargain between the two sides that hate each other so much. The Left will quash all their loony woke shit, and the Right will stop the slide into autocracy.
@dana_marlane Of course. It’s a given. Getting rich is a very selfish act. Nobody will want other people to know the secrets of getting rich if they work. They share their “secrets” because they want to make money off you and they want to get “highs”from time to time
🚨 Beijing has not committed to grant export clearance for some specialized rare-earth magnets that US military suppliers need for fighter jets and missile systems.
At the London talks, China promised to fast-track approval of rare-earth export applications from non-military US manufacturers out of the tens of thousands currently pending. Those licenses will have a six-month term. Beijing also offered to set up a "green channel" for expediting license approvals from trusted US companies.
Initial signals were positive, with Chinese rare-earths magnet producer JL MAG Rare-Earth saying it had obtained export licences that included the US, while 🇨🇳 Ministry of Commerce confirmed it had approved some "compliant applications" for export licences.
But China has not budged on specialized rare earths, including samarium, which are needed for military applications and are outside the fast-track agreed in London. Automakers and other manufacturers largely need other rare earth magnets, including dysprosium and terbium.
https://t.co/I28DXRDrjf
$SPY Bearish Reversal is now confirmed with today's close at $597, just below the 10-dma.
5-dma the key level for bulls has been captured by the bears. 🐻
See you at $592 $SPY Monday.
The earliest multi-day bounce will be at the 200-dma at $577. Most likely Mon 6/23.
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Bulls who drank the $700, $650, $630, $615, $610 $SPY ATH Kool-Aid, regurgitate it now. Wake up!
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There's a chance that $605.60 remains a MAJOR "lower high" Wycoff top, if conditions in the USA go haywire this weekend, and we end up with a Trump impeachment / Elon turning against him disclosing election fraud to bring back Kamala and the deep state back in control (June to August).
This scenario means $SPY to $460, at which point Jpowell will cut interest rates.
Good luck!
A colonoscopy allows the inspection of the colon/rectum for the detection and removal of polyps or other abnormalities, aiding in the diagnosis and treatment of conditions like colorectal cancer.
$NVDA The Dan Ives Wedbush AI Revolution ETF is set to begin trading on Wednesday under the ticker “IVES.” The fund follows an index that is based on the best artificial intelligence stock ideas surfaced by Ives’ research.
The fund includes some of the biggest names in tech, such as Nvidia
, as well as some smaller AI plays. The holdings will change over time as the AI boom evolves, Ives told CNBC.
“The AI revolution theme is now going from semis to software, to infrastructure, to consumer and the other derivatives,” Ives said.
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Polymarket recession odds peaked at 65% on May 1st, the April ISM release date, suggesting Liberation Day and the 20% stock market correction did not damage the economy, as the "soft data" warned.
Subsequent April data confirmed this.
Will May see more of the same?
🧵