Murderous Bastards!

Coordinated Incompetence? [Morning Reckoning] July 18, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Murderous Bastards! Asti, Northern Italy July 18, 2024 [Sean Ring] SEAN RING Good morning Reader, Credit: [@Rothmus]( You’d be forgiven for thinking the Secret Service drew the above game plan. Such willful incompetence has never seen the light of day. Not since Jim Marshall of the Minnesota Vikings ran into the wrong end zone against the 49ers in 1964 have we witnessed a live television screw-up of this caliber. At least Marshall just got confused; he later turned out to be one of the greatest players of his generation. Future historians won’t be saying the same thing about Kimberly “No Slopes Allowed” Cheatle. The more we learn about The Ear-ie Near Miss, the more the whole thing stinks to high heaven. I don’t know who did it yet, but I know their friends lost a lot of money. Good. God rot them! As my chubby digits get to typing this out, Mike Cernovich posts this on X: Credit: [@Cernovich]( He’s probably not far off, and I’ll explain why. [ SELL-OFF WARNING ]( [The stock market is entering a cycle of HISTORIC manipulation.]( Prices have surged recently… But when this trend reverses – and trends always do… Millions of investors could be on the wrong side of [a historic “pump-and-dump”.]( That’s exactly what I believe is happening behind the scenes – Wall Street is propping the market up. And within the next week or two… I believe we are going to see a historic selloff. [Click Here To Learn Why]( [LEARN MORE]( Coordinated Incompetence? In Monday’s [Rude Awakening]( I called for Kimberly Cheatle, the Secret Service’s feckless director, to get fired. Now, I demand she be arrested. [Matt Walsh published this laundry list]( of what we’re supposed to be about the assassination attempt: Here’s the official story so far: A random 20 year old acting completely alone walked within 150 yards of a presidential campaign rally with a rifle, climbed onto a rooftop in full view of Secret Service snipers, set up his shot and fired without anyone intervening and with no help from anyone. This 20 year old is also so politically radical as to attempt an assassination and yet not radical enough to have ever posted any political writings or commentary on any social media site ever in his life. He also wrote no manifesto and left behind no indication about why he did it. His last and only political act, before attempting to kill the Republican candidate, was to register as a Republican. You must believe this and ask no questions about it or else you are a conspiracy theorist. And one thing we know about assassination attempts is that there’s never any conspiring involved. Here are my quick questions: - Why was Trump’s regular Secret Service detail removed before the Butler rally? - Why wouldn’t you put a sniper on a sloped roof? - How did you not see a 20-year-old pencil-necked geek get on a roof when bystanders were literally filming him? - Why was the local police relegated to traffic duty when they usually split protection duties with the Secret Service? - Why were the Secret Service snipers not giving the immediate go-ahead to blow that kid’s head off the second they spotted him? - Why was the kid-shooter in a BlackRock commercial previously? But the real rub is this: why were 12,000,000 shares of DJT stock shorted the Friday before the assassination? Short the Stock Before the Assassination Imagine this situation. You’ve got friends in high places. They know Deep State wants Trump dead, and they know when it’s going to happen. Before 9/11, airline stocks were shorted by buying put options — far cheaper than actually borrowing the shares and selling them in the open market. You decide to trust your friend. You buy puts on DJT stock, knowing that stock will go to zero if Trump dies at the rally. Much to your delight and surprise buying all those puts makes little to no impact on the DJT share price. Usually, when you buy puts, your market maker sells you those puts and then hedges by shorting the stock. This usually sends the price down. But today, the price impact is minimal. That means you could possibly make $30 per share on 12,000,000 shares, or $360,000,000, by Monday. From Friday to Monday, short interest increased 17x. Credit: [Fintel]( On the weekend, you make some popcorn, get champagne, and watch the rally. The thought of all that moolah has you shaking with anticipation. You hear the muffled gunfire and see Trump grab his ear and hit the deck. You start feeling queasy. You realize Trump is still alive. You realize they should’ve got a man to do the job, not some Mk Ultra brainwashed, noodle-armed, pencil neck geek. Trump is not only alive, but barely unharmed. Your guts turn to water. Then he sticks a fist in the air to mock you. On Monday, you wake up to reports that DJT stock is up 55%. You narrowly avoid soiling yourself. You do the math: a $10 loss on 12,000,000 shares… or a $120,000,000 loss. Not only did you sell your soul to the devil — you lost an additional nine figures of your wealth. Allegedly, the firm that did this was Austin Private Wealth. I cannot confirm that. But you should listen to this phone call immediately. Credit: [@lazygrappler]( Again, we don’t know. But the implications are incredible. Allegedly, this is the firm of the old Bushes and James Baker. Scary. What did they know and when did they know it? Or did they know nothing at all? As of right now, I can’t be sure. But it stinks to heaven above. Wrap Up If “they” tried once, they’ll try again. This horrific attempt is merely the first time. The Secret Service, FBI, and NSA must be held accountable and be disbanded once the truth is out. Those responsible or negligent must be jailed, for a long time. They missed this time. But every time they harder until they succeed. We must stop that from happening. All the best, [Sean Ring] Sean Ring Contributing Editor, The Morning Reckoning feedback@dailyreckoning.com X (formerly Twitter): [@seaniechaos]( [Ex-CIA Insider: “Prepare for Election Meltdown”]( [Click here to learn more]( After correctly predicting the Great Recession of 2008, Trump’s 2016 Election and the Covid Crisis of 2020… Former advisor to the CIA, the Pentagon and the White House Jim Rickards… Is now warning everyday patriots like you to prepare for a historic election meltdown. [Click here to learn the five steps you need to take because things are about to get ugly](. [LEARN MORE]( In Case You Missed It… The Rotation is REAL! Greg Guenthner, Editor [Greg Guenthner] GREG GUENTHNER Good Morning Reader, We’ve talked about it for months… Heck, we might have willed it into existence. For whatever reason, the illusive bull market rotation we’ve patiently waited on is finally materializing. Today, we’ll discuss what a bull market rotation entails, how it works, and, most importantly, how we can profit from the inevitable rallies that could power the market higher in the weeks and months ahead. First, some quick background… Unless you’ve completely detached from the financial noise machine, you already know Big Tech and the stalwart semiconductors have grabbed this market by the ear way back in January and dragged it to new highs. Yet while names like NVIDIA Corp. (NVDA), Super Micro Computer Inc. (SMCI), Microsoft Corp. (MSFT), and Alphabet Inc. (GOOG) dominated the tape, many other stocks and sectors started to fall behind. Even more impressive has been the mega-caps ability to shrug off extreme overbought conditions, completely ignoring some obvious signs of exhaustion while continuing to push to new record highs week after week. It’s truly a sight to behold. To be clear, I'm not the only one yapping about this top-heavy market. Nearly every major analyst has mentioned the dominant mega-caps going back to early 2023. But as we discussed earlier this year, the stock market doesn’t care what we think! Over-saturated? Overvalued? Overbought? All three might be true – but it hasn’t stopped these stocks from screaming higher. It’s also worth noting that despite these newfound rotations, the semiconductors haven’t stalled out just yet. In fact, the VanEck Semiconductor ETF (SMH) is still sporting a year-to-date gain of nearly 60% (as of yesterday afternoon, the ETF is less than 4% from its all-time highs). The NYSE FANG+ Index also remains a force to be reckoned with as it sits on a year-to-date gains of almost 40%. For comparison, the S&P 500 is sitting right near its all-time highs and is up “only” 19% so far this year. The biggest of the big remain firmly in control of this market. But something new has happened over the past week. While the leaders are still clinging to their gains, traders are beginning to rotate to other less-loved corners of the market. This has led to some fast and furious rallies that are hinting at a potential midsummer leadership change… The Next “Hot Money” Trade So, how do these market rotations typically play out? During these rotation events, the market’s strongest stocks consolidate or retreat as other stocks and sectors begin to outperform and take on new leadership roles. If you learn how to spot and take advantage of these rotations, you’ll find that you can grab onto emerging trends and ride them to fresh highs as they begin to dominate the market. Let’s get back to the big question we asked earlier this year: When the streaking semis finally get doused with a bucket of cold water, which stocks could pick up the baton and start running? Well, we’re finally seeing key breakouts emerge in some forgotten corners of the market. My favorite (and strongest!) move unfolding right now is the monster breakout in the small-cap Russell 2000. We’ve been watching and waiting for a small-cap resurgence since the melt-up rally began late last year. The Russell 2000 initially snapped out of its stupor and broke above its December highs following a rocky start to 2024. But it wasn’t able to harness this momentum and extend higher during the first quarter. Instead, small-caps sank back into a choppy range while the mega-cap leaders dominated the tape. Frankly, small-caps have been a mess for months. We’ve witnessed not one but two false breakouts so far this year as the Russell 2000 badly lagged the major averages. That all changed late last week… A midweek surge shot the iShares Russell 2000 ETF (IWM) back above 200… and it hasn’t looked back yet. Following yet another gap higher at today’s open, and the Russell 2000 is now up more than 8% since Thursday morning. That’s an incredible move for these stubborn, formerly range-bound small-caps! Remember, the Russell 2000 has grossly underperformed the major averages for nearly two years. The Russell was hit hard by the regional banking crisis in early 2023. It also failed to rally with the major averages into the summer months, leading to a hard reset that lasted from August through October. Most mega-caps were stable during this period while smaller names took a beating, acting as a safe haven for investors worried about the potential for a bigger drawdown heading into the fourth quarter. When the big move lower failed to materialize and the melt-up rally ignited, the Russell flipped its switch and posted a 20% move off its lows. It’s consolidated in a wide, frustrating range ever since. Now, we’re finally seeing a powerful breakout that could take these small stocks much higher. Are these our new market leaders as the third quarter begins in earnest? It’s possible. Now that IWM has stabilized and is approaching its 2021 highs, more traders and investors will feel comfortable buying back in. If the rotation theme continues to play out, we could see the smaller stocks outpace the big boys – even if the major averages decide to take a break. The move has been dramatic. After all, no one was really expecting it. Despite the fact that some of these stocks are short-term overextended, we think they’ll soon consolidate and offer alert traders solid entry points. This move isn’t finished yet! Best, [Greg Guenthner] Greg Guenthner Contributing Editor, Morning Reckoning feedback@dailyreckoning.com Thank you for reading The Morning Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Sean Ring] [Sean Ring, CAIA, FRM and CMT]( is a former banker and financial educator and is the editor of the Rude Awakening. Sean has trained interns and graduates from Goldman Sachs, Morgan Stanley, Citi, Bank of America, Standard Chartered Bank, DBS (Singapore), the Abu Dhabi Investment Authority (ADIA), Bank Indonesia (the central bank), HSBC, Barclays, RBS, and BlackRock. He knows the global economy is being corrupted by forces that most people can't understand and has used his unique and worldly experiences to help people navigate the markets. [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@dailyreckoning.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your The Daily Reckoning subscription, you can ensure its arrival in your mailbox by [whitelisting The Daily Reckoning.](