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☆ A 'volatility event' will plunge the stock market to new lows in the next 6 months, Fairlead's Katie Stockton says
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market is poised to plunge to new lows in the first half of 2023, according to Fairlead Strategies' Katie Stockton. Stockton told CNBC on Tuesday that a "volatility event" could send the VIX soaring to 50. "But we do look for some kind of major low to be established on the back of a volatility event... maybe in the next four to six months." Of course, there is a chance hat instead of plunging to new lows the stock market simply chops sideways and consolidates. I think it's less likely though because I do think that the market needs that kind of capitulation that tends to be associated with bear market lows," Stockton said.

The U.S. House’s Jan. 6 committee has performed its task with a dignity that verges on parody. They are doing criminal referrals while Rome burns. I think the criminal referrals are completely appropriate and, if anything, fail to capture the true scope of his malfeasance. He said as much himself in response to the Jan. 6 committee referral. One of the strongest grounds for prosecuting Trump for Jan. 6 is that only accountability will prevent something like it from happening again.

☆ U.S.-Africa Leaders Summit kicks off under China's long shadow
▼ + stars: | 2022-12-13 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Trade between Africa and China last year surged to $254 billion last year, up about 35% as Chinese exports increased on the continent. “We are not interested in the views of any other countries on China’s role in Africa,” Qin said at the Semafor forum. Asked whether Biden administration officials would directly approach U.S. concerns about Chinese involvement in Africa during this week’s meetings, officials bristled. Those include Africa, South America and the Middle East, where China is eyeing military and economic expansion. U.S. officials have also expressed concerns that China is looking to establish a military base on the western coast of Africa.

☆ Why China Isn’t Facing Another Tiananmen Moment
▼ + stars: | 2022-12-02 | by ( Andrew J. Nathan | ) www.wsj.com time to read: 1 min

In April 1989, a peaceful protest by several hundred university students in front of the Great Hall of the People in Beijing’s Tiananmen Square swelled over the course of four and a half weeks into massive demonstrations. Students, workers, and government and party officials took part, and similar protests broke out in over three hundred other cities across China. Last week’s anti-Covid protests, by contrast, are now petering out, after a few heady days of defiance. Despite the country’s deep-seated and widespread public outrage at three years of rigid Covid restrictions, Xi Jinping has China under much tighter control than his predecessors did three decades ago.

☆ Wall Street keeps selling as world assets fail to recover
▼ + stars: | 2022-09-27 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 27, 2022. The Bank of England said late on Monday it would not hesitate to change interest rates and was monitoring markets "very closely." U.S. stocks mostly faltered after a morning bounce, with the S&P 500 hitting a two-year intraday low. The MSCI world equity index (.MIWD00000PUS) reversed early gains on Tuesday, falling about 0.3% to a near two-year low early Tuesday afternoon. MSCI's broadest index of Asia shares outside Japan (.MIAPJ0000PUS) hit a fresh two-year low and was flat on the day.

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